New users can use the BetMGM bonus code COVERS50 to claim one of two welcome offers ahead of Hawks vs. Knicks Game 5 on Tuesday, April 29. Depending on your state, you can land a $1,500 First Bet or a Bet $10, Get $150 offer, plus $50 in BetMGM Rewards Points in both cases.
These are among the best sportsbook promos available for this pivotal Game 5 matchup at Madison Square Garden.
COVERS50
COVERS50
BetMGM Bonus Code COVERS50: $1,500 First Bet or Bet $10, Get $150 for Hawks vs. Knicks
The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on where you live. In most states where BetMGM operates, new users receive a $1,500 First Bet, meaning if your first wager on the Hawks-Knicks series loses, you get your entire stake back in bonus bets, up to $1,500. New users in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia instead receive $150 in bonus bets if their initial $10 wager wins.
For the $1,500 First Bet offer, if you wager more than $50 and lose, BetMGM issues five bonus bets each worth 20% of your qualifying stake. For example, a $1,500 losing bet on the Knicks to cover the spread in Game 5 would return five $300 bonus bets. If you wager $50 or less and lose, you receive one bonus bet equal to your stake. Bonus bets expire seven days from issuance.
For users in CO, MI, NJ, PA, and WV, placing a $10 bet on Game 5 and winning returns $150 in bonus bets, issued as three $50 bonus bets that also expire after seven days. A minimum $10 deposit is required to qualify under either offer. Both offers are available only to new BetMGM users and must be claimed before 11:59 p.m. ET on April 30, 2026.
Regardless of which offer applies to you and regardless of whether your bet wins or loses, you will receive $50 in BetMGM Rewards Points instantly upon signing up with code COVERS50. 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. You can learn more about the rewards program at the BetMGM Rewards page.
Key terms to keep in mind: you cannot be on any self-exclusion lists for gambling to use BetMGM, and bonus bets cannot be withdrawn directly. Winnings generated from bonus bets are withdrawable, but BetMGM does not return your stake when using bonus bets.
Both offers are exclusively for new BetMGM users in eligible states.
What our experts are saying about Hawks vs. Knicks
Covers expert Jason Logan thinks Karl-Anthony Towns is poised for a big night in a crucial Game 5. His Hawks vs. Knicks predictions have the playmaker exploding across several stats tonight.
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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How to Claim the BetMGM Bonus Code Offer for Knicks vs. Hawks Game 5
Follow these steps to claim your welcome offer and place your first bet on Hawks vs. Knicks Game 5:
- Download the BetMGM app or visit the BetMGM website to get familiar with the platform, available markets, and banking options before registering.
- Click through to register a new BetMGM account. Have your personal information ready, including your name, address, email address, and driver's license for identity verification.
- Enter the BetMGM bonus code COVERS50 during registration. This step is mandatory. Failing to enter the code will void the welcome offer from your account. You will receive your $50 in BetMGM Rewards Points instantly upon sign-up.
- Make a minimum $10 deposit using one of BetMGM's available banking methods, including Visa, Mastercard, debit cards, bank transfers, Play+, Skrill, or PayPal.
- Place your first bet on Hawks vs. Knicks Game 5. You can wager on moneylines, point spreads, totals, player props, parlays, or any other available market. Users in most states who lose their first bet get up to $1,500 back in bonus bets. Users in CO, MI, NJ, PA, and WV who win their $10 bet receive $150 in bonus bets.
- Winning bets are immediately withdrawable. Bonus bets must be used before any payout is available, and BetMGM does not return your stake on bonus bet wagers. Remember, both offers expire at 11:59 p.m. ET on April 30, 2026.
For a full breakdown of what BetMGM has to offer new users, read the complete 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.
