BetMGM Sportsbook Iowa Bonus Code IABMGM For $1,500 Today

Fact Checked by Joss Wood

BetMGM has become one of the most popular online sportsbooks in Iowa. In this review, we take a closer look at everything that BetMGM offers Iowa bettors, including the First Bet Offer Up To $1,500 with code IABMGM.

 

Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY) Call 877-8-HOPENY or text HOPENY (467369) (NY). Must be 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for T&Cs. US promotional offers not available in MS, NV or NY.

BetMGM Iowa Sportsbook At a Glance

💲 BetMGM Iowa Bonus CodeIABMGM
💲 OfferFirst Bet Offer: Up to $1500 in bonus bets back if you lose
🔞 Who Can Claim These Promos? New users aged 21+ located in Iowa
💰 Other OffersNA
📲 Device CompatibilityiOS, Android, PC
🏈 Number of Sports Available16
💳 Minimum Deposit$10
Payout Speed2 - 3 Days
💰 Land Based PartnerDiamond Jo Casino
📜 Licensed By:Iowa Racing & Gaming Commission
Last Updated:December 2023

BetMGM Iowa Bonus Code IABMGM

Much like all Iowa sports betting operators, BetMGM Iowa offers a new user bonus code alongside some regular promotions. The new user welcome offer, which is one of the best Iowa sportsbook promos for high rollers, is a straight refund of your first bet if it is a losing one up to a maximum of $1,500 in bonus bets. To claim the offer, use the BetMGM Iowa bonus code IABMGM.

Meanwhile, the regular promotions are usually tied to a specific sport or event and so you’ll need to keep an eye on the promotions page in the sportsbook. At the time of writing, one of these regular promotions is a free-to-play PGA Tour 3 ball challenge where you could win a round of golf at TPC Sawgrass or bonus bets to use at the sportsbook. 

How to Sign Up for a BetMGM Sportsbook Account

Signing up for a BetMGM account in Iowa is a fairly straightforward process. All you have to do is follow the steps below. 

  1. Navigate to the sportsbook's site by clicking on the green "BET NOW" buttons embedded in any of the banners on this page. 
  2. Hit the ‘Register’ button. 
  3. Fill in your details such as email address, name, age, etc. 
  4. Choose a username. 
  5. Enter your social security number for verification. 
  6. Enter your mobile phone number. 
  7. Enter your physical address. 
  8. Make a minimum deposit of $10+ and, if it's not already autofilled, enter your Iowa BetMGM bonus code: IABMGM
  9. Place your first bet of at least $10. 

You may be asked to verify your identity by uploading a copy of a photo ID. This is quite common and is usually only required as a backup to your social security number. 

Bear in mind, if you want to opt into the "First Bet Offer - Up to $1500 in Bonus Bets" instead, you'll need to enter the promo code IABMGM when you sign up. 

How the BetMGM Bonus Code Iowa Works

Both of the BetMGM bonus code offers are very simple to claim and available to all new users who are located in Iowa. Once you have downloaded the app or visited the website and registered for an account you are automatically eligible for the "Bet/Get" welcome bonus. We've described that process above. 

To claim the First Bet Offer and get up to $1500 back in bonus bets if you don't win, just follow these steps: 

  1. Register a new account. 
  2. Opt in for the welcome bonus by entering the exclusive bonus code IABMGM. 
  3. Make a first deposit of $10 or more. 
  4. Place a first wager of $10 or more using your own money. 
  5. If that first wager is a losing wager, you will receive the value or your wager in bonus bets. 

It’s really that simple. 

Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY) Call 877-8-HOPENY or text HOPENY (467369) (NY). Must be 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for T&Cs. US promotional offers not available in MS, NV or NY.

Types of Iowa BetMGM Promotions

While BetMGM Iowa may not run quite as many bonus code promotions as some other sportsbooks in Iowa, it does still offer some great value through those that it does run. Here are a few examples of the regular promotions that you can find at BetMGM Iowa. 

Boosted Odds

BetMGM offers boosted odds on a range of sporting events each and every day. These are called Daily Odds Boosts or Lion’s Boosts and will appear on the sportsbook above the day’s events. While you may get a few more boosts during big tournaments, BetMGM does a solid job of ensuring that there are good value boosts to be had every single day. 

Refer a Friend Bonus

BetMGM encourages you to invite your friends to join the sportsbook by offering a $50 bonus for everyone that signs up through your referral link. You can invite up to 20 people per month and once they open a new account and deposit and wager $50. Both you and your friend will then receive the bonus into your account. 

Bonus Bets

Bonus bets are offered based on certain promotions. For example, the welcome bonus refund on your first bet is issued in bonus bets. Other promotions such as the refer a friend bonus are also made up of bonus bets. These can generally be used to wager on any sport although some restrictions may apply such as a seven day limit that you must use the bonus by. Make sure to read any terms and conditions for your bonus bets so you don’t miss out on using them. 

BetMGM Sportsbook Promotion Terms & Conditions

All BetMGM sportsbook promotions come with specific terms and conditions which can vary depending on the promotion. However, all promotions will have a cut-off or expiry time for using the associated bonus bet or meeting the wagering requirements. For the welcome bonus, this cut-off period is 7 days. Playthrough requirements also come into play for every bonus. This means that you will have to wager a multiple of the bonus before it is converted to real money. This is why it’s super important to read the Ts and Cs of any promotion before taking advantage of them. 

BetMGM Sportsbook Iowa Features

Every sportsbook has its best features and BetMGM is no different. During our testing for this review, here are the features that we found put BetMGM on a level footing with the industry’s leading sportsbooks. 

Live Betting

Live betting is one of the most popular features at online sportsbooks now and BetMGM has jumped on this bandwagon in a very big way. With a virtually seamless betting experience, live wagering at BetMGM is top class with all scores and odds updated in real time which is exactly what bettors want to see. 

BetMGM ‘Edit my Bet’ feature

BetMGM offers an Edit my Bet feature you won’t find at many other sportsbooks. This feature allows you to cash out early before the wager is completed or, better yet, to edit the wager on your bet slip. For example, if you have a three-leg parlay and the first two legs have come through, but you’re not feeling too confident about the third leg, you can swap it for a different leg on your bet slip. Your odds will no doubt change but it has to be said, this is an incredible feature.

Prop Bets

Prop bets or proposition wagers are bets that you make on an individual aspect of a game that isn’t necessarily tied to the end result. You could predict the number of goals scored, the number of fouls or even how many points a certain player scores. Thanks to BetMGM’s live wagering feature, prop wagers are popular as in-game wagers. 

Parlay Bet

Parlay bets or parlay wagers are two or more bets combined into a single wager. Each part of the wager is called a leg and you must accurately predict each leg for the wager to pay out. The combined odds for a parlay wager means that you have greater potential winnings. A notable feature of BetMGM sportsbook and one that you won't find at too many betting sites is the easy parlay generator. This suggests parlay wagers based on your activity.

Same Game Parlay

A same game parlay wager is when you combine multiple bets on a single game into one wager. They are becoming an increasingly popular wager option for bettors as they offer some incredible value over the course of a game. Instead of wagering on the team to win, you can add a prop bet for the highest scorer and possibly the winning margin too. While it may be tougher to get all three predictions in one game right, the potential profits on this make it an attractive option. 

Legal Online Sports Betting In Iowa

Since legal sports betting came to Iowa online sports betting sites have offered odds on major sports leagues across the globe. Here are just a few of the most popular sports betting markets available for betting online at BetMGM Iowa today. 

NFL

It goes without saying that the NFL is the league to watch and bet on when it comes to the turn of the year and the playoff season. And believe it or not, while Iowa doesn’t have an NFL team of its own, there is huge support for the Minnesota Vikings in the Hawkeye State. Once the season rolls around, you can expect to see some great odds boosts and perhaps even a BetMGM bonus promotion or two for the NFL at BetMGM Iowa. 

College Sports

Sports such as college football and college basketball are the sports to watch in Iowa. This is because there are no professional teams of note in the state. Iowa Hawkeyes games attract crowds in their tens of thousands so it should come as no surprise that collegiate sports betting is extremely popular here. Just bear in mind that you can place bets on Iowa state games that involve local college teams, but you cannot place prop bets on those games are not. 

NBA

The NBA is another huge league to bet online on in the Hawkeye state, but perhaps not as popular as March Madness. The lack of an NBA team doesn’t count for much in Iowa as NBA BetMGM bonus promotions and moneylines come thick and fast once the season is underway. 

Horse Racing

Horse racing is incredibly popular in Iowa and there’s a lot of money and interest involved in the local racing industry. In fact, as with many states, horse race wagering has been around for much longer than sports betting and so you’ll find that most sportsbooks including BetMGM Iowa offer extensive horse racing markets allowing you to bet online. 

Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY) Call 877-8-HOPENY or text HOPENY (467369) (NY). Must be 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for T&Cs. US promotional offers not available in MS, NV or NY.

BetMGM Sportsbook App - Mobile Sports Betting

The BetMGM sportsbook app is one of the best in the business. It’s got a great user interface that allows you to easily build bets while, like the BetMGM betting site, everything is easy to find including sports betting markets in the handy menu. What we like about this app is that there’s practically no difference at all between the mobile app and the BetMGM betting site. 

BetMGM Sportsbook App Pros and Cons

Pros
Great user interface
No loss of features
Fast and responsive
Cons
Separate app needed for casino

Download the BetMGM App

You can download the BetMGM app by simply searching for BetMGM in the Google Play Store or the Apple App store. All new users can register a new sportsbook account though the mobile app itself while all promotions are also available. There is no longer a requirement in Iowa to register in-person at a retail sportsbook. Bear in mind too that online casinos are not yet legal in Iowa so you cannot use the BetMGM casino app in the Hawkeye state.

What iOS Users Are Saying

🗣️“Bonuses and promotions are good with clear rules and obvious expiration dates, and are easy to apply on a wager. Synchronization with the broader MGM rewards program is seamless and easy to track.”

🗣️“They don’t want to add player performances, they don’t want you to alternate lines for players, and they want to put every player in props that are starring in that respective sport.”

What Android Users Are Saying

🗣️“This app is awesome. The number 1 reason is the profit boosts. The app does lag a bit but they all do. Its my phone that's the problem. I have a friend who has the same app and he has no problems at all.”

🗣️“Customer service was very helpful. Can always reach a human in 5 min or less. Just one of the many reasons I only use BetMGM”

BetMGM Sportsbook Rewards Program

BetMGM’s new rewards and loyalty program is available for all sportsbook users. It’s a tiered program with five levels - Sapphire, Pearl, Gold, Platinum, and Noir.  You get rewards points for all wagers placed at the sportsbook and once you get to a certain level you can then redeem them for bonuses. These could be bonus bets at the sportsbook or even comps for MGM Resorts International properties. 

Other Online Sportsbooks You Might Like

BetMGM is up against some serious competition in Iowa but that’s not a bad thing. This means that you have plenty of great options depending on what you’re looking for. For example, if you’re after some great regular promotions, then DraftKings might be the betting site for you as it has tons of ongoing offers. If you’re in search of some very niche college betting markets, then FanDuel is also a great option as they cover just about every college football game throughout the season. If you're a high roller seeking to join a sportsbook with the most generous welcome offer, then you should choose Caesars.

Online Sports Betting at BetMGM Sportsbook Iowa

While the range of sports available at BetMGM Iowa may not seem as extensive as you’ll find at competitors, all the major bases are covered and there are even a few niche ones too. For example, table tennis and lacrosse are covered at BetMGM but for overseas niche sports like Aussie Rules you’ll need to head to another sportsbook. This is why we always recommend having accounts at multiple sportsbooks so you can always place a wager no matter what the sport is. 

Software at BetMGM Sportsbook Iowa

MGM Resorts partnered with European iGaming company Entain for its online betting venture BetMGM. This means that the BetMGM sportsbook runs on one what many consider to be the most reliable sports betting platform in the business offering a reliable and secure user experience for both desktop and the BetMGM app users. 

  • ACH Transfer
  • PayPal
  • Play+
  • Bank Transfer
  • Discover
  • VISA
  • MasterCard
  • American Express
  • Check

Online Banking at BetMGM Sportsbook Iowa

It’s always a good idea to have multiple options when it comes to both making deposits and withdrawals at an online sportsbook so you always have a plan B. With this in mind, it’s great to see that BetMGM offers a solid range of banking methods for sports bettors. 

Deposit Money

  • BetMGM has a great range of deposit methods, many of which are instant. 
  • ACH e-check
  • Apple Pay
  • BetMGM Play+
  • Mastercard, Visa or American Express
  • Check
  • Online bank transfers
  • PayNearMe
  • PayPal
  • Cash at cage
  • VIP Preferred

Withdraw Money

The withdrawal methods available at BetMGM mirror the deposit methods although they take longer to process. BetMGM will process your withdrawal within 24 hours. However, it could take a little longer than that for the cash to hit your account depending on your withdrawal method. Overall, it’s expected that withdrawals can take 2-3 days. 

Safety and Security

History:

BetMGM is a renowned name in the gaming industry and is owned by MGM Resorts and Entain. 

Legality:

BetMGM is approved and licensed to operate in the state by the Iowa Racing & Gaming Commission. 

Software:

BetMGM entered into a partnership with Entain that sees the European online betting giant provide the technology that runs the sportsbook. Entain’s is considered one of the best sports betting platforms in the industry. 

Security:

BetMGM uses Secure Sockets Layer (SSL) encryption to protect all users' data and financial information. This means that all data is scrambled so no one can see your personal details. 

Customer Support

BetMGM Sportsbook offers best-in-class customer service with 24/7 live chat support that is both fast and extremely reliable. If you don’t feel like chatting, there is also a great FAQ section that covers all the main topics. 

Our Final Verdict of BetMGM Sportsbook

In an extremely competitive market, BetMGM Iowa has to work hard to hold its own and that’s exactly what it does. Competitive odds are supplemented by daily odds boosts while the user experience of both the app and the desktop website is excellent. Sure, it would be nice to see a few more sports betting markets added to the list, but that’s the only slight kink in an otherwise very smooth online sportsbook. 

With a great welcome bonus offer and a solid rewards program, BetMGM Iowa is certainly one of the best sportsbooks in the state and one that all Iowa bettors should take a look at. 

Responsible Gambling at BetMGM IA

BetMGM Sportsbook takes the care of its customers quite seriously and has partnered with Gamesense to provide information and support to all users. This goes a step further than the usual responsible gaming help section with extremely detailed information. You’ll find advice and tools for responsible gambling and contact details for gambling support groups. 

Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY) Call 877-8-HOPENY or text HOPENY (467369) (NY). Must be 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for T&Cs. US promotional offers not available in MS, NV or NY.

BetMGM Iowa FAQ

Author

Ciaran has written for both the sports betting and iGaming industries for over a decade. He is a true sports fanatic, and he covers a wide range of sports and online casinos in IA for IowaBets.com.

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