BetMGM Bonus Code COVERS50: Claim $1,500 First Bet Bonus for Knicks-Cavaliers, NBA Games

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor 3+ years betting experience
Updated: May 25, 2026 , 04:15 PM ET • 3 min read

Use BetMGM bonus code COVERS50 for a $1,500 First Bet or Bet $10, Get $150 for Knicks vs. Cavaliers Game 4 on Monday.

Photo By - Use BetMGM bonus code COVERS50 to get up to $1,500 bonus bets back if your first bet loses.

The BetMGM bonus code COVERS50 unlocks two welcome offers for new users looking to bet on Knicks vs. Cavaliers Game 4 on Monday, May 25 -- and both come with $50 in BetMGM Rewards Points. In most states, you can claim a $1,500 First Bet, while new users in CO, MI, NJ, PA, and WV can opt for a Bet $10, Get $150 offer.

No matter which deal fits your state, you can find both among the best sportsbook promos available for tonight's potential series-clinching game.

BetMGM Logo
$1,500 First Bets
COVERS50
BetMGM Logo
Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

BetMGM Bonus Code COVERS50: How the $1,500 First Bet and Bet $10, Get $150 Offers Work

New users in most states can register with the BetMGM bonus code COVERS50 to access a $1,500 First Bet. Here is how it works: make a minimum $10 deposit, place your first real-money wager on tonight's game, and if that bet loses, BetMGM returns your entire stake in bonus bets up to $1,500. If your wager is over $50, those bonus bets are issued as five separate credits each worth 20% of your qualifying stake. For example, if you placed a $1,500 bet on the Knicks to sweep the Cavaliers and it lost, you would receive five $300 bonus bets totaling $1,500. If your wager is $50 or under, you receive one bonus bet for the full amount. Bonus bets expire seven days from issuance.

New users in CO, MI, NJ, PA, and WV have access to a different welcome offer using the same BetMGM bonus code COVERS50. Place a $10 minimum wager on Game 4 tonight, and if it wins, you receive $150 in bonus bets issued as three $50 credits, also expiring after seven days. Both offers must be claimed by April 30, 2026, at 11:59 p.m. ET.

Regardless of which offer applies to your state, every new user who signs up with code COVERS50 receives $50 in BetMGM Rewards Points instantly. Those points are not just for betting -- they can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. You can learn more about the BetMGM Rewards program at the BetMGM Rewards page. Note that this offer is not available to anyone on self-exclusion lists for gambling.

  • Minimum $10 deposit required for both offers
  • $1,500 First Bet available in AZ, DC, IA, IL, IN, KS, KY, LA, MA, MD, NC, OH, TN, VA, and WY
  • Bet $10, Get $150 available in CO, MI, NJ, PA, and WV (offer pays out only if first bet wins)
  • $50 BetMGM Rewards Points issued instantly to all new users who use code COVERS50
  • Bonus bets expire seven days from issuance and cannot be withdrawn directly
  • Offer expires April 30, 2026, at 11:59 p.m. ET

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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Covers expert Zak Hanshew has made his Knicks vs. Cavaliers predictions, and he expects the Knicks to swiftly pull off the sweep in Game 4 tonight.

Try the boost on Hanshew's Knicks vs. Cavaliers Game 4 picks!

  • NY -2.0
  • u217.0 Total
  • Mikail Bridges o21.5 Total Points, Rebounds, and Assists

Live BetMGM odds for Knicks vs Cavs

These odds update every 5 minutes.



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How to Claim Your BetMGM Welcome Offer for Knicks vs. Cavaliers Game 4

Signing up and placing your first bet on tonight's game is straightforward. Follow these steps to claim your welcome offer before tip-off:

  1. Download the BetMGM app or visit the BetMGM website to get started. Familiarize yourself with the platform, banking options, and available markets before registering.
  2. Click the registration link and begin creating your new account. Have your personal information ready, including your name, address, email address, and driver's license for identity verification.
  3. Enter the BetMGM bonus code COVERS50 when prompted during sign-up. Failing to enter the code will void the welcome offer from your account. Your $50 in BetMGM Rewards Points will be credited instantly upon registration.
  4. Make your first deposit using any accepted payment method, including Visa, Mastercard, debit cards, PayPal, Skrill, Play+, or bank transfer. A minimum deposit of $10 is required to qualify.
  5. Place your first wager on Knicks vs. Cavaliers Game 4. 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 minimum bet wins, you receive $150 in bonus bets.
  6. Winning bets are immediately withdrawable. Bonus bets must be used before any payout is available, and BetMGM does not return your stake when using bonus bets.

For a full breakdown of what BetMGM offers 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.

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Luc LeBlanc
Content Editor

Luc has been passionate about sports since he was a child, playing competitive hockey and staying closely tuned to professional leagues. Today, he brings that same energy to his work as a Content Editor, covering NHL games, player props, and betting trends with a sharp, analytical eye.

Since 2023, Luc has been writing picks and analysis for various publications, helping readers discover value in several major sports. While hockey is his specialty, he also closely follows tennis, keeping up with both the ATP and WTA Tours.

A graduate of Saint Mary’s University (BSc, Geography, 2025), Luc approaches sports betting the way he approaches maps and statistics by looking for patterns, trends, and angles that give him an edge. He focuses on research-backed and well-informed picks, spotting correlations, and finding the best opportunities in player props and game markets.

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