The BetMGM bonus code COVERS50 unlocks two strong welcome offers for new users ahead of Cavaliers vs. Knicks Game 2 on Thursday, May 21. In most states, you can claim a $1,500 First Bet offer, meaning you get your stake back in bonus bets if your first wager loses, plus $50 in BetMGM Rewards Points instantly. New users in CO, MI, NJ, PA, and WV can instead Bet $10, Get $150 in bonus bets if their first wager wins, also with $50 in Rewards Points included. Both are among the top sportsbook promos available for this Eastern Conference finals matchup.
COVERS50
COVERS50
BetMGM Bonus Code COVERS50: Up to $1,500 for Cavaliers vs. Knicks Game 2
New users in most states can use the BetMGM bonus code COVERS50 to activate the $1,500 First Bet offer. A minimum $10 deposit is required, and your first real-money wager on any market, including the Cavaliers vs. Knicks Game 2 moneyline, spread, or player props, qualifies. If that bet loses, BetMGM returns your stake in bonus bets, up to $1,500.
For example, if you placed a $1,500 wager on the Cavaliers to bounce back in Game 2 and it lost, you would receive five bonus bets worth $300 each, totaling $1,500. Wagers under $50 that lose return a single bonus bet equal to your stake. Bonus bets expire seven days from issuance and must be used before any payout can be withdrawn.
Regardless of whether your first bet wins or loses, you receive $50 in BetMGM Rewards Points instantly upon signing up. Those points can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, or Gametime Vouchers. New users in CO, MI, NJ, PA, and WV have a different offer available: Bet $10 on Game 2, and if it wins, you receive $150 in bonus bets issued as three $50 bonus bets, plus the same $50 in Rewards Points. Key terms for both offers are below:
- Must be a new BetMGM user and make a minimum $10 deposit
- $1,500 First Bet available in AZ, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, and WY
- Bet $10, Get $150 available in CO, MI, NJ, PA, and WV only (offer pays out if first bet wins)
- $50 BetMGM Rewards Points awarded instantly to all new users with code COVERS50
- Bonus bets expire seven days from issuance
- Both offers expire at 11:59 p.m. ET on April 30, 2026
- Users on self-exclusion lists are not eligible
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 |
Best BetMGM NBA Boosts
All Users
- Get an odds boost for any NBA bet
Check out all BetMGM odds and profit boosts for today.
Covers expert Jason Logan has made his Cavaliers vs. Knicks predictions, and expects Jarrett Allen to come up big in a pivotal Game 2.
Use the boost on JLo's Cavaliers vs. Knicks Game 2 picks!
- CLE +6.5
- Jarrett Allen o19.5 Points and Rebounds
- Josh Hart u12.5 Points Scored
Live BetMGM odds for Cavs vs Knicks
These odds update every 5 minutes.
Enjoying Covers content? Add us as a preferred source on your Google account
How to Claim Your BetMGM Welcome Offer for Game 2
Claiming either BetMGM welcome offer ahead of Cavaliers vs. Knicks Game 2 is straightforward. Follow these steps to get started:
- Download the BetMGM app or visit the BetMGM website to begin registration. Have your name, address, email address, and driver's license ready to speed up the process.
- Enter the BetMGM bonus code COVERS50 during sign-up. This is required to unlock either welcome offer and to receive your $50 in BetMGM Rewards Points instantly. Skipping the code will void the offer.
- Deposit at least $10 using an accepted payment method such as Visa, Mastercard, debit card, PayPal, Skrill, Play+, or bank transfer.
- Place your first real-money wager on Cavaliers vs. Knicks Game 2. In most states, if your bet loses, you get 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.
- Collect your $50 in BetMGM Rewards Points immediately after signing up, regardless of the outcome of your wager. Redeem them for MGM Rewards Points, Marriott Bonvoy Points, merchandise, Gametime Vouchers, or bonus credits for digital play at BetMGM.
- Winning bets are withdrawable right away. Bonus bets must be played through before a payout is available, and BetMGM does not return your stake when using bonus bets.
For a full breakdown of terms and user experience, check out 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.
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.
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.
