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The 2025 Nathan's Hot Dog Eating Contest is headlined by the return of Joey Chestnut, and bettors can wager on the Fourth of July spectacle with the latest BetMGM bonus code CBSSPORTS. Joey Chestnut, a 16-time champion, returns this year after being banned from last year's edition due to a sponsorship. Chestnut is a whopping -2500 favorite (risk $2,500 to win $100) in the 2025 Nathan's Hot Dog Eating Contest odds from BetMGM Sportsbook, while 2024 champion Patrick Bertoletti is second on the hot dog eating odds board at 16-1. The BetMGM bonus code CBSSPORTS awards new users up to $1,500 back in bonus bets if their first bet loses. 

If you want to learn more about the BetMGM bonus code, other sportsbook promos, or 2025 Nathan's Hot Dog Eating Contest prop betting options on betting sites like BetMGM, we've got you covered.

How to claim the BetMGM bonus code 

After clicking the deposit button in the app, there is a box along with the deposit information with the label "Got a bonus code?" Enter your bonus code CBSSPORTS before completing your deposit. Here's how to sign up.

  1. Those interested can click the CLAIM BONUS button on this page to navigate to BetMGM Sportsbook
  2. After downloading the app, click the SIGN UP button.
  3. Begin creating a BetMGM Sportsbook account. Use promo code CBSSPORTS during sign-up to lock up to $1,500 in bonus bets if your first wager loses.
  4. Allow BetMGM Sportsbook to use your location. You must be physically located in a legal sports betting state to bet. 
  5. Users must deposit $10 or more. 
  6. If the first qualifying bet wins, you get paid in cash. If it loses, you will get the amount you wagered in bonus bets, up to $1,500.

The bonus bet amount is equal to the stake you lost on the first bet, up to $1,500. Bonus bets should be received shortly after the first bet is lost. If your first bet wins, it gets paid out like any other bet. If the initial bet was $49 or less, you'll get one bonus bet equal to the original stake. If the bet was $50 or larger, you will receive five bonus bet tokens, each worth 20% of the initial bet. Bonus bets cannot be withdrawn and expire seven days after they are issued. Additionally, they have a 1x playthrough requirement.

BetMGM bonus code comparison

Here's a look at how the latest BetMGM bonus code compares to other sportsbook promos.

Brand Promo  CBS promo code
DraftKingsBet $5, get $150 in bonus bets None required
BetMGMUp to $1,500 in bonus bets if your first bet losesCBSSPORTS
CaesarsBet $1, double your winnings on your next 10 betsCBSDYW
FanaticsBet and get up to $1,000 in No Sweat BetsNone required
FanDuelBet $5, get $150 in bonus bets if your bet wins  None required
bet365Bet $5, get $150 in bonus bets win or loseCBSBET365

The FanDuel promo code, bet365 bonus code and DraftKings promo code all give users bonus bets after making a wager. FanDuel is giving out $150 in bonus bets if the first wager wins. DraftKings and bet365 are also offering $150 in bonus bets, but users get those funds regardless of the outcome of their initial wager.

The Fanatics Sportsbook promo code is similar to the BetMGM bonus code. It gives users up to $1,000 in bonus bets over 10 days. Users must wager $100 per day for 10 days in a row to be eligible for the full amount. Users receive bonus bets only if their initial bets lose. 

The Caesars Sportsbook promo code features profit boosts instead of bonus bets. Users who wager $1 with the sportsbook will get 10 100% profit boosts.

2025 Nathan's Hot Dog Eating Contest betting odds, preview 

Chestnut has dominated the 10-minute event for nearly two decades, winning 16 of the last 17 editions he has competed in. He was banned from the contest last year due to his partnership with Impossible Foods, a rival brand of Nathan's. Those issues appear to be resolved, so Chestnut is set to return as a massive favorite.

Bertoletti is viewed as Chestnut's top competition at 16-1 after his 2024 victory, but he will likely have to perform much better than his 58-hot dog total from last year. Chestnut holds the record of 76 hot dogs from 2021, and his over/under for hot dogs eaten this year is 71.5 at BetMGM. Additionally, bettors can wager on an alternate line of 76.5 for Chestnut, with the Over priced at +250.

For any bettors expecting a shockingly disappointing showing from the 16-time champion, the field is +900 to beat Chestnut. There are totals for several other competitors as well, including Bertoletti at 50.5. The winner of the contest receives the mustard belt and $10,000.

Friday's festivities begin with the women's contest at 10:45 a.m. ET, followed by the men's contest at noon ET. BetMGM is not offering odds on the women's event, but unbeaten 10-time champion Miki Sudo has an over/under of 44.5 hot dogs.

Responsible Gaming at BetMGM

BetMGM offers several responsible gambling tools for users. Beyond that, BetMGM offers "GameSense," which is a variety of documentation discussing their value, explaining odds and helping to identify signs of problem gambling. The tools available include deposit limits, time limits and loss limits. If you think you may have a gambling problem, you can call or text 1-800-GAMBLER.