BetMGM Bonus Code COVERS Gives Up To $1,500 Bonus Bets for a First Bet on the NBA or NFL

Carson Deveau - Betting Editor at Covers.com
Carson Deveau • Sports Betting Editor 3+ years betting experience
Updated: Nov 12, 2026 , 07:20 AM ET • 3 min read

Use the BetMGM bonus code COVERS for a $1,500 First Bet or up to $1,000 back in bonus bets on Thursday's NBA games or TNF.

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!

Use the BetMGM bonus code COVERS to claim a new-user offer on Thursday's NBA games or Thursday Night Football. A code is required, and as of Nov. 12, new users can get a $1,500 First Bet in select states or up to $1,000 back in bonus bets over 10 days in others. Check out more sportsbook promos to compare.

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 November 12
Info Confirmed By Michael Hoad

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How the BetMGM Bonus Code Offer Works on Thursday's NBA Slate and TNF

New users who register with the BetMGM bonus code COVERS can choose Thursday's NBA games or Thursday Night Football as the target for their first wager. A code is required, and the minimum deposit is $10. Which version of the offer you receive depends on your state.

In AZ, CO, DC, IA, IN, KS, KY, LA, MA, MD, MO and WY, you can place a $1,500 First Bet on any sport or betting market with minimum odds of -10,000. If your first bet loses, you get your stake back in bonus bets. For wagers of $50 or more, that return comes as five bonus bets, each worth 20% of your stake. Wagers of $50 or less return one bonus bet.

For example, say you wager $100 on a Thursday NBA game or the Washington at New York matchup on Thursday Night Football. If the bet loses, you receive five bonus bets worth $20 each. If the bet wins, you collect your winnings as normal.

In IL, NC, OH, TN and VA, new users can claim up to $1,000 back in bonus bets over their first 10 days. You receive one No Sweat Token per day for 10 days after your qualifying deposit, and your first token can be used on Thursday's game. Each token returns up to $100 if your wager loses.

  • Bonus code COVERS is required
  • Minimum deposit: $10
  • No playthrough requirement on the bonus bets, which are non-withdrawable
  • Bonus bets expire seven days from receipt
  • Bonus bets must be wagered once before winnings can be withdrawn, and only winnings are paid out

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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

    Claim Your $1,500 First Bet or Up to $1,000 in Bonus Bets

    Follow these steps to claim either BetMGM offer and bet on Thursday's games.

    1. Download the BetMGM app or visit betmgm.com and click the gold Sign Up button.
    2. Enter your personal information, including your name, address, email, phone number and the last four digits of your Social Security Number.
    3. Enter bonus code COVERS when prompted.
    4. Deposit at least $10 using a credit card, PayPal or another available method.
    5. Place your qualifying wager on Thursday's NBA games or Thursday Night Football.
    6. Receive your bonus bets or No Sweat Token based on your state's offer.

    Read our 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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