The BetMGM bonus code COVERS50 unlocks two strong welcome offers for new users ahead of Raptors vs. Cavaliers Game 5 on Wednesday, April 29. Depending on your state, you can claim a $1,500 First Bet offer or a Bet $10, Get $150 deal — both available via the same code. Click any of the sportsbook promos links in this article to get started, and check out the full breakdown of $1,500 in first-bet coverage or $150 in bonus bets below.
COVERS50
COVERS50
BetMGM Bonus Code COVERS50: How to Bet on Raptors vs. Cavaliers Game 5
New users in most states can use the BetMGM bonus code COVERS50 to claim a $1,500 First Bet offer. Place your first wager on Game 5 between Toronto and Cleveland, and if it loses, BetMGM will return your entire stake in bonus bets, up to $1,500. If your qualifying wager is more than $50 and it loses, you receive five bonus bets each worth 20% of your original stake. If your wager is $50 or less and it loses, you receive one bonus bet equal to your stake. Bonus bets expire seven days from issuance.
Regardless of whether your first bet wins or loses, you will instantly receive $50 in BetMGM Rewards Points just for 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. For example, if you placed a $1,500 bet on Donovan Mitchell to lead all scorers in Game 5 and it lost, you would receive five $300 bonus bets totaling $1,500 back.
New users in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia have access to a separate offer: Bet $10, Get $150 in bonus bets if your first wager wins, plus $50 in BetMGM Rewards Points win or lose. For instance, if you placed a $10 bet on Scottie Barnes to score over his line in Game 5 and it won, you would receive your winnings plus $150 issued as three $50 bonus bets. Both offers require a minimum $10 deposit and must be claimed by 11:59 p.m. ET on April 30, 2026.
- New users only; must be 21 or older and located in an eligible state
- Minimum $10 deposit required to activate either offer
- $1,500 First Bet available in AZ, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, and WY
- Bet $10, Get $150 available in CO, MI, NJ, PA, and WV
- Bonus bets expire seven days from issuance and cannot be withdrawn directly
- Both offers expire at 11:59 p.m. ET on April 30, 2026
- Cannot participate if on any self-exclusion list
What our experts say about Raptors vs. Cavaliers
Covers expert Jason Logan has made his Raptors vs. Cavaliers predictions for this massive game, and he's got R.J. Barrett hitting the Over 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 Your $1,500 First Bet or $150 Bonus for Game 5
Claiming either BetMGM welcome offer ahead of Raptors vs. Cavaliers Game 5 is straightforward. Follow these steps to get your account set up and your first bet placed in time for tip-off.
- Download the BetMGM app on your mobile device or visit the BetMGM website on desktop to begin the registration process.
- Create your new account by entering your personal information, including your name, address, email address, and driver's license for identity verification.
- When prompted, enter the BetMGM bonus code COVERS50. You must enter the code during registration or the offer will not be applied to your account. You will receive your $50 in BetMGM Rewards Points instantly upon sign-up.
- Make a minimum deposit of $10 using any available payment method, including Visa, Mastercard, debit cards, PayPal, Skrill, bank transfer, or Play+.
- Place your first real-money wager on Raptors vs. Cavaliers Game 5 or any other available market. Users in most states are covered up to $1,500 if the bet loses. Users in CO, MI, NJ, PA, and WV receive $150 in bonus bets if the bet wins.
- If your bet wins, winnings are immediately withdrawable. If your bet loses and you qualify for the $1,500 First Bet offer, bonus bets will be credited to your account. All 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 terms and past user experiences, read the BetMGM bonus review before signing up.
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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.
