BetMGM Bonus Code COVERS50: Make $1.5K First Bet on NBA & NHL Playoff Games, WNBA, MLB

The BetMGM bonus code COVERS50 unlocks two strong welcome offers for new users looking to get in on Monday's packed sports slate, which includes NBA and NHL playoff action, WNBA, and MLB on May 18. Most states can claim a $1,500 First Bet, while new users in CO, MI, NJ, PA, and WV can Bet $10 and Get $150 if it wins. Both deals also come with $50 in BetMGM Rewards Points just for signing up. Check out all available sportsbook promos to see how BetMGM stacks up heading into a loaded postseason week.

$1,500 First Bets
COVERS50

Claim $1,500

Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

Win $150

BetMGM Bonus Code COVERS50: $1,500 First Bet for NBA & NHL Playoffs

The BetMGM bonus code COVERS50 gives new users in most eligible states access to a $1,500 First Bet offer, meaning if your first wager loses, you get your entire stake back in bonus bets, up to $1,500. That is one of the highest first-bet protections available among major sportsbooks, and it applies to any market, including NBA playoff moneylines, NHL playoff puck lines, WNBA totals, or MLB run lines.

For example, if you place a $200 bet on an NBA playoff game Monday night and it loses, BetMGM will return $200 in bonus bets. If you wager $1,500 and lose, you receive five bonus bets worth $300 each, totaling $1,500. Wagers of $50 or more result in five separate bonus bets, each worth 20% of your qualifying stake, while wagers under $50 return a single bonus bet.

New users in CO, MI, NJ, PA, and WV have access to a different offer: Bet $10, Get $150 in bonus bets if your first wager wins. That $150 is issued as three $50 bonus bets. No matter which offer applies to your state, both deals include $50 in BetMGM Rewards Points delivered instantly upon sign-up.

BetMGM Rewards Points are part of BetMGM's loyalty program and can be redeemed for a range of benefits, including bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. More details are available at the BetMGM Rewards page.

• New users only; minimum $10 deposit required to activate either offer
• $1,500 First Bet 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 (offer activates only if first bet wins)
• Bonus bets expire seven days from issuance; stake is not returned when using bonus bets
• $50 BetMGM Rewards Points issued instantly upon registration with code COVERS50
• Offer valid through April 30, 2026, at 11:59 p.m. ET
• Not available to users on self-exclusion lists

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How to Claim Your $1,500 First Bet or Bet $10, Get $150 With BetMGM

Claiming your BetMGM welcome offer is straightforward. Follow these steps to get started before Monday's NBA and NHL playoff games tip off and drop the puck:

1. Download the BetMGM app or visit the BetMGM website to begin registration. Have your name, address, email address, and driver's license ready to speed up the process.
2. Enter the BetMGM bonus code COVERS50 during sign-up. This step is required to unlock either welcome offer and to receive your $50 in BetMGM Rewards Points instantly.
3. Make a minimum deposit of $10 using one of BetMGM's accepted payment methods, including Visa, Mastercard, PayPal, Skrill, Play+, or bank transfer.
4. Place your first real-money wager on any available market. For Monday's action, consider NBA playoff spreads, NHL playoff totals, WNBA moneylines, or MLB player props. 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.
5. Winning cash bets are immediately withdrawable. Bonus bets must be played through before any payout is available, and BetMGM does not return your stake on bonus bet wagers.

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