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Just in time for the holidays, the BetMGM Sportsbook bonus code is SHARP50 for a $50 signup bonus, no deposit required, plus a risk-free first bet up to $1,000. The promotion runs from December 23, 2021, to January 4, 2022. Terms and conditions apply. Click here to claim now.

All new signups located in states where BetMGM Sportsbook operates qualify for the bonus code. Simply create a new account, verify the account to complete registration, and the $50 in free bets are yours.

How This BetMGM Bonus Code Works

When you sign up, use the exclusive, limited-time BetMGM Sportsbook bonus code: SHARP50 to snag the free bets and to place a risk-free real-money bet up to $1,000.

However, make sure to read the fine print. You can simply use the $50 free, but if that’s your first bet, you won’t qualify for the risk-free bet. To receive both bonus offers, make a deposit and place the risk-free bet first, then use the $50 free on signup. Otherwise, you lose out on the risk-free offer.

Either way, $50 free on signup is what we like to call a no-brainer bonus. Just for registering an account, you get $50 in free bets that you can use on almost any sports betting market, including parlays. You don’t need to risk a dime of your own money either.

If you do choose to deposit, your first real-money wager is risk-free. Outside of this limited-time holiday deal, the $1,000 risk-free first bet is the standard BetMGM Sportsbook bonus code, with no $50 free bet attached to the offer.

Here’s how the risk-free bet works: if your first bet loses and it’s $49 or less, you receive a free bet equal to your wager. If the first bet is worth $50 or more, it’s refunded in five free bets, each worth 20% of the wager. For example, if you bet the full $1,000 and lose, you’ll receive five free bets of $200 each.

Where Is The BetMGM Sportsbook Bonus Available?

You can only claim this bonus if you’re not already a BetMGM member and live in a state where the app is licensed. Bettors in the following states can opt-in for the BetMGM Sportsbook bonus code SHARP50:

BetMGM will also be launching soon in New York and Louisiana. However, it is unclear whether this limited-time offer will apply to those states, or if online sports betting will launch in those states before the end of the promotional period on January 4, 2022.

BetMGM Casino & Poker

If you have a BetMGM Sportsbook account and you live in a state that legalized online casinos, you can use your account to play on both platforms. BetMGM Casino is available in the following states:

  • Michigan
  • New Jersey
  • Pennsylvania
  • West Virginia

BetMGM Poker is also available in those states except for West Virginia, where there are no legal online poker sites. And while the $50 free bets on signup is specific to the online sportsbook, you can get a no-deposit casino bonus instead. The BetMGM Casino bonus code is SHARPCASINO for $25 free to the casino on signup, no deposit required. Use this link to lock in the deal.

About the Author

Cole Rush

Cole Rush is a Chicago-based writer and contributor for His work has been showcased in various gaming industry magazines and online columns. Prior to freelance writing, Cole spent seven years in communications at a gambling and lottery supplier. A Chicago native, Cole's favorite teams are, predictably, da Bears and da Bulls. When he visits the casino, you’ll most likely find him betting on golf, playing Mississippi Stud, or eyeing the roulette wheel.

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