BetMGM Bonus Code 'CVRBONUS1500': Get Up To $1500 Bonus Bets For The NBA Playoffs

Use BetMGM bonus code CVRBONUS1500 to unlock a $1,500 First Bet Offer during the NBA Playoffs—bet with confidence all postseason.

Peter Clarke - Content Editor at Covers.com
Peter Clarke • Senior Editor
May 19, 2025 • 13:38 ET • 3 min read
BetMGM Bonus Code for the NBA Playoffs
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As the NBA Playoffs heat up, BetMGM Sportsbook is offering new users a generous welcome offer to match the postseason intensity. Sign up with the BetMGM bonus code CVRBONUS1500 and get a $1,500 First Bet Offer—meaning if your first wager doesn’t win, you’ll get it back in bonus bets. 💸🔥

Whether you're placing your first playoff bet on totals, spreads, or player props, this offer ensures you’re covered with up to $1,500 in bonus value.

BetMGM Logo
$1,500 First Bet
CVRBONUS1500

How the BetMGM 'First Bet' offer works for Monday's NBA Playoff games

To get started, create a new account and enter BetMGM bonus code CVRBONUS1500 during registration. After that, deposit a minimum of $10 and place a real-money wager on any NBA Playoffs market.

Here’s how the bonus breaks down:

  • If your first bet wins: You get paid out in full, just like any regular bet.
  • If your first bet loses: You’ll receive bonus bets equal to your stake, up to $1,500. 🏀🛡️

The way your bonus is returned depends on the amount of your first wager:

  • If you bet $50 or more, you'll receive five bonus bets, each worth 20% of the total.
  • If you bet less than $50, you’ll get a single bonus bet equal to your full stake.

Bonus bets are valid for seven days and must be used before they expire. Note: bonus bet stakes are not returned with any winnings. For instance, a $100 bonus bet at +100 odds would pay $100 in cash winnings—not $200.

This offer is available in most BetMGM-approved states, excluding DC, NV, and NY, and is only valid for new users who apply the BetMGM bonus code during sign-up.


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 the BetMGM bonus code tonight

Getting started is easy. Follow these steps to lock in your $1,500 First Bet Offer with BetMGM:

  1. Register: Create a BetMGM Sportsbook account and enter the bonus code CVRBONUS1500.
  2. Deposit: Make a minimum $10 deposit into your new account.
  3. Wager: Place your first bet on any NBA Playoffs market—spreads, totals, moneylines, or props.
  4. Win or Get Bonus Bets: If your bet wins, collect your payout. If it loses, receive up to $1,500 in bonus bets depending on your stake.


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.

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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."

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