BetMGM Bonus Code COVERS50: Get $1,500 Bonus for NBA, NHL Playoffs, MLB Games on Thursday

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor 3+ years betting experience
Updated: Apr 23, 2026 , 08:15 AM ET • 3 min read

Use BetMGM bonus code COVERS50 for Thursday's NBA/NHL playoffs and MLB action. Get up to $1,500 back or $150 bonus bets plus rewards.

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

Thursday's action-packed sports slate featuring NBA and NHL playoff games alongside MLB matchups presents an excellent opportunity to claim the BetMGM bonus code offer. New users can enter promo code COVERS50 to unlock either a $1,500 First Bet protection in most states or a Bet $10, Get $150 promotion in select markets, both including $50 in BetMGM Rewards Points.

With today's compelling lineup of games on April 23, bettors can target exciting matchups like Yankees vs. Red Sox or the tied NBA playoff series between the Knicks and Hawks. These generous sportsbook promos provide substantial value for wagering on today's premium sporting events.

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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 Offers for NBA Playoffs and MLB Thursday Games

The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on your location, both perfect for Thursday's loaded sports schedule. In most states where BetMGM operates, new users receive First Bet protection up to $1,500, meaning if your initial wager loses, you'll get the full amount back in bonus bets. Meanwhile, users in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia can claim a Bet $10, Get $150 offer that awards bonus bets when their qualifying wager wins.

Both promotions include $50 in BetMGM Rewards Points, which can be redeemed for bonus credits for digital play, MGM Rewards Points, Marriott Bonvoy Points, merchandise, or Gametime Vouchers. For example, if you place a $1,500 bet on the Knicks to cover the spread against the Hawks and lose, you'd receive five $300 bonus bets totaling $1,500. Alternatively, a $10 winning bet on the Yankees moneyline in the smaller markets would earn you $150 in bonus bets plus your original winnings.

Key terms include:

  • Minimum $10 deposit required for both offers
  • Bonus bets expire seven days after issuance
  • First Bet offer available until April 30, 2026
  • Promo code COVERS50 must be entered during registration

The timing couldn't be better with the NBA playoffs heating up as series like Timberwolves vs. Nuggets remain deadlocked at 1-1, while the NHL playoffs feature equally compelling matchups including the Bruins and Sabres tied series. MLB's regular season action adds another layer with classic rivalries like Dodgers vs. Giants taking center stage.


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 Welcome Bonus for Thursday's Games

Claiming either BetMGM welcome offer requires following a straightforward registration process that gets you ready to bet on today's exciting slate of games.

  1. Download the BetMGM app or visit their website and click the registration link
  2. Complete the sign-up process with your personal information and enter bonus code COVERS50
  3. Make a minimum $10 deposit using your preferred payment method
  4. Place your qualifying bet on any of Thursday's games, such as the Cavaliers vs. Raptors playoff matchup or the Phillies vs. Cubs MLB game
  5. Receive your bonus bets if your wager loses (First Bet offer) or wins (Bet $10, Get $150 offer)
  6. Collect your $50 in BetMGM Rewards Points regardless of your bet's outcome

Whether you're targeting the high-stakes NBA playoff action or prefer the steady rhythm of MLB games, both BetMGM offers provide excellent value for new users. The First Bet protection allows for larger wagers on favorites like the Cavaliers extending their series lead, while the guaranteed bonus bet offer works perfectly for smaller plays on underdogs or prop bets. Read our comprehensive BetMGM bonus review for additional insights into maximizing these welcome offers.


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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