Tested & verified - 16/09/2024 
Many Online betting platforms in the USA offer reliable ways to fund your account, and BetMGM deposit methods are no exception. At Outlookindia, we have explored all the available deposit options and are here to share these methods with you in detail.
BetMGM Deposit Methods in the USA
As one of the best betting sites in the USA, BetMGM offers a variety of secure deposit options. Here is a table showing some of the popular methods, along with the BetMGM deposit limit, processing time, and fee:
| Withdrawal Methods | Minimum Withdrawal | Maximum Withdrawal | Withdrawal Time | Withdrawal Fee |
| Visa (Debit only) | $10 | Not Stated | Within 24 hours (after internal review) | No fee |
| PayPal | $10 | Not Stated | Within 24 hours (after internal review) | No fee |
| Venmo | $10 | Not Stated | Within 24 hours (after internal review) | No fee |
| Mastercard (Debit) | $10 | Not Stated | 1-3 business days (after internal review) | No fee |
| Apple Pay | $10 | Not Stated | 1-3 business days (after internal review) | |
| Online Banking | $10 | $25,000 | 2-4 business days (after internal review) | No fee |
BetMGM Deposit Methods Explained
Transactions are secure and reliable for both BetMGM withdrawal and deposit processes. The following is an overview of the popular methods you can use to fund your BetMGM account:
Credit or Debit Card
BetMGM allows you to fund your account using Visa, MasterCard, or Discover. This is a secure method; the minimum deposit amount supported is $10.
In addition, the transactions are instant. However, some card issuers may apply additional fees when processing payments on online platforms.
Also, some banks will not process debit card transactions for online gaming. This means you need to contact your card issuer to know if there are any limitations or fees associated with online casinos and sportsbooks.
PayPal
You can also deposit money into your BetMGM account using PayPal. This reliable and secure method processes your BetMGM payment instantly.
The minimum amount you can deposit using PayPal is $10. To make a deposit, you can use your PayPal account balance. However, if you have insufficient funds, you can easily top it up using your personal bank account.
Online Banking
PayWithMyBank is one of the most secure online banking methods for funding your BetMGM account. It’s safe because you deposit from your bank account without leaving the BetMGM platform. You don’t have to sign up or share additional personal details.
The BetMGM minimum deposit here is $10; no fees are associated with this service.
VIP Preferred e-Check
VIP Preferred e-Check allows bettors to transact with BetMGM and several of the best online casinos in the USA. You can use ACH, check cashing, and e-check services to deposit a minimum of $10, which will be instantly reflected in your BetMGM account.
You need to enroll with VIP Preferred by providing your bank’s routing number, driver’s license number, and account number. This will allow you to transfer funds directly from your bank account to your betting account.
Bank Wire Transfers
Another option for funding your account is a wire transfer. This electronic payment service allows bettors to transfer funds from their bank accounts to online betting accounts.
Note that after your BetMGM sign up, the minimum you can deposit using a wire transfer is $1,000. In addition, the processing time may take up to five business days. While this method may take a long process, it’s still secure and reliable.
PayNearMe
With PayNearMe, you can fund your account at the local store. You only need to generate the PayCode from the cashier.
To get this code, you must choose PayNearMe, which will be sent to your phone or email. You’ll then visit your selected store and use cash to deposit to your BetMGM account.
BetMGM Play+
This is a convenient and secure method to fund your BetMGM account. You’ll need to register for a BetMGM Play+ to use this method. Then, use it to fund your betting account using a bank transfer or credit card.
You can deposit a minimum of $10 and expect the funds to reflect in your account instantly. However, remember that the card issuer may incur additional costs/fees when transferring funds from your bank account to BetMGM Play+.
BetMGM Rewards
The BetMGM Reward Mastercard is a unique payment method offered by BetMGM. It allows you to fund your account as a purchase.
Usually, whenever you make a deposit, you get one point and one tier credit for every dollar. You can read the terms and conditions to understand how this payment method works.
How to Deposit on BetMGM
When it’s time to deposit to your account, BetMGM offers an easy process that takes only a few steps. Here is the procedure you need to follow:
- Use your BetMGM login credentials to access your account via the app or desktop browser. If you haven’t signed up, you can register a new account and enjoy the BetMGM no deposit bonus.
- Click on the “Deposit” icon at the top right corner of your screen.
- Click “Add Payment Method” and select the one you want to use. The payment you choose for the deposit will also be used for withdrawals.
- Enter the amount you want to deposit.
- Fill in the required details and click the “Deposit” button.
- Deposit will instantly be transferred to your account (except for bank wire transfers).
BetMGM Deposit Time
Once you deposit into your account via the BetMGM app, you’ll note that most methods have the same processing time. Here is the table showing the deposit method and the expected time for the funds to reflect in your account:
| Deposit Method | Processing Time |
| Credit/Debit card | Instant |
| PayPal | Instant |
| Online banking | Instant |
| Bank wire transfers | 1-5 business days |
| VIP Preferred e-Check | Instant |
| PayNearMe | Instant |
| Venmo | Instant |
| MGM Reward Mastercard | Instant |
| Borgata Resort Cashier | Instant |
| Prepaid/ Gift Card | Instant |
| BetMGM Play+ | Instant |
| GAMEON Card | Instant |
| PromoCode | Instant |
BetMGM Deposit Issues
While BetMGM offers reliable deposit methods, during our BetMGM review, we encountered some issues. The common BetMGM deposit problems include:
- Declined Transactions: Issuers sometimes decline some debit card transactions because of restrictions on online gaming platforms. To avoid encountering this issue, you may contact your bank or use another BetMGM payment option like PayPal.
Your deposit can also be declined if you don’t meet the minimum and maximum deposit limit requirements. To avoid this, you should deposit using the platform’s terms and conditions.
- Charges: Your card issuer may impose high charges when transferring money from your bank to your BetMGM account. Before making payments on online gaming platforms, you should contact the bank to learn its terms and conditions.
- Verification delays: Sometimes, you may encounter BetMGM deposit problems when you want to change your payment method. This will require you to verify your identity again, which can take a few days.
BetMGM Sign Up Bonus – How to Get It
The best thing about BetMGM is the attractive welcome bonuses for casino and sports bettors. We’ve discussed them in detail below:
Sign Up Bonus for Sports
When you’re a new member, the platform rewards you with a 100% bet bonus of up to $1,500. Here are a few steps you need to follow to get this bonus:
- Sign up for a BetMGM account.
- Deposit a minimum of $10 to qualify for a BetMGM bonus code of up to $1,500 bonus bet.
- Place your first bet, and the platform will refund your stake as a bonus bet when you lose. Note that the bonus expires in seven days.
Sign Up Bonus for Casino
Casino lovers are also included. The platform offers a 100% welcome bonus of up to $1,000 plus $25 on the house. For you to receive the BetMGM casino bonus code offer, here is what you need to do:
- Sign up for an account with BetMGM Casino. Once you are verified, you will receive $25 automatically, which you can use immediately.
- Deposit a minimum of $10 to receive a 100% BetMGM first deposit bonus of up to $1,000. You can only withdraw your deposit amount, match bonus, and associated winnings once you fulfill the wagering requirements.
- The requirements for a deposit bonus are that you bet $15 on every $1 deposit match. You also have a maximum of 14 days to complete the wagering requirements. Furthermore, you’ll only satisfy the requirement by placing slots or jackpot slots, except for some options shared on BetMGM.
- Meanwhile, the $25 on the house bonus requires you to place a bet of $1 for every $1. This bonus expires in 7 days, and you’ll need to play slots and jackpot slots only.
Conclusion – How to Deposit on BetMGM
In summary, depositing money into your BetMGM account is easy and secure. Whether you’re a high or low roller, the funding options here are endless, and you’re sure to find an option that fits your needs.
| Deposit Method | ✅ Pros | ❌ Cons |
| PayPal | Reliable Instant | Transaction fee when transferring from bank to BetMGM |
| Online Banking | No additional signupInstant | Limited to certain banks |
| Bank Wire Transfer | High limitSecure | It takes a long time to process |
| Apple Pay | Convenient and secureInstant | Limited to iOS users |
| American Express | Highly secure Reliable | Some charges, especially when transferring from bank account to AMEX |
| Venmo | User-friendlyNo fee | Delay when transferring money from bank to Venmo |
BetMGM Deposit FAQ
How to deposit money into BetMGM
To deposit funds, log into your account. Then, click the balance icon at the top-right corner, hit “Deposit,” choose your preferred method, and follow the prompts. You can also claim a BetMGM deposit bonus code after funding your account.
How long do BetMGM deposits take?
The BetMGM deposit time for most methods is instant except bank wire transfers, which can take one to five business days.
What is the minimum deposit on BetMGM?
The minimum deposit for most methods is $10, except for bank transfers, which allow a minimum deposit of up to $1,000.
What is the BetMGM $25 bonus code?
The BetMGM $25 bonus is available for casino lovers newly signed up for an account. The sportsbook provides this bonus immediately after signing up.
Does BetMGM allow early cash out?
BetMGM allows you to cash out early to lock in on your winnings or reduce losses.
