New users can use BetMGM bonus code COVERS50 to claim one of two welcome offers in time for Saturday, May 2, with plenty of action to bet on across the NBA, NHL, and MLB. Depending on your state, you can claim a $1,500 First Bet or a Bet $10, Get $150 offer, plus $50 in BetMGM Rewards Points in either case. Both deals are available through sportsbook promos and are designed to give new bettors a strong start heading into a loaded weekend of sports.
COVERS50
COVERS50
BetMGM Bonus Code COVERS50: Up to $1,500 Back on Your First Bet
The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on where you live. In most eligible states, including AZ, IL, IN, MA, MD, NC, OH, TN, VA, and others, new users get a $1,500 First Bet, meaning if your first wager loses, you receive your full stake back in bonus bets, up to $1,500. If you wager $50 or more and lose, BetMGM issues five bonus bets each worth 20% of your original stake. For example, a $1,500 losing bet on the Celtics vs. 76ers Game 7 would return five $300 bonus bets totaling $1,500. If you wager less than $50, you receive a single bonus bet equal to your stake.
In CO, MI, NJ, PA, and WV, the offer works differently. Place a $10 minimum wager and if it wins, you receive $150 in bonus bets issued as three $50 bonus bets. Whether your bet on the Flyers vs. Hurricanes Game 1 or the Orioles vs. Yankees wins or loses, you still receive $50 in BetMGM Rewards Points just for signing up with code COVERS50. Bonus bets in both offers expire seven days from issuance and cannot be withdrawn directly. Winning bets placed with real money are immediately withdrawable, but bonus bets must be used before any payout is accessible. Both offers require a minimum $10 deposit and are available to new users only. The deadline to claim either offer is April 30, 2026, at 11:59 p.m. ET.
BetMGM Rewards Points are not just a small perk. They can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers, making them a genuinely valuable addition to either welcome offer.
- Minimum $10 deposit required
- $1,500 First Bet available in AZ, CO, DC, IA, IL, IN, KS, KY, LA, MA, MD, NC, OH, TN, VA, WY
- Bet $10, Get $150 available in CO, MI, NJ, PA, WV
- $50 BetMGM Rewards Points awarded instantly upon sign-up in all eligible states
- Bonus bets expire seven days from issuance
- Offer expires April 30, 2026, at 11:59 p.m. ET
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 Offer for Saturday's NBA, NHL, and MLB Games
Claiming your welcome offer ahead of Saturday's packed slate is straightforward. Follow these steps to get started with either the $1,500 First Bet or the Bet $10, Get $150 offer using BetMGM bonus code COVERS50.
- Download the BetMGM app or visit the BetMGM website to begin the registration process. Have your personal information ready, including your name, address, email address, and driver's license for identity verification.
- Enter the BetMGM promo code COVERS50 during sign-up. This step is required to unlock either welcome offer and to receive your $50 in BetMGM Rewards Points instantly. Skipping the code will void the offer.
- Make a minimum $10 deposit using one of BetMGM's accepted payment methods, including Visa, Mastercard, debit cards, PayPal, Skrill, bank transfers, or Play+.
- Place your first wager on any available market. Saturday's slate includes the Celtics vs. 76ers Game 7, Flyers vs. Hurricanes Game 1, Orioles vs. Yankees, Diamondbacks vs. Cubs, and Reds vs. Pirates. You can bet moneylines, spreads, totals, player props, same-game parlays, and more.
- If you are in most eligible states and your bet loses, you will receive your stake back in bonus bets up to $1,500. If you are in CO, MI, NJ, PA, or WV and your $10 bet wins, you will receive $150 in bonus bets. Either way, your $50 in BetMGM Rewards Points are already in your account.
- Use your bonus bets within seven days. Remember that BetMGM does not return your stake when using bonus bets, and bonus bets must be used before any payout is accessible.
For a full breakdown of terms and what to expect from the platform, check out the BetMGM bonus review.
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.
