BetMGM Bonus Code COVERS50: Make $1.5K First Bet on Rockets-Lakers, Get Bonus Back for NBA Playoff Games

The BetMGM bonus code COVERS50 unlocks two welcome offers for new users ahead of Rockets vs. Lakers Game 5 on Wednesday, April 29. Most states can claim a $1,500 First Bet, while new 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 instantly. Explore more sportsbook promos to see what else is available before tip-off.

$1,500 First Bets
COVERS50

Claim $1,500

Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

Win $150

BetMGM Bonus Code COVERS50: $1,500 First Bet and Bet $10, Get $150 Offers Explained

New users in most states can activate the BetMGM bonus code COVERS50 to secure a $1,500 First Bet offer. If your first wager on Game 5 loses, BetMGM returns your entire stake in bonus bets, up to $1,500. For example, if you place a $1,500 bet on the Lakers to close out the series and they fall short, you receive five bonus bets worth $300 each, totaling $1,500. If your wager is under $50, you receive one bonus bet equal to your stake.

New users in CO, MI, NJ, PA, and WV have access to a separate offer using the same BetMGM bonus code COVERS50. Place a $10 wager on Game 5, and if it wins, you receive $150 in bonus bets issued as three $50 bonus bets. Whether your bet on the Rockets to extend the series wins or loses, you still collect $50 in BetMGM Rewards Points instantly upon sign-up.

BetMGM Rewards Points are a valuable perk worth understanding. They can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. Key terms and conditions for both offers include:

• A minimum $10 deposit is required to qualify for either offer.
• Bonus bets expire seven days from issuance.
• BetMGM does not return your stake when using bonus bets.
• Both offers expire at 11:59 p.m. ET on April 30, 2026.
• Offer is not available to users on self-exclusion lists.

What our experts say about Rockets vs. Lakers

Covers expert Jason Logan has made his Rockets vs. Lakers predictions, and he has a certain Laker hitting his Over for points as he continues to defy expectations for what is possible in this league at his age. 

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

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How to Claim Your BetMGM Welcome Offer for Rockets vs. Lakers Game 5

Signing up and placing your first bet on Game 5 between Houston and Los Angeles is straightforward. Follow these steps to claim your welcome offer before tip-off:

1. Download the BetMGM app or visit the BetMGM website to begin the registration process. Have your personal information ready, including your name, address, email address, and driver's license for identity verification.
2. Enter the BetMGM bonus code COVERS50 during registration. Most-state users will activate the $1,500 First Bet offer, while users in CO, MI, NJ, PA, and WV will activate the Bet $10, Get $150 offer. You will receive $50 in BetMGM Rewards Points instantly upon sign-up.
3. Deposit at least $10 using an accepted payment method such as Visa, Mastercard, debit card, bank transfer, Play+, Skrill, or PayPal.
4. Place your qualifying wager on Rockets vs. Lakers Game 5. Most-state users can bet up to $1,500 and receive that amount back in bonus bets if the wager loses. Users in CO, MI, NJ, PA, and WV should place at least $10 to qualify for $150 in bonus bets if the bet wins.
5. Winning cash bets are immediately withdrawable. Bonus bets must be used before any payout is accessible, and BetMGM does not return the stake on bonus bet wagers.

For a full breakdown of what BetMGM has to offer, read the BetMGM bonus review.