BetMGM Bonus Code COVERS50: Claim $150 Bonus Bets for Round 2 NBA & NHL Games Today

The BetMGM bonus code COVERS50 unlocks two strong welcome offers just in time for Saturday, May 9, and a loaded Round 2 Game 3 slate across the NBA and NHL. New users in most states can claim a $1,500 First Bet, while bettors in CO, MI, NJ, PA, and WV can grab $150 in bonus bets when their first $10 wager wins. Both offers also come with $50 in BetMGM Rewards Points, and you can find more sportsbook promos to compare before signing up.

$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 $150 Offer Work

The BetMGM bonus code COVERS50 gives new users access to one of two welcome offers depending on their state. In most eligible states, including AZ, IL, IN, MA, NC, OH, TN, VA, and others, you can place a First Bet up to $1,500 on any game this weekend. If that bet loses, BetMGM returns your full stake in bonus bets, up to $1,500. Wagers above $50 are returned as five bonus bets, each worth 20% of your original stake. For example, if you placed $1,500 on the OKC Thunder vs. Lakers Game 3 and it lost, you would receive five $300 bonus bets totaling $1,500.

In CO, MI, NJ, PA, and WV, the offer works differently. Place a $10 minimum wager on a game such as the Knicks vs. 76ers or the Avalanche vs. Wild, and if it wins, you receive $150 in bonus bets issued as three $50 bonus bets. Win or lose, both offers include $50 in BetMGM Rewards Points delivered instantly upon sign-up. BetMGM Rewards Points can be used for bonus credits on digital play at BetMGM, converted to MGM Rewards Points or Marriott Bonvoy Points, redeemed for merchandise, or applied toward Gametime Vouchers for live events. All bonus bets expire seven days from issuance, and the entire offer must be claimed by April 30, 2026, at 11:59 p.m. ET. A minimum $10 deposit is required to activate either offer, and the code must be entered at registration or the offer will be voided.

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How to Claim Your BetMGM Welcome Offer for Round 2 Game 3s

Signing up and placing your first bet on this weekend's Round 2 Game 3 action is straightforward. Follow these steps to claim either offer using BetMGM bonus code COVERS50.

1. Download the BetMGM app or visit the BetMGM website to begin registration. Have your name, address, email, and driver's license ready to speed up the process.
2. Enter the promo code COVERS50 during sign-up. This step is required to unlock both the $1,500 First Bet offer or the Bet $10, Get $150 offer, as well as the $50 in BetMGM Rewards Points.
3. Make a minimum $10 deposit using a payment method of your choice, including Visa, Mastercard, PayPal, Skrill, Play+, or bank transfer.
4. Place your first real-money wager on any game from the weekend's slate, such as the Thunder vs. Lakers, Pistons vs. Cavaliers, Hurricanes vs. Flyers, or Golden Knights vs. Ducks. In most states, if your bet loses, you receive your stake back in bonus bets up to $1,500. In CO, MI, NJ, PA, and WV, if your $10 bet wins, you receive $150 in bonus bets.
5. Winning cash bets are immediately withdrawable. Bonus bets must be played through before any payout is available, and BetMGM does not return the stake on bonus bet wagers.

For a full breakdown of terms and an in-depth look at the platform, read the BetMGM bonus review before getting started.