BetMGM Bonus Code 'COVERS' Unlocks A $1,500 First Bet On Lakers vs Cavaliers Tonight

Use BetMGM bonus code COVERS for a $1,500 First Bet on Lakers vs Cavaliers on Wednesday. Get bonus bets back if your first wager loses.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Jan 28, 2026 • 15:05 ET • 3 min read
Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses.
Photo By - Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses.

The BetMGM bonus code "COVERS" unlocks a $1,500 First Bet for new users looking to wager on Wednesday's Lakers vs Cavaliers matchup. This welcome offer provides bonus bets back if your first bet loses, making it an ideal opportunity to bet on LeBron James' emotional return to Cleveland. New bettors can explore various sportsbook promos available for Wednesday, January 28.

BetMGM Logo
$1,500 First Bets
COVERS

BetMGM Bonus Code details for Lakers vs Cavaliers

The BetMGM bonus code "COVERS" gives new customers up to $1,500 in bonus bets if their first wager loses. This offer applies to any betting market for the Lakers vs Cavaliers game, whether you're backing LeBron James to score over his season average of 22.4 points or betting on Donovan Mitchell to continue his stellar 29.5 points per game pace. The promotion requires the bonus code "COVERS" during registration and is available in eligible states, including Ohio and California.

Key terms for this welcome offer include:

  • Minimum $10 deposit required to activate the bonus
  • First bet protection up to $1,500 in bonus bets
  • Bonus bets expire seven days after issuance
  • Wagers over $50 receive five separate bonus bets worth 20% each

For example, if you bet $1,000 on the Lakers to cover the spread and lose, you'll receive five $200 bonus bets totaling $1,000. If you bet $500 on Mitchell to score over 29.5 points and win, you keep your original stake plus winnings with no bonus bets needed.


Check if you can use our BetMGM bonus code in your state

BetMGM Bonus Code Eligible States
 "COVERS1500" 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)

BetMGM has more bonuses for your NBA bets tonight

BetMGM All Users
Get an NBA no sweat bet - stake back in bonus bets if you lose!

BetMGM odds for Lakers vs Cavaliers


Enjoying Covers content? Add us as a preferred source on your Google account Add as a preferred source on Google

How to Claim Your $1,500 First Bet for Wednesday's Game

Follow these steps to claim your BetMGM welcome bonus for Lakers vs Cavaliers:

  1. Register a new BetMGM account using bonus code "COVERS"
  2. Make a minimum $10 deposit using any accepted payment method
  3. Place your first real money wager on any Lakers vs Cavaliers betting market
  4. If your bet wins, withdraw your winnings immediately
  5. If your bet loses, receive bonus bets equal to your stake up to $1,500

The bonus bets must be used within 7 days and cannot be cashed out. Read our comprehensive BetMGM bonus review for additional details on terms and conditions.


More BetMGM Sportsbook promos, bonuses, and offers from

  • Get A Second Chance On First TD Bets: Get your Stake back if your First TD Scorer pick scores the second TD instead!
  • Welcome to MGM Rewards: Earn MGM Rewards Points and redeem them for hotel stays, dining, entertainment, and more.

Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).
21+ and present in select states.Gambling Problem? Call 1-800-GAMBLER (CO, IA, KY, MI, NJ, OH, PA, IL, TN, VA, VT), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV).

Pages related to this topic

Peter Clarke - Covers
Senior Editor

Peter Clarke is dedicated to keeping bettors informed about the biggest sports betting events, such as the Super Bowl and March Madness, and the best way to cash in on sportsbook promos. He's also always on top of the latest welcome offers from the biggest sportsbooks, so he can share the best deals and the most exciting games to use them on every day.

Popular Content

Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo