The 2026 Masters promises to be one of golf's most compelling tournaments, and new users can enhance their viewing experience with the BetMGM bonus code COVERS50. This exclusive offer provides two options: a $1,500 First Bet in most states or $150 in bonus bets plus $50 BetMGM Rewards Points in select states. With Scottie Scheffler, Rory McIlroy, and Jon Rahm headlining the field at Augusta National, Wednesday, April 8 marks the perfect time to claim these sportsbook promos and bet on golf's most prestigious event.
COVERS50
COVERS50
BetMGM Bonus Code Offers Two Paths for Masters Betting
The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on your location. New users in Arizona, Colorado, District of Columbia, Iowa, Illinois, Indiana, Louisiana, Kansas, Kentucky, Massachusetts, Maryland, North Carolina, Ohio, Tennessee, Virginia, and Wyoming can claim the $1,500 First Bet offer. Meanwhile, bettors in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia receive $150 in bonus bets when their first $10 wager wins, plus $50 BetMGM Rewards Points regardless of the outcome.
For the $1,500 First Bet offer, you must make a minimum $10 deposit and place your first real money wager to activate the bonus. If your initial bet on The Masters loses, you receive your entire stake back up to $1,500 in bonus bets, which expire after seven days. For example, if you bet $500 on Scottie Scheffler to win The Masters and he finishes second, you would receive five bonus bets worth $100 each. If you win your bet on McIlroy defending his title, you keep your winnings and can withdraw them immediately.
The alternative offer in select states provides $150 in bonus bets when your qualifying $10 wager wins, issued as three $50 bonus bets that expire in seven days. Both offers include $50 in BetMGM Rewards Points, which can be redeemed for:
- Bonus credits for digital play at BetMGM
- MGM Rewards Points
- Marriott Bonvoy Points
- Merchandise
- Gametime Vouchers
Additional BRP information is available at https://www.nj.betmgm.com/en/p/betmgmrewards. Both offers expire at 11:59 p.m. ET on April 30, 2026.
Check if you can use our BetMGM bonus code in your state
| BetMGM Bonus Code | Eligible States |
| COVERS50 | AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MO, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR) |
| COVERSBONUS | MI, NJ, PA, WV |
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How to Claim Your Masters Betting Bonus
Claiming either BetMGM welcome offer for The Masters requires following these simple steps:
- Download the BetMGM app and click to register with BetMGM Sportsbook
- Enter the BetMGM promo code 'COVERS50' during registration to unlock both offers
- Verify your identity with personal information and driver's license
- Make a minimum $10 deposit using credit cards, debit cards, bank transfers, Play+, Skrill, or PayPal
- Place your first wager of at least $10 on any Masters market, including outright winner, top-5 finishes, or head-to-head matchups
- Receive your bonus bets if your first bet loses (main offer) or wins (select states), plus $50 BetMGM Rewards Points
Whether you back defending champion McIlroy to repeat or favor Scheffler to reclaim his green jacket, both offers provide excellent value for The Masters. Read our comprehensive BetMGM bonus review for complete details on terms and conditions.
More BetMGM Sportsbook promos, bonuses, and offers
- Welcome to MGM Rewards: Earn MGM Rewards Points and redeem them for hotel stays, dining, entertainment, and more.
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Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.
