In the United States, Caesars and BetMGM are among the largest sports betting platforms. The two sportsbooks rank among the top options available to bettors in the country. Both owned by hospitality giants, the two sportsbooks have created a notable presence in the highly competitive online sports betting space. They also have a brilliant record of investing heavily in promotions codes and loyalty bonuses, which is crucial in attracting new customers, as well as keeping the old ones happy.
Caesars
Caesars Entertainment's online sports betting arm, Caesars Sportsbook, is without a doubt a household name in the country’s sports betting industry. Caesars Entertainment has years of gaming and hospitality experience, and is one of the country's first sportsbook operators. It has since expanded widely across the United States to become one of the largest in the country. The company has operated retail casinos for decades within the State of Nevada and decided to diverge into online sport betting after the Supreme Court ruled against the federal ban. Caesars’ acquisition of William Hill in 2021 was crucial to its rebranding and eventual rise.
BetMGM
BetMGM was founded by Nevada-based MGM Resorts International and UK company Entain in 2018. The online sportsbook was previously known as PlayMGM, but quickly rebranded as BetMGM and set its path to success. MGM Resorts' partnership with Entain played a crucial role in the fast growth of BetMGM in the American sports betting industry. The UK-based firm owns household names in sports betting like Ladbrokes, Bwin, Coral, PartyPoker and Sportingbet. The proprietary technology offered by London-listed Entain, coupled with MGM market access, helped the sportsbook move straight to the top
Comparison of Caesars and BetMGM
We will examine the strengths and weaknesses of both sportsbooks as we compare them. Two heavyweights will compete in a variety of categories, including welcome offers, sports available, deposits and withdrawals, live betting, mobile apps, geographic coverage, and loyalty programs, among others. The winner in each category will be announced as the final verdict.
Welcome Offers
New customers at Caesars get a risk-free welcome bonus. Caesars sportsbook offers a $1,250 bet insurance for new customers on their first bet after signing up, the biggest welcome bonus in the country. If a bet ends up losing, Caesars provides a refund to the user up to a maximum of $1,250. Caesars also awards 1,000 Tier Credits and 1,000 Reward Credits to new users.
BetMGM offers its new users a welcome bonus in risk-free bets. The sportsbook provides bet insurance worth up to $1,000 to users on their first wager. New users have to deposit into their account and wager on a sporting event of choice. Users will be refunded their stake by BetMGM in the form of site credit up to a maximum of $1,000 if the bet ends up in a loss. However, the risk-free bet bonus has a one-time playthrough requirement.
Winner: Caesars
Available Sports
On Caesars and BetMGM Sportsbook, you can wager on a wide variety of sports. The two brands cover a wide range of sports and competitions in great detail. They both offer the option to wager on different sporting events in many countries across the globe. However, BetMGM covers sports in more detail, offering a broader market selection for bettors. This gives it an edge over Caesars in this contest.
Winner: BetMGM
Deposit and Withdrawal
Caesars and BetMGM both offer bettors several options to deposit funds into their account. These include online banking, debit and credit cards, eChecks, PayPal, etc. Caesar's minimum deposit of $20 is a bit high when compared to other sportsbooks in the country.
BetMGM users, on the other hand, can fund their account with a minimum of $10. Caesars’ withdrawals are paid out within 72 hours and it often gets completed between a day or two. BetMGM withdrawals, on the other hand, are generally processed within 2-3 banking days. However, some methods might take longer.
Winner: Caesars
Live Betting
There is a comprehensive live betting section on the platforms of Caesars and BetMGM for United States bettors. Bettors can navigate live betting pretty easily on both sportsbooks, and the lines are updated on a regular basis to keep pace with the current situation. While BetMGM offers more coverage of live sports and events, Caesars offers a slightly faster live betting service, enabling bettors to make precise betting decisions right away.
Caesars' live stream is, however, not available on its app. Live streaming of games in the country's top sports leagues like MLB, NHL, NBA, etc is available on both platforms. Caesars recently became the first American sportsbook to broadcast an NFL game.
Winner: BetMGM
Mobile App
Caesars and BetMGM both provide users with sports betting apps, which are available on Android and iOS devices. Caesars mobile app has an average user rating of 4.3 on Google Play and 4.6 on the Apple App Store while the BetMGM app is rated 4.5 on Google Play and 4.8 on the Apple App Store. The BetMGM app wins the battle over Caesars here with more positive user reviews around the United States. The BetMGM app also offers an elegant and easy-to-navigate interface. Caesars doesn't bring many features into its mobile app, it lacks a bet-editor and offers no live streaming of games.
Winner: BetMGM
Geographical Coverage
Caesars and BetMGM are widely available to bettors in several legal sports betting states across the country. The two sportsbooks operate in the same number of states, and the states are also identical. Both sportsbooks are available online to bettors located in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, New Jersey, New York, Nevada, Ohio, Pennsylvania, Tennessee, Virginia, Washington DC, West Virginia, and Wyoming.
Winner: Tie
Loyalty Programs
Caesars and BetMGM operate quite similar loyalty programs to keep bettors glued to their platforms. Bettors earn points that get accumulated for wagering on sporting events and casino games on both sportsbooks. Caesars Reward and MGM Reward can be traded for free bet credit and other bonuses. Caesars have an edge in terms of easy redemption rates and wider coverage. Caesars Reward points can be redeemed at more than 50 retail casinos compared to BetMGM’s 32 MGM Resorts venues. Rewards can be traded for a couple of cool benefits including luxury dining, sports game tickets and many more.
Winner: Caesars
Caesars vs BetMGM FAQs
Are both Caesars and BetMGM legal?
Caesars and BetMGM are legally licensed sportsbook operators in the United States. The two sportsbooks maintain operations in many legal sport betting states in the country.
Who owns Caesars and BetMGM?
Caesars sportsbook is totally owned by Caesars Entertainment, which was formerly known as Eldorado Resorts, Inc, while BetMGMis co-owned by Nevada-based MGM Resorts International and United Kingdom-based Entain.
When did Caesars and BetMGM kickstart operations?
Caesars operated within the state of Nevada during the Professional and Amateur Sports Protection Act (PASPA) years. It expanded business outside the state in 2018 after the Supreme Court ruling. BetMGM was founded in 2018 through a partnership aimed at taking advantage of the market opportunities presented by the overturn of the federal ban.
Who pays out faster - Caesars or BetMGM?
Caesars sportsbook’s withdrawals are processed within 72 hours, and in most cases, it is completed within a day or two. BetMGM, on the other hand, processes withdrawal requests within 3-5 business days. Caesars significantly offers a much faster withdrawal than BetMGM.
Is Live Betting available on Caesars and BetMGM?
Live Betting is available to bettors on Caesars and BetMGM sportsbooks. The two books give bettors the opportunity to wager live across several sports markets. The two betting platforms give users the opportunity to stream live games in order to get real-time updates.
Which Sportsbook has the wider coverage - Caesars or BetMGM?
Caesars and BetMGM have one of the widest coverages in the country. They are both available in an equal number of territories across the United States. The two sportsbooks operate in 18 states and the District of Columbia.
What is the Legal Betting Age on Caesars and BetMGM?
The two sportsbooks duly follow the regulatory body's stipulation on how old an individual must be before they are legally allowed to place a bet. In most states where sport betting is legal, individuals who are 21 years or older can wager on sportsbooks.
Do Caesars and BetMGM operate a mobile app?
Both Caesars and BetMGM provide users a top-rated mobile app for sports betting. The apps can be downloaded by users on both the Apple App Store and Google Play. The two mobile apps offer users premium betting experience and are equipped with all features and functionality available on the sportsbooks' websites.
Do Caesars and BetMGM offer different ways to deposit?
Caesars and BetMGM offer users across the country eight different methods to deposit funds into their account, which include online banking, PayPal, eCheck, Play+, etc. Deposits on both sportsbooks are instant and seamless.
Where are Caesars and BetMGM headquartered?
The two sportsbooks have their business headquarters within the shores of the United States. Caesars operates from the city of Reno, Nevada, while BetMGM is based in Jersey City, New Jersey.
