BetMGM Bonus Code COVERS50: Claim $50 Reward Points + a $1,500 First Bet for the PGA Championship

The BetMGM bonus code COVERS50 unlocks two strong welcome offers just in time for the PGA Championship, which tees off Thursday, May 14. New users in most states can claim a $1,500 First Bet offer, while bettors in CO, MI, NJ, PA, and WV can opt for a Bet $10, Get $150 deal instead. Both offers also come with $50 in BetMGM Rewards Points, and you can find more sportsbook promos to compare before signing up.

$1,500 First Bets
COVERS50

Claim $1,500

Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

Win $150

BetMGM Bonus Code COVERS50: How the PGA Championship Offer Works

Using the BetMGM bonus code COVERS50 at registration activates one of two welcome offers, depending on your state. In most eligible states, you receive a First Bet offer worth up to $1,500, meaning if your first wager on the PGA Championship loses, BetMGM returns your entire stake in bonus bets. If you wager $50 or more and lose, those bonus bets are issued as five separate credits, each worth 20% of your original stake. For example, a $1,500 losing bet on Scottie Scheffler to win outright would return five $300 bonus bets. If you wager less than $50, you receive a single bonus bet equal to your stake.

Bettors in CO, MI, NJ, PA, and WV have access to a different offer: Bet $10, Get $150 in bonus bets if your first wager wins. Place a $10 bet on Rory McIlroy to contend at Aronimink, and if he comes through, you pocket your winnings plus $150 issued as three $50 bonus bets. Regardless of the outcome under either offer, every new user receives $50 in BetMGM Rewards Points instantly upon signing up.

Those Rewards Points are part of BetMGM's broader loyalty program and can be redeemed in several ways, including bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers for live events. Key terms to keep in mind for both offers include the following:

• A minimum $10 deposit is required to qualify.
• Bonus bets expire seven days from issuance.
• BetMGM does not return your stake when using bonus bets.
• Both offers expire at 11:59 p.m. ET on April 30, 2026.
• The $1,500 First Bet is available in AZ, CO, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, and WY.
• The Bet $10, Get $150 offer is exclusive to CO, MI, NJ, PA, and WV.

Check if you can use our BetMGM bonus code in your state

Best BetMGM PGA Championship Boosts

 All Users

• Get an odds boost for any PGA Championship bet
• Get your stake back in cash if your bet on a golfer to win the PGA Championship finishes 2nd place

Check out all BetMGM odds and profit boosts for today.

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How to Claim Your $1,500 First Bet or Bet $10, Get $150 for the PGA Championship

Claiming either BetMGM welcome offer ahead of the PGA Championship is straightforward. Follow these steps to get started:

1. Download the BetMGM app or visit the BetMGM website and click the sign-up button to begin registration. Have your name, address, email address, and driver's license ready to speed up the process.
2. Enter the BetMGM bonus code COVERS50 when prompted during registration. Skipping this step will void the welcome offer, so make sure the code is applied before completing sign-up. Your $50 in BetMGM Rewards Points will be credited instantly.
3. Make a minimum $10 deposit using any accepted payment method, including Visa, Mastercard, debit cards, PayPal, Skrill, bank transfers, or Play+.
4. Place your first real-money wager on the PGA Championship. Options include outright winner markets, first-round leader bets, top-five or top-10 finishes, head-to-head matchups, or player prop bets for the week at Aronimink.
5. If you are in most eligible states and your bet loses, BetMGM will return your stake up to $1,500 in bonus bets. If you are in CO, MI, NJ, PA, or WV and your bet wins, you will receive $150 in bonus bets on top of your winnings. Either way, your $50 in Rewards Points are already in your account.
6. Use any bonus bets within seven days of issuance. Winning cash bets are withdrawable immediately, but bonus bet payouts must be played through before a withdrawal is available.

For a full breakdown of terms and user experience, check out the BetMGM bonus review before signing up.