BetMGM Bonus Code COVERS: Get $1500 or $150 on Magic vs Cavaliers Tonight

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor 16+ years betting experience
Updated: Mar 24, 2026 , 05:10 PM ET • 3 min read

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

The BetMGM bonus code COVERS unlocks a $1,500 First Bet for new users looking to wager on Tuesday's Magic vs Cavaliers matchup. This welcome offer provides bonus bets back if your initial wager loses, making it an excellent opportunity to bet on Cleveland as they host Orlando. With various sportsbook promos available, this BetMGM offer stands out for its substantial value as of March 24.

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$1,500 First Bets
COVERS

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

BetMGM Bonus Code Details for Magic vs Cavaliers

The BetMGM bonus code COVERS provides new customers with protection on their first wager up to $1,500. This welcome offer applies to any sports market, including Tuesday's Magic vs Cavaliers game, where Cleveland enters as the favorites after sweeping their recent three-game road trip. If your initial bet on this Eastern Conference matchup loses, BetMGM returns your stake in bonus bets.

The offer works differently based on your wager amount. For bets over $50, you receive five bonus bets worth 20% of your qualifying wager each. For example, if you bet $1,000 on the Cavaliers to cover the spread and lose, you would receive five $200 bonus bets totaling $1,000. Smaller wagers under $50 result in a single bonus bet equal to your stake.

Key terms include:

  • Minimum $10 deposit required
  • Bonus bets expire after seven days
  • Available in most states where BetMGM operates
  • Bonus bet stakes are not returned with winnings

Consider betting on Cleveland's moneyline, given their recent strong play with James Harden and Donovan Mitchell leading the way. Orlando enters on a five-game losing streak, making the Cavaliers an attractive option for your first bet.


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

BetMGM Bonus Code Eligible States
 COVERS 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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  • Get a NBA no sweat bet - stake back in bonus bets if you lose

Live BetMGM odds for Magic vs Cavaliers

These odds update every 5 minutes.



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How to Claim Your $1,500 Magic vs Cavaliers Bet

Follow these steps to claim your BetMGM welcome offer for Tuesday's game:

  1. Register a new BetMGM account using bonus code COVERS
  2. Make a minimum $10 deposit to activate your account
  3. Place your first real money wager on Magic vs Cavaliers or any available market
  4. If your bet loses, receive bonus bets back up to $1,500 within 24 hours
  5. Use bonus bets within seven days before they expire

The registration process requires basic personal information and identity verification. Once approved, you can immediately deposit funds and place your qualifying wager on Tuesday's Eastern Conference showdown between Orlando and Cleveland.

Read our comprehensive BetMGM bonus review for additional details about this sportsbook's features and betting options.


More BetMGM Sportsbook promos, bonuses, and offers

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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 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.

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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.

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