The BetMGM bonus code COVERS50 unlocks two welcome offers for new users ahead of Monday's Eastern Conference semifinal opener between the Philadelphia 76ers and New York Knicks. As of May 4, new users in most states can claim a $1,500 First Bet offer, while new users in CO, MI, NJ, PA, and WV can instead opt for a Bet $10, Get $150 bonus. Both offers also come with $50 in BetMGM Rewards Points instantly. Check out more sportsbook promos before tip-off.
COVERS50
COVERS50
BetMGM Bonus Code COVERS50: How the $1,500 First Bet and Bet $10, Get $150 Offers Work
New users can activate either welcome offer by entering the BetMGM bonus code COVERS50 at registration. The offer you receive depends on your state. In most eligible states -- AZ, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, and WY -- you'll receive the $1,500 First Bet offer. In CO, MI, NJ, PA, and WV, you'll receive the Bet $10, Get $150 offer instead.
For the $1,500 First Bet, place your first wager on Monday's 76ers vs. Knicks Game 1. If your bet loses -- say you back Philadelphia and the Knicks pull away late -- BetMGM will return your entire 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, a $1,500 losing bet on the Knicks moneyline would come back as five $300 bonus bets. Wagers of $50 or less are returned as a single bonus bet.
For the Bet $10, Get $150 offer available in CO, MI, NJ, PA, and WV, place a minimum $10 wager on the 76ers vs. Knicks game. If your bet wins -- for instance, you back Tyrese Maxey and Philadelphia to pull off the upset -- you'll receive $150 in bonus bets issued as three $50 bonus bets. Regardless of outcome, both offers include $50 in BetMGM Rewards Points delivered instantly upon sign-up.
BetMGM Rewards Points can be redeemed for a variety of benefits, including bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. Key terms to know for both offers include:
- Minimum $10 deposit required to qualify
- Bonus bets expire seven days from issuance
- BetMGM does not return your stake when using bonus bets
- Both offers expire at 11:59 p.m. ET on April 30, 2026
- Not available to users on self-exclusion lists
What our experts say about 76ers vs. Knicks
Covers expert Zak Hanshew has made his 76ers vs. Knicks predictions, expecting Joel Embiid to continue putting up some massive PRA numbers.
Check if you can use our BetMGM bonus code in your state
| BetMGM Bonus Code | Eligible States |
| COVERS50 | 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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76ers vs. Knicks Game 1: How to Claim Your BetMGM Welcome Offer
Follow these steps to claim your BetMGM welcome offer and place your first bet on 76ers vs. Knicks Game 1:
- Download the BetMGM app: Get familiar with the platform's layout, banking options, and available markets before registering.
- Register your account: Click through to BetMGM and begin the sign-up process. Have your name, address, email address, and driver's license ready to speed things along.
- Enter the promo code: Input BetMGM bonus code COVERS50 during registration. Skipping this step will void the welcome offer from your account. You will also receive your $50 in BetMGM Rewards Points instantly at this stage.
- Make a deposit: Fund your account with a minimum of $10 using an accepted payment method such as Visa, Mastercard, debit card, bank transfer, PayPal, Skrill, or Play+.
- Place your first bet: Wager on 76ers vs. Knicks Game 1 -- whether that's the moneyline, point spread, a player prop on Karl-Anthony Towns or Joel Embiid, or any other available market. If you are in most states and your bet loses, you get up to $1,500 back in bonus bets. If you are in CO, MI, NJ, PA, or WV and your bet wins, you receive $150 in bonus bets.
- Use your bonus bets: Bonus bets must be played through before any payout is available. Winning cash bets are immediately withdrawable.
For a full breakdown of terms and platform details, read the BetMGM bonus review.
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.
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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.
