BetMGM Bonus Code COVERS50: Get $1,500 Bonus for NBA and NHL Games

The BetMGM bonus code COVERS50 unlocks two strong welcome offers for new users looking to bet on Saturday, May 9 NBA and NHL Playoffs Round 2 action. In most states, you can claim a $1,500 First Bet offer, while new users in CO, MI, NJ, PA, and WV can Bet $10 and Get $150 in bonus bets if their first wager wins. All new users also receive $50 in BetMGM Rewards Points instantly.

These are among the best sportsbook promos available heading into a massive playoff weekend.

$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 to Claim Up to $1,500 for the NBA and NHL Playoffs

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, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, and WY, you can place a First Bet of up to $1,500 on any NBA or NHL Playoffs game. If that bet loses, BetMGM returns your entire stake in bonus bets. For example, if you placed a $1,500 wager on the Lakers vs. Thunder and it did not cash, you would receive five bonus bets worth $300 each. If your qualifying wager is under $50, you receive one bonus bet for the full amount instead.

New users in CO, MI, NJ, PA, and WV have access to a different offer: Bet $10 and Get $150 in bonus bets if your first wager wins. So if you placed a $10 bet on the Knicks vs. 76ers and it won, you would receive your winnings plus $150 issued as three $50 bonus bets. Win or lose, all new users in every eligible state receive $50 in BetMGM Rewards Points the moment they sign up with code COVERS50.

BetMGM Rewards Points are a flexible loyalty currency that can be redeemed for several valuable options, including bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers for live event experiences. Learn more at the BetMGM Rewards page.

• A minimum $10 deposit is required to activate either welcome offer.
• Bonus bets expire seven days from issuance and cannot be withdrawn directly.
• BetMGM does not return your stake when using bonus bets.
• Both offers are available to new BetMGM users only and must be claimed by April 30, 2026, at 11:59 p.m. ET.
• Users on any self-exclusion list are not eligible to participate.

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How to Claim Your BetMGM Welcome Offer for NBA and NHL Playoffs Round 2

Signing up and claiming your BetMGM welcome offer ahead of Saturday's playoff slate is straightforward. Follow these steps to get started with either the $1,500 First Bet offer or the Bet $10, Get $150 offer in CO, MI, NJ, PA, and WV.

1. Download the BetMGM app or visit the BetMGM website and click to register a new account.
2. Enter the BetMGM bonus code COVERS50 during registration. This step is required to unlock the $50 BetMGM Rewards Points and activate your welcome offer. Skipping the code will void the promotion.
3. Deposit at least $10 using an accepted payment method such as Visa, Mastercard, PayPal, Skrill, Play+, or bank transfer.
4. Place your first real-money wager on any NBA or NHL Playoffs Round 2 game, such as the Cavaliers vs. Pistons, the Golden Knights, or the Canadiens vs. Sabres. In most states, you can bet up to $1,500. In CO, MI, NJ, PA, and WV, place at least $10 to qualify for the Bet $10, Get $150 offer.
5. If your first bet loses under the $1,500 First Bet offer, BetMGM will credit your account with bonus bets equal to your stake. If your first bet wins under the Bet $10, Get $150 offer, you will receive $150 in bonus bets in addition to your winnings.
6. Your $50 in BetMGM Rewards Points will be credited instantly upon signing up, regardless of the outcome of your bet.

For a full breakdown of terms and what to expect from the platform, read the BetMGM bonus review.