🏀 BetMGM Bonus Code 'CVRBONUS1500': Get up To $1500 Bonus Bets Back On Firday NBA Playoff Bets

Use BetMGM bonus code CVRBONUS1500 to unlock a $1,500 First Bet Offer for the NBA Playoffs—wager with confidence this postseason.

Peter Clarke - Content Editor at Covers.com
Peter Clarke • Senior Editor
May 16, 2025 • 15:01 ET • 3 min read
BetMGM Bonus Code for Friday's NBA Playoff Games
Photo By - IMAGN IMAGES

BetMGM Sportsbook is raising the stakes for the NBA Playoffs with a high-value welcome offer that lets new users wager without worry. When you sign up using the BetMGM bonus code CVRBONUS1500, you’ll unlock a $1,500 First Bet Offer—giving you a second shot if your initial wager doesn’t hit. 💸🔥

This is your chance to get in on the playoff action and bet on basketball’s biggest stage with the added cushion of bonus bet protection. Whether you’re betting on totals, spreads, or other markets, this sportsbook promo sets you up for a strong start.

BetMGM Logo
$1,500 First Bet
CVRBONUS1500

📋 How the BetMGM 'First Bet' offer works for tonight's NBA slate

To activate the promotion, new customers must use the BetMGM bonus code CVRBONUS1500 during registration. Then, make a minimum deposit of $10 and place your first real-money wager on any eligible NBA Playoffs market.

If your initial wager wins, you collect your full cash payout as usual. But if your first bet loses, BetMGM will refund your stake in the form of bonus bets—up to $1,500 in total. 🏀🛡️

Here’s how the bonus payout structure works:

  • If your bet is $50 or more, you’ll receive five bonus bets, each worth 20% of your original wager.
  • If your bet is less than $50, you’ll receive one bonus bet equal to your stake.

Bonus bets must be used within seven days of issuance. Note that bonus bets are not withdrawable, and winnings do not include the stake from the bonus itself. This offer is not available in DC, NV, or NY but is active in most other states where BetMGM is licensed.

Don’t forget: entering the correct BetMGM bonus code is essential to claim this promotion.


Offer available to first-time customers in the following states: AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR). Not available to residents of Ontario, CA.

🛠️ How to claim our BetMGM bonus code tonight

Here’s how to quickly get started and secure your BetMGM welcome offer during the NBA Playoffs:

  1. Register: Create a new BetMGM Sportsbook account and enter the bonus code CVRBONUS1500 during the sign-up process.
  2. Deposit: Add at least $10 to your account using your preferred payment method.
  3. Place a Bet: Make your first wager on any NBA Playoffs market.
  4. Win or Get Bonus Bets: If your bet wins, take the profit. If it loses, get up to $1,500 in bonus bets based on the amount wagered.

📲 Want the full breakdown on BetMGM’s platform? Read our comprehensive BetMGM bonus review for insights on features, promotions, and betting tools.


Sportsbook promos comparison

Choosing the right sportsbook promos for you is easy with Covers. We compare all the best offers for legal sports betting sites in your area.

BetMGM DraftKings FanDuel
Current Bonus $1,500 Bonus Bets Back Bet $5, Get $150, Win or Lose Bet $5, Get $200, If Your Bet Wins
Promo Code CVRBONUS1500 None Required None Required
Bonus Type Second Chance Bet Bet & Get Bet & Get
Bonus Amount One (< $50) or five (> $50) bonus bets $150 Bonus Bets $200 Bonus Bets
Wagering Period Seven Days Seven Days Fourteen Days
Min. Deposit $10 $5 $5

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. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).
21+ and present in select states.Gambling Problem? Call 1-800-GAMBLER (CO, IA, KY, MI, NJ, OH, PA, IL, TN, VA, VT), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV).

Pages related to this topic

Peter Clarke - Covers
Senior Editor

Peter Clarke has been in the digital media business for 14 years after obtaining his journalism degree from the University of King's College in Halifax, N.S. He learned his trade during his time at The Chronicle Herald and Saltwire Network, where he spent nearly a decade editing and making digital content.

These days, Peter is all about keeping bettors in the loop about the biggest sports betting events, like the Super Bowl and March Madness. He's also always on top of the latest promo offers from the biggest sportsbooks so he can share the best deals straight with you.

One of his favorite ways to bet is using the Covers' player prop projections. He firmly believes you can find a lot of value in the four and five-star projections every day of the year with just a little attention to the totals and lines. For those of you new to the betting scene, he’s got some solid advice: "Start small. Pick a unit size that feels right for you and grow your bankroll over time."

Popular Content

Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo