BetMGM Bonus Code COVERS50: Claim $1.5K First Bet Bonus for Panama vs. England on Saturday

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor 3+ years betting experience
Updated: Jun 27, 2026 , 01:15 PM ET • 3 min read

Use BetMGM bonus code COVERS50 for up to $1,500 back + $50 Rewards Points. Bet on Panama vs. England Saturday!

Photo By - Use BetMGM bonus code COVERS50 to get up to $1,500 bonus bets back if your first bet loses.

New users can claim one of the best sportsbook promos available by using the BetMGM bonus code COVERS50 ahead of Panama vs. England on Saturday, June 28. Depending on your state, you can get a $1,500 First Bet offer or, if you are in CO, MI, NJ, PA, or WV, a Bet $10, Get $150 offer.

 Either way, all new users also receive $50 in BetMGM Rewards Points instantly. Click any link in this article to claim up to $1,500 and get in on the action.

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$1,500 First Bets
COVERS50
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Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

BetMGM Bonus Code COVERS50: How the Panama vs. England Offer Works

The BetMGM bonus code COVERS50 unlocks two different welcome offers depending on where you live. In most eligible states, you receive the $1,500 First Bet offer. In CO, MI, NJ, PA, and WV, you receive the Bet $10, Get $150 offer. Both offers also come with $50 in BetMGM Rewards Points delivered instantly upon sign-up.

For the $1,500 First Bet offer, place your first wager on Panama vs. England. If it wins, you keep the winnings. If it loses, you receive your stake back in bonus bets, up to $1,500. Wagers above $50 are returned as five bonus bets, each worth 20% of your qualifying stake. For example, a $1,500 losing bet on England to win would return five $300 bonus bets. Wagers of $50 or less are returned as a single bonus bet. Bonus bets expire seven days from issuance.

For the Bet $10, Get $150 offer in CO, MI, NJ, PA, and WV, place a minimum $10 wager on the match. If your bet wins, you receive $150 in bonus bets issued as three $50 bonus bets, in addition to your normal winnings. Those bonus bets also expire after seven days. The $50 in BetMGM Rewards Points are awarded regardless of outcome under both offers.

BetMGM Rewards Points are not cash but carry real value. They can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. Full details on redemption options are available at the BetMGM Rewards page.

The offer is available to new users only, and you must not appear on any self-exclusion lists to participate.


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 BetMGM First Bet for Panama vs. England

Follow these steps to sign up with the BetMGM bonus code COVERS50 and place your first bet on Panama vs. England. Both the $1,500 First Bet and the Bet $10, Get $150 offers follow the same registration process.

  1. Download the BetMGM app or visit the BetMGM website. Familiarize yourself with the available markets, banking options, and navigation before registering.
  2. Click any link in this article to begin registration. Have your personal information ready, including your name, address, email address, and driver's license for identity verification.
  3. Enter the BetMGM bonus code COVERS50 during sign-up. This step is required to unlock the welcome offer and your $50 in BetMGM Rewards Points. Skipping the code will void the promotion.
  4. Make a minimum $10 deposit using any accepted payment method. Options include Visa, Mastercard, debit cards, bank transfers, Play+, Skrill, and PayPal.
  5. Place your first real-money wager on Panama vs. England. You can bet the moneyline, a spread, the total goals, or any available player prop. If you are in most states and your bet loses, you receive bonus bets back up to $1,500. If you are in CO, MI, NJ, PA, or WV and your bet wins, you receive $150 in bonus bets on top of your winnings.
  6. Winning bets are withdrawable immediately. Bonus bets must be played through before any payout is available. Note that BetMGM does not return your stake when using bonus bets.

For a full breakdown of terms and past user experiences, read the BetMGM bonus review before signing up.


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.

Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

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.

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Luc LeBlanc
Content Editor

Luc has been passionate about sports since he was a child, playing competitive hockey and staying closely tuned to professional leagues. Today, he brings that same energy to his work as a Content Editor, covering NHL games, player props, and betting trends with a sharp, analytical eye.

Since 2023, Luc has been writing picks and analysis for various publications, helping readers discover value in several major sports. While hockey is his specialty, he also closely follows tennis, keeping up with both the ATP and WTA Tours.

A graduate of Saint Mary’s University (BSc, Geography, 2025), Luc approaches sports betting the way he approaches maps and statistics by looking for patterns, trends, and angles that give him an edge. He focuses on research-backed and well-informed picks, spotting correlations, and finding the best opportunities in player props and game markets.

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