BetMGM Bonus Code COVERS50: Claim $1,500 Bonus for Knicks-Spurs, NBA Finals

The NBA Finals are here, and new users can take advantage of two strong BetMGM bonus code offers before Wednesday, June 4, tip-off between the New York Knicks and San Antonio Spurs. Use code COVERS50 to claim either a $1,500 First Bet in most states or Bet $10, Get $150 in bonus bets if your wager wins in CO, MI, NJ, PA, and WV -- plus $50 in BetMGM Rewards Points in both cases.

Both offers are available as of Wednesday, June 3, and are among the best sportsbook promos you will find for Game 1.

$1,500 First Bets
COVERS50

Claim $1,500

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

Win $150

BetMGM Bonus Code COVERS50: How the $1,500 First Bet and Bet $10, Get $150 Offers Work

The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on your state. In most states, new users receive a $1,500 First Bet, meaning if your first wager on Game 1 of the Knicks vs. Spurs NBA Finals loses, BetMGM returns your entire stake in bonus bets up to $1,500. For example, if you bet $200 on the Knicks moneyline and San Antonio wins Game 1, you get $200 back in bonus bets. If you wager more than $50 and lose, BetMGM issues five bonus bets each worth 20% of your qualifying wager. A $1,500 losing bet, for instance, returns five $300 bonus bets totaling $1,500. If your wager is $50 or less, you receive one bonus bet for the full amount.

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 Game 1 and if it wins, you receive $150 in bonus bets issued as three $50 bonus bets. Regardless of the outcome of either offer, every new user who enters code COVERS50 instantly receives $50 in BetMGM Rewards Points. Those points can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, or Gametime Vouchers. 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• Bonus bets expire seven days from issuance and cannot be withdrawn directly.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 expire at 11:59 p.m. ET on April 30, 2026.
• The $1,500 First Bet is available in AZ, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, and WY. The Bet $10, Get $150 offer is available in CO, MI, NJ, PA, and WV.
• Users on self-exclusion lists are not eligible.

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Knicks vs. Spurs Game 1 NBA Finals: How to Claim Your BetMGM Welcome Offer

Claiming your BetMGM welcome bonus ahead of Knicks vs. Spurs Game 1 is straightforward. Follow these steps to get started:

1. Download the app: Get the BetMGM app on your mobile device to explore markets, banking options, and navigation before registering.
2. Register: Click through to BetMGM Sportsbook and create a new account. Have your name, address, email, and driver's license ready to speed up the process.
3. Enter code COVERS50: Input the BetMGM bonus code COVERS50 during registration to unlock your $50 in BetMGM Rewards Points instantly. Skipping the code voids the offer.
4. Deposit funds: Add at least $10 using a preferred payment method such as Visa, Mastercard, PayPal, Skrill, Play+, or bank transfer.
5. Place your bet: Wager on any Game 1 market -- moneylines, point spreads, totals, player props, or same-game parlays. In most states, if your bet loses, you get up to $1,500 back in bonus bets. In CO, MI, NJ, PA, and WV, a winning $10 bet earns you $150 in bonus bets.
6. Collect your rewards: Winning bets are immediately withdrawable. Bonus bets must be used before any payout is available, and they expire after seven days.

For a full breakdown of terms and user experience, check out the BetMGM bonus review.