The BetMGM bonus code COVERS50 unlocks two outstanding welcome offers for new users ready to bet on a stacked Saturday of sports, including the NBA Finals, French Open, MLB, and WNBA on June 6. New users in most states can claim a $1,500 First Bet, while bettors in CO, MI, NJ, PA, and WV can opt for the Bet $10, Get $150 offer. Either way, every new user receives $50 in BetMGM Rewards Points instantly.
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COVERS50
COVERS50
BetMGM Bonus Code COVERS50: $1,500 First Bet or Bet $10, Get $150
Using the BetMGM bonus code gives new users access to one of two welcome offers depending on their state. In most eligible states, including AZ, IL, IN, MA, NC, and others, new users receive a $1,500 First Bet, meaning if your first wager loses, BetMGM returns your entire stake in bonus bets up to $1,500. For example, if you place a $200 bet on the New York Knicks to win Game 2 of the NBA Finals and it loses, you get $200 back in bonus bets.
If your qualifying wager exceeds $50 and loses, BetMGM issues five bonus bets each worth 20% of your original stake. A $1,500 losing bet, for instance, returns five $300 bonus bets. If your wager is $50 or less, you receive a single bonus bet equal to your stake.
New users in CO, MI, NJ, PA, and WV have access to the Bet $10, Get $150 offer instead. Place a minimum $10 wager on any market, such as a French Open Women's Singles Final moneyline or an NBA Finals point spread, and if it wins, you receive $150 in bonus bets issued as three $50 credits. Regardless of the outcome under either offer, all new users receive $50 in BetMGM Rewards Points instantly upon signing up with code COVERS50.
Key terms to keep in mind include:
- A minimum $10 deposit is required to activate either offer.
- Bonus bets expire seven days from issuance and cannot be withdrawn directly.
- BetMGM does not return your stake when using bonus bets.
- Both offers are available until April 30, 2026, at 11:59 p.m. ET.
- Code COVERS50 must be entered at registration or the offer is voided.
BetMGM Rewards Points are redeemable for a range of benefits, including bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers for live events. Learn more at the BetMGM Rewards page.
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 NBA Finals, French Open and More
Claiming your BetMGM welcome offer ahead of Saturday's packed schedule is straightforward. Follow these steps to get started:
- Download the BetMGM app or visit the BetMGM website to begin the registration process. Have your name, address, email address, and driver's license ready to speed things up.
- Enter the BetMGM bonus code COVERS50 during sign-up. This is required to unlock either the $1,500 First Bet or the Bet $10, Get $150 offer, plus your $50 in BetMGM Rewards Points. Skipping the code voids the promotion.
- Make a minimum $10 deposit using any accepted payment method, including Visa, Mastercard, PayPal, Skrill, Play+, or bank transfer.
- Place your first real-money wager on any available market. Consider betting on the Knicks vs. Spurs NBA Finals game, the French Open Women's Singles Final, an MLB moneyline, or a WNBA matchup. 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.
- Winning bets are withdrawable immediately. Bonus bets must be played through before any payout is accessible. Your $50 in BetMGM Rewards Points are credited to your account instantly after registration.
For a full breakdown of terms and user experience details, read 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.
