BetMGM vs DraftKings - Which Sportsbook Has the Better Bonus?

A side-by-side comparison of bonuses, odds, app quality, and state availability for June 2026.

Last Updated: June 7, 2026

🏈 Licensed & Regulated

✅ Verified June 2026

🛡️ Personally Tested

✅ Both Offers Verified - June 2026

TL;DR: BetMGM offers up to $1,500 in bonus bets while DraftKings offers up to $1,050 in bonuses for June 2026. BetMGM has the higher bonus, but DraftKings often has better daily odds boosts. Both are legitimate, licensed sportsbooks available in 20+ states.

📊 Side-by-Side Comparison

Signup Bonus

BetMGM

$1,500

First bet insurance - if your first bet loses, get up to $1,500 back in bonus bets

DraftKings

$1,050

Bet $5, get $300 in bonus bets + $50 bonus bet + up to $700 deposit match

State Availability

BetMGM

20+ States

AZ, CO, IL, IN, IA, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV & more

DraftKings

24+ States

All BetMGM states plus CT, KS, KY, NH, OR, VT, WY & more

App Rating (iOS)

BetMGM

4.7 ★

Clean interface, easy navigation, solid live betting

DraftKings

4.8 ★

Best-in-class UX, fast bet placement, excellent live betting

Odds Quality

BetMGM

Good

Competitive lines, strong parlays, "one game parlay" feature

DraftKings

Very Good

Excellent daily odds boosts, competitive lines, strong props market

Withdrawal Speed

BetMGM

1–5 Days

PayPal: 1–2 days · Bank transfer: 3–5 days · Play+ instant

DraftKings

1–3 Days

PayPal: same day · Bank transfer: 2–3 days · VIP faster

Best For

BetMGM

Big First Bet

Best for users who want to place a large first bet with $1,500 insurance protection

DraftKings

Daily Bettors

Best for regular bettors who want daily boosts, props, and a top-tier app experience

🏆 Our Verdict

If you want the biggest signup bonus: Go with BetMGM. Their $1,500 first bet insurance is the highest single-offer bonus among major sportsbooks. If your first bet loses, you get the full amount back in bonus bets.

If you want the best daily betting experience: Go with DraftKings. Their app is slightly better, odds boosts are more frequent, and the $5 → $300 bonus has a much lower barrier to entry for new bettors.

Best move? Sign up for both. You can claim both signup bonuses - there's no rule against having accounts on multiple sportsbooks. Most experienced bettors use 2–3 apps to compare odds and maximize promotions.

BetMGM

Up to $1,500 in Bonus Bets

Claim BetMGM Bonus →

DraftKings

Up to $1,050 in Bonuses

Claim DraftKings Bonus →

Frequently Asked Questions

Which sportsbook has the better signup bonus?

BetMGM has the higher signup bonus at up to $1,500 in bonus bets (first bet insurance), compared to DraftKings which offers up to $1,050 in total bonuses (bet $5 get $300 in bonus bets + $50 bonus bet + deposit match). BetMGM wins on pure bonus value for June 2026.

Is BetMGM or DraftKings better for beginners?

DraftKings is slightly better for beginners because of its lower barrier to entry - bet just $5 to get $300 in bonus bets. BetMGM's $1,500 first bet insurance requires a larger initial wager to maximize the bonus. DraftKings also has a more intuitive app interface for new bettors.

Can I sign up for both BetMGM and DraftKings?

Yes, you can sign up for both BetMGM and DraftKings and claim both signup bonuses. Many bettors open accounts on multiple sportsbooks to compare odds, take advantage of promotions, and maximize their bonuses. There's no rule against having accounts on multiple platforms.

Are these sportsbook bonuses available in my state?

Both BetMGM and DraftKings are available in 20+ states including Arizona, Colorado, Illinois, Indiana, Iowa, Louisiana, Massachusetts, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia. DraftKings has a slight edge with availability in 24+ states. Check each sportsbook's website for current state availability.

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