If you're signing up at BetMGM Sportsbook for any ongoing NBA or NHL playoff series on Monday, you can pick between two welcome bonus offers that are ongoing.

There is a 20% deposit match of up to $1,600 by using the BetMGM bonus code TOPTAN1600 or a $1,500 first bet on the house with the BetMGM bonus code TOPACTION.

You can access both of these offers in all live BetMGM Sportsboook states except for NY, NV, or Washington D.C.

Get started using the links below and keep reading for more clarity on how they work.

The deposit match at BetMGM entails a 20% offer, necessitating an $8,000 deposit to unlock the full $1,600 sports bonus. This promotion comes with a 10x rollover requirement, mandating that you wager ten times your bonus amount within 30 days before withdrawing any winnings.

On the other hand, with BetMGM's first bet on the house, you can wager up to $1,500 on any event. If your initial bet loses, you'll receive the equivalent amount back in bonus bets. However, if your first bet wins, you won't qualify for this bonus.

Once you have secured bonus bets, make sure to use them on a plus-money prop. It's how you can best take advantage of the opportunity from a mathematical sense.

Looking at Monday's slate, let's use an Anytime Goal Scorer NHL player prop to explain what you can expect with bonus value.

The Edmonton Oilers and Los Angeles Kings get started on their playoff campaign in Game 1 at 10 p.m. ET.

We are looking for Zach Hyman to pot a goal in the matchup after a standout season, topping the Edmonton team with an impressive 54 goals, marking a career high for him.

Although many of his goals were from close range thanks to Connor McDavid's setups, the sheer number underscores his impact. Against a defensively sound team like Los Angeles, McDavid's performance becomes crucial, with Hyman likely benefiting the most from his play.

So, if I placed $100 in sports bonus on Hyman to score at +145, that would be a $145 total payout in real cash if he converts, but $0 if he doesn't.

1. Click here and select your state. Click "Register" in the top right corner to begin registration.

2. Enter your details to create a new account

3. Accept the Terms & Conditions, set security questions, and confirm your age and eligibility.

4. Make an initial deposit using online banking, PayPal, a credit card, or another funding option.

5. You will get your first deposit matched 20% to unlock up to $1,600 in Sports Bonus with the BetMGM bonus code after successfully navigating the BetMGM login process.

21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Participants must complete the Wagering Requirements and satisfy the (10x) playthrough requirement. Visit BetMGM.com for Terms & Conditions.

Must be 21+ and present in North Carolina. Full T&C apply. Gambling problem? Call 877-718-5543 or visit morethanagame.nc.gov