The BetMGM bonus code COVERS50 unlocks two strong welcome offers for new users ahead of Saturday's packed MLB and WNBA slate on Aug. 1. Most states can claim a $1,500 First Bet, while new users in CO, MI, NJ, PA, and WV can opt for the Bet $10, Get $150 offer instead.
Both deals also come with $50 in BetMGM Rewards Points, and no matter which offer fits your state, today's 15-game MLB board and two WNBA matchups give you plenty of ways to put it to work. Check out all available sportsbook promos to see how BetMGM stacks up.
COVERS50
COVERS50
BetMGM Bonus Code COVERS50: How the $1,500 First Bet and Bet $10, Get $150 Offers Work
The BetMGM bonus code COVERS50 gives new users access to one of two welcome offers depending on their state. In most states, the $1,500 First Bet offer means that if your first wager loses, BetMGM returns your entire stake in bonus bets up to $1,500. If you wager more than $50 and lose, those bonus bets are issued as five separate credits each worth 20 percent of your original stake. For example, a $1,500 losing bet on Red Sox-Dodgers tonight would return five $300 bonus bets. If you wager $50 or less and lose, you receive a single bonus bet for that amount. Bonus bets expire seven days from issuance.
New users in CO, MI, NJ, PA, and WV have a different path available. The Bet $10, Get $150 offer rewards a winning first bet with $150 in bonus bets issued as three $50 credits, also expiring after seven days. A minimum $10 deposit is required to qualify under either offer. Regardless of which offer applies to your state, and regardless of whether your first bet wins or loses, every new user who enters the BetMGM bonus code COVERS50 receives $50 in BetMGM Rewards Points instantly upon sign-up.
BetMGM Rewards Points are a real perk worth understanding. They can be used as bonus credits for digital play at BetMGM, converted to MGM Rewards Points or Marriott Bonvoy Points, or redeemed for merchandise and Gametime Vouchers. Key terms to keep in mind include the following:
- Minimum $10 deposit required to activate either welcome offer
- First Bet offer available in AZ, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, and WY
- Bet $10, Get $150 available in CO, MI, NJ, PA, and WV only
- Bonus bets expire seven days after issuance
- BetMGM does not return your stake when using bonus bets
- You must not be 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 Welcome Offer for the Aug. 1 MLB and WNBA Slate
Claiming your BetMGM welcome offer before Saturday's action is straightforward. Follow these steps to get started and place your first bet on today's MLB or WNBA slate.
- Download the BetMGM app and explore the platform to get comfortable with navigation, banking options, and available markets before registering.
- Register for a new account at BetMGM Sportsbook. Have your personal information ready, including your name, address, email address, and driver's license for identity verification.
- Enter the BetMGM bonus code COVERS50 during registration. 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 any available payment method, including Visa, Mastercard, debit cards, bank transfers, PayPal, Skrill, or Play+.
- Place your first real-money wager on any market available for today's slate. Options include moneylines, point spreads, totals, player props, same-game parlays, and live betting across games like Yankees-Cubs, Rangers-Astros, Red Sox-Dodgers, Aces-Sky, or Liberty-Mercury. 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.
- Winning bets are immediately withdrawable. Bonus bets must be played through before any payout from them is available. BetMGM does not return your stake when using bonus bets.
For a full breakdown of the welcome offer and platform details, read the complete 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.
