BetMGM Bonus Code COVERS50: Claim up to $1,500 Bonus Bets for Lakers-Thunder, NBA Playoff Games

The BetMGM bonus code COVERS50 unlocks two strong welcome offers for new users looking to bet on Lakers vs. Thunder Game 2 on Thursday, May 7. Most states can claim a $1,500 First Bet, while users in CO, MI, NJ, PA, and WV can Bet $10, Get $150 if it wins. Both deals also include $50 in BetMGM Rewards Points. Visit sportsbook promos or go straight to the $1,500 First Bet offer to get started.

$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 the Offer Works

New users can activate either welcome offer by entering the BetMGM bonus code COVERS50 at registration. The offer available to you depends on your state, so it is worth confirming which version applies before signing up.

In most eligible states, the $1,500 First Bet offer works like this: if your first bet loses, BetMGM returns your entire stake in bonus bets, up to $1,500. For example, if you placed a $1,500 wager on the Thunder to cover the spread in Game 2 and it lost, you would receive five bonus bets worth $300 each. Wagers under $50 return as a single bonus bet. Bonus bets expire seven days from issuance.

In CO, MI, NJ, PA, and WV, the Bet $10, Get $150 offer applies instead. Place a minimum $10 wager on Game 2, and if it wins, you receive $150 in bonus bets issued as three $50 bonus bets. This offer is valid regardless of outcome for the $50 Rewards Points, but the $150 bonus bets are only triggered by a winning bet.

Both offers require a minimum $10 deposit and must be claimed by April 30, 2026, at 11:59 p.m. ET. Every new user, in all eligible states, also receives $50 in BetMGM Rewards Points instantly upon signing up with code COVERS50. Those points can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, or Gametime Vouchers.

• Minimum $10 deposit required
• Bonus bets expire seven days from issuance
• Offer expires April 30, 2026, at 11:59 p.m. ET
• Not available to users on self-exclusion lists
• BetMGM does not return your stake when using bonus bets

Get our Lakers vs. Thunder picks

Covers expert Jason Logan has made his Lakers vs. Thunder predictions, and he expects LeBron James to have a big night in a pivotal game.

Check if you can use our BetMGM bonus code in your state

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How to Claim Your BetMGM Welcome Offer for Lakers vs. Thunder Game 2

Claiming your welcome offer ahead of Thursday's Game 2 between the Lakers and Thunder is straightforward. Follow these steps to get started with either the $1,500 First Bet or the Bet $10, Get $150 offer.

1. Download the BetMGM app or visit the BetMGM website to begin the registration process. Have your name, address, email address, and driver's license ready to speed things up.
2. Enter the BetMGM bonus code COVERS50 when prompted during sign-up. This step is required to unlock either welcome offer and your $50 in BetMGM Rewards Points. Skipping the code will void the promotion.
3. Make a minimum $10 deposit using any accepted payment method, including Visa, Mastercard, PayPal, Skrill, Play+, or bank transfer.
4. Place your first real-money wager on Lakers vs. Thunder Game 2. You can bet the moneyline, point spread, totals, player props, 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.
5. Winning bets are immediately withdrawable. Bonus bets must be used before any payout is available. Your $50 in BetMGM Rewards Points are credited instantly after sign-up.

For a full breakdown of terms and user experience, check out the BetMGM bonus review.