MGM Resorts has been making waves in the online betting world since 2018. The popular US gambling company entered the digital space thanks to a partnership with GVC Holdings (now known as Entain). The joint venture, known as Roar Digital, eventually gave rise to BetMGM Sports. Thanks to the success of this partnership, MGM executives decided to enhance their digital portfolio in 2021.
This resulted in a deal with the New York Racing Association and its online sportsbook, NYRA Bets. The link-up means BetMGM now has access to horse race betting options at more than 200 tracks. From the US to the UK, BetMGM Racing offers an almost unparalleled selection of odds and bets.
The BetMGM horse betting app is still being refined, but we’ve done some research and know a little bit about what’s to come. As such, this BetMGM Racing review will provide more insight into the partnership between MGM and NYRA Bets. It also covers promotions, betting options and payment methods. So, if you’re ready to start racing with BetMGM, let’s get on with the review.
Why choose BetMGM Racing?
- Legal betting site linked to NYRA Bets.
- Access to races from 200-plus tracks.
- Fantastic promotions.
- Bet via computer or mobile device.
BetMGM Racing sign-up bonus
What will the BetMGM Racing welcome bonus look like? Naturally, we can’t predict the future with any great certainty, and anything we speculate on could be subject to change. However, we can look at what BetMGM Sports and NYRA Bets currently offer to get a sense of what the BetMGM Racebook sign-up bonus might look like.
You can join the BetMGM Sportsbook and get a risk-free bet for up to $1,000. We’re not saying you’ll be able to get the same offer at BetMGM Racing. However, there could be something similar on the table. If it’s not a risk-free bet, the chances are it will be a deposit bonus. NYRA Bets currently offers newbies up to $200 in free bets.
This deal is based on a 100% deposit multiplier that’s triggered once you wager 2x the value of said deposit. So, if you deposit $100, you then have to wager $200 within 30 days. After that, you’ll receive free bet credits equal to the value of your deposit, which, in this example, is $100. That welcome bonus is capped at $200, so it’s potentially less lucrative than what BetMGM Sports offers. However, the racing sign-up bonus could be somewhere between the two and, therefore, something worth shooting for.
BetMGM Racing NY promo code 2022
|Online Racebook||BetMGM Racebook|
|Risk Free Bet||TBD|
|Last Updated||January 2022|
Do I need a BetMGM Racing promo code?
If you need a BetMGM Racing bonus code, we’ll let you know. For BetMGM Sportsbook NY, the code is PLAYBONUS, so it’s likely there will be one for its horse racing counterpart. Come back and check this review for updates.
BetMGM Racing New York promotions
You can expect all manner of promotions and giveaways at the BetMGM horse race betting site. Free bets and cashback will likely come as standard, as will enhanced odds and parlay boosts. Our research also tells us that NYRA Bets is big on reload bonuses, particularly when there’s a major race going down. For example, to generate some hype around the Kentucky Derby, you might find that BetMGM Racing runs a $20 reload bonus.
Beyond that, we know that MGM values loyalty. The famous M life Rewards program is packed with incentives and gifts. Sports bettors currently receive nine iRewards Points for straight bets and 12.5 iRPs for parlays when they stake a total of $50. The more iRPs you accrue, the higher up the M life VIP rankings you climb. Each new level contains point multipliers, extra bonuses and more overall value, meaning it can pay to be active.
The same principle likely will apply at BetMGM Racing. This doesn’t mean you should wager more than you can afford. But, if you’re active, you’ll give yourself more opportunities to unlock this added value.
How to create a BetMGM Racing account in NY
You can join BetMGM Racing NY by completing the following steps:
- Head to the racebook site and input your details on the registration page to create your BetMGM Racing login.
- Enable the geolocation tacker when prompted so the app can confirm that you’re in a valid location.
- Verify your age and identity.
- Log in to your account, head to the cashier page, make a deposit and start betting on the horses.
BetMGM horse racing app review
BetMGM Racing will be an amalgamation of MGM’s and NYRA Bet’s assets. Basically, the former will tap into the latter’s horse racing resources. This means you’ll get access to races from around the world.
Before we delve into what this means in practice, we need to explain what NYRA Bets does. First, it’s the online asset of the New York Racing Association. This nonprofit organization controls three of the largest racecourses in New York:
- Aqueduct Racetrack in South Ozone Park
- Belmont Park in Elmont
- Saratoga Racecourse in Saratoga Springs
The NYRA doesn’t just control these tracks. It also has an advance deposit wagering service. This service has been running since 2016 and allows the NYRA to offer horse racing bets to customers in 30 states. The nature of ADW is that customers have to have money in their accounts. In other words, you can’t bet on credit. As such, the NYRA created NYRA Bets for customers wanting to bet on races from around the world via their computer or iOS or Android mobile device.
BetMGM Racing software: Best features
NYRA’s collaboration with BetMGM means both companies will be bringing something to the party. The NYRA is bringing access to horse racing, while BetMGM is bringing the software and sports betting experience.
Indeed, MGM Resorts’ partnership with Entain, under the Roar Digital banner, means the app is packed with features that enhance the race betting experience. Here are some highlights of BetMGM Racing:
Easy access via any device
You can use BetMGM Racing via any device. As long as you’re in a state where the racebook is licensed and you’re old enough, you can bet on racing from almost anywhere in the world via your PC, Mac, iPhone, iPad or Android device.
Stats, tips and racing reviews
You won’t be short of information and insights at BetMGM Horse Racing. From recent results and form to the jockey’s weight, the horse’s rating (grade) and even the track’s conditions, you can learn everything about a race before it starts.
You’ll also be able to read about recent events, get previews of upcoming races and digest a few tips from betting experts via the BetMGM Racing blog. Although horse betting tips are subjective, they’re a great starting point. Indeed, when you combine these tips with objective statistical insights, you can start to refine your picks and, potentially, nab a few wins.
Streaming and video replays
You should be able to watch hundreds of live races each year via the BetMGM Racing app. Live streaming is a staple feature of NYRA Bets, and these streams cover all types of races. From US showdowns, such as the Belmont Stakes, to international races like the Grand National, you’ll have a variety of choices. And, if you’re unable to watch the live racing streams, there will be video replays so you can see exactly how things went down.
Is BetMGM Racing legal In NY?
Yes, it is. NYRA Bets is not only based in New York but also legal in 30 states. Therefore, through its partnership with BetMGM, you should be able to bet on domestic and international horse racing events from almost anywhere in the US.
Types of bets available at BetMGM Racing
If it’s a type of horse racing bet, you’ll be able to place it at BetMGM, from singles and parlays to exotics and exactas. What’s more, you can speculate on top races for less than $1. The only decisions you have to make are the horse you’re betting on and how specific you want your prediction to be. Here are some popular betting options:
- Single outright win bet: Predict the winner of a race.
- Each-way bet: Bet on a horse and win if that horse wins or finishes second or third. You could also make a profit if your pick finishes fourth or fifth, depending on how many horses are in the race.
- Parlay bet: Pick the winners of multiple races. If you pick the winner of two races, it’s known as a double. Picking the winner of three races is a treble. Anything over three races is a parlay or a “Pick 4,” for example.
The caveat with these bets is that every pick has to be correct. So, if you make a four-pick parlay, all four horses have to win their races. If one loses, the whole bet loses. This caveat means the odds for parlay bets can be large.
The final point to note here is that each-way parlays are possible. This means your picks can win or place. Alternatively, you may have the option to cash out your bet. This feature allows you to end the bet before its natural conclusion. The software will offer you a cash amount based on the status of your bet. If you accept, the bet ends and you receive the payout, regardless of future results.
- Exacta: This type of racing bet requires you to pick the top two horses in a single race. As the name suggests, you have to predict the exact finishing order to win.
- Trifecta: This bet is the same as an exacta except you need to choose the first three finishers in a single race instead of two.
- Superfecta: Like its counterparts, except this time you need to pick the top four horses in a race, in the correct order.
Sports you can bet on at BetMGM Racing in New York
The only sport you can bet on at BetMGM Racing is horse racing. The beauty of partnering with NYRA Bets is that BetMGM now has access to races from over 200 venues. As well as the top US horse racing events, you’ll be able to bet on races from Europe, Asia and the Middle East, such as these options and more:
- Preakness Stakes
- Belmont Stakes
- Kentucky Derby
- Grand National
- Royal Ascot
- Dubai World Cup
- Melbourne Cup
How to deposit and cash out on the BetMGM Racing app
Is your money safe on BetMGM Racing? Yes, it is. Not only is MGM a licensed, regulated and reputable betting company, so too is NYRA Bets. Add to this the international reputation for excellence Entain brings to the party, and your bankroll is in good hands at this site.
If that doesn’t fill you with confidence, you also have a couple of additional guarantees in place. For example, sports betting regulations in the US not only govern deposits and withdrawals, but the way that books store customer funds. The point here is that licensed books are legally obliged to store your money in separate accounts. That means they can’t touch your money, even if the company runs into financial issues.
In addition, your banking options are all regulated and reputable in their own right. Minimum deposits are $10 or more, and minimum withdrawals are $20 or more, using the following methods:
BetMGM Racing payment methods
- Online banking
- Electronic transfers
- VIP Preferred e-check
- M life Rewards Mastercard
Who runs BetMGM Racing?
MGM Resorts and Entain own BetMGM Racing. However, in order to gain access to the horse racing industry, the two have partnered with the NYRA. Both are licensed and regulated in the US, which means you’ll receive a top-quality, legal betting service.
Why join BetMGM Racing?
One reason to join is if you’re a fan of horse racing. As obvious as that sounds, it’s the truth. Sports betting is blowing up in the US, but very few sportsbooks have mastered the nuances of racing. The good news is that NYRA Bets has been in the racing business since 2016.
When you combine with this BetMGM’s experience in the online sports betting world, the end result is impressive. From great odds and offers to live streams, statistics and tips for races at more than 200 tracks, the partnership offers a variety of benefits.