BetMGM Bonus Code COVERS: Get up to $1,500 in Bonus Bets for NBA Tip-Off, World Series

Carson Deveau - Betting Editor at Covers.com
Carson Deveau • Sports Betting Editor 3+ years betting experience
Updated: Oct 20, 2026 , 07:15 AM ET • 3 min read

Use the BetMGM bonus code COVERS for a $1,500 First Bet offer on the NBA Tip-Off, plus bet $10, get $150 if it wins in select states.

Photo By - Use BetMGM bonus code COVERS to get up to $1,500 bonus bets back if your first bet loses!

Use the BetMGM bonus code COVERS to claim a $1,500 First Bet offer when you sign up on Oct. 20. A code is required, and new users in select states can also unlock a Bet $10, Get $150 offer if their first wager wins.

Browse more sportsbook promos, then place your first bet on the NBA Tip-Off.

BetMGM Logo
$1,500 First Bet
COVERS

BetMGM bonus code details

BetMGM New Customer Offer $1,500 First Bet Offer
BetMGM Bonus Code COVERS
Minimum Deposit $10
Qualifying Bet $1 to $1,500
Bonus Bet Expiry 7 Days
Eligibility New Customers, 21+ in AZ, CO, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY
T&Cs

Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See Sports Betting | Legal Online Sportsbook at BetMGM | BetMGM 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. This promotional offer is not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.

Date Verified October 20
Info Confirmed By Michael Hoad

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$1,500 First Bet Offer for the NBA Tip-Off

The BetMGM bonus code COVERS is required to claim this welcome offer. Treat the NBA Tip-Off as bet 1, since your qualifying wager can be placed on any sport or market, including the opening night games on Tuesday. BetMGM offers two versions of the welcome bonus depending on where you live.

In AZ, CO, DC, IA, IL, IN, LA, KS, KY, MD, NC, OH, TN, VA and WY, the offer is a $1,500 First Bet. In CO, MI, NJ, PA and WV, the offer is Bet $10, Get $150 if your first bet wins. Make sure you know which version applies to your state before you register.

Here are the key terms for the $1,500 First Bet version:

  • The offer is available only to new users, and the code COVERS is required.
  • You must make a $10 initial deposit and place a real money wager to activate the welcome bonus.
  • If your first bet loses, you will receive your stake back, up to $1,500, in bonus bets.
  • Bonus bets expire after seven days.
  • Wagers over $50 return five bonus bets, each worth 20% of your qualifying wager. Wagers under $50 return one bonus bet.
  • You have until Oct. 18, 2026, at 11:59 p.m. ET to claim the offer.
  • Bonus bets must be wagered before any payout is available, and only winnings are returned, not the bonus itself.

For example, say you wager $100 on a game from the NBA Tip-Off slate and it wins. Your winnings are withdrawable right away. If that same $100 bet loses, you would receive five $20 bonus bets.

If you wager the full $1,500 and lose, you would receive five $300 bonus bets, adding up to $1,500. In the Bet $10, Get $150 states, a winning $10 first bet earns you $150 in bonus bets.

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    What is the BetMGM Bonus Code?

    The BetMGM promo code is COVERS. Enter it at signup and deposit at least $10 to access a state-specific welcome offer: up to $1,500 in bonus bets if your first bet loses, or $150 in bonus bets if your qualifying $10 first bet wins.

    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, MI, MO, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR)
    COVERSBONUS MI, NJ, PA, WV


    How to Claim the BetMGM Bonus Code Offer

    Follow these steps to claim either BetMGM welcome offer and place your first bet on the NBA Tip-Off.

    1. Download the BetMGM app or visit the BetMGM Sportsbook site.
    2. Register with your name, address, email address and phone number.
    3. Enter the BetMGM bonus code COVERS during sign-up.
    4. Deposit at least $10 using your preferred payment method.
    5. Place your first bet on an NBA Tip-Off game.

    Read the full BetMGM bonus review for more details.


    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.

    BetMGM responsible gambling features

    BetMGM partners with GameSense to provide responsible gambling resources designed to help bettors manage their activity. The operator offers educational resources focused on setting personal betting limits, along with tools such as deposit limits and self-exclusion periods to help customers stay within their means.

    BetMGM also provides access to national and state-level organizations specializing in responsible gambling support. These services are confidential, with many available 24/7 throughout the year.


    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.

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    Carson Deveau - Covers
    Sports Betting Editor

    Carson Deveau is a content editor for Covers, focusing on the commercial aspect of North America’s rapidly growing sports betting and iGaming market. Carson's passion for the industry pushes him to continue providing insightful sportsbook and iGaming reviews for bettors of all experience levels.

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