The BetMGM bonus code COVERS50 unlocks two strong welcome offers ahead of Raptors vs. Cavaliers Game 7 on Sunday, May 3. New users in most states can claim a $1,500 First Bet plus $50 in BetMGM Rewards Points. New users in CO, MI, NJ, PA, and WV can instead bet $10 and get $150 in bonus bets if it wins, also with $50 in Rewards Points included. Both are among the best sportsbook promos available for this winner-take-all Game 7.
COVERS50
COVERS50
BetMGM Bonus Code COVERS50: How the Offer Works for Raptors vs. Cavaliers Game 7
There are two distinct welcome offers available through the BetMGM bonus code COVERS50, and which one you receive depends on your state. In most eligible states, including AZ, IL, IN, MA, NC, OH, TN, VA, and others, new users receive the $1,500 First Bet offer. A minimum $10 deposit is required to activate it.
Here is how the $1,500 First Bet works for Game 7. If you place a $1,500 wager on the Cavaliers to win and they lose, you receive your full $1,500 stake back in bonus bets. If you wager more than $50 and lose, BetMGM issues five bonus bets each worth 20% of your original stake. If you wager $50 or less and lose, you receive one bonus bet equal to your stake. Bonus bets expire seven days after issuance.
New users in CO, MI, NJ, PA, and WV receive a different offer. Place a $10 wager on Game 7 and if it wins, you receive $150 in bonus bets issued as three $50 bonus bets, also expiring seven days from issuance. Key terms for both offers are below:
- Minimum $10 deposit required for both offers
- $50 in BetMGM Rewards Points awarded instantly upon sign-up with either offer
- Bonus bets cannot be withdrawn directly and must be played through first
- BetMGM does not return your stake when using bonus bets
- Both offers expire at 11:59 p.m. ET on April 30, 2026
- Not available to users on self-exclusion lists
BetMGM Rewards Points are not just a small perk. They can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. More details on BetMGM Rewards Points can be found at the BetMGM Rewards page.
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 Up to $1,500 for Cavaliers vs. Raptors Game 7
Claiming your BetMGM welcome offer before Game 7 tips off is straightforward. Follow these steps to get started with either offer:
- Download the BetMGM app or visit the BetMGM website to begin registration. Have your name, address, email, and driver's license ready to speed up the process.
- Enter the BetMGM bonus code COVERS50 during sign-up. This step is required to unlock either welcome offer and to receive your $50 in Rewards Points instantly. Skipping the code will void the offer.
- Make a minimum $10 deposit using an accepted payment method such as Visa, Mastercard, PayPal, Skrill, Play+, or bank transfer.
- Place your first wager on Raptors vs. Cavaliers Game 7. Users in most states should wager up to $1,500 to maximize the First Bet offer. Users in CO, MI, NJ, PA, or WV should place at least a $10 wager to qualify for the $150 bonus bets if it wins.
- If your bet loses, bonus bets will be credited to your account per the terms above. If your bet wins, winnings are immediately withdrawable. Bonus bets must be played through before any payout from them is available.
For a full breakdown of what BetMGM offers new users, check out 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.
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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.
