The BetMGM bonus code COVERS50 unlocks two of the best sportsbook promos available for Friday, May 22, just in time for Spurs vs. Thunder Game 3. New users in most states can claim a $1,500 First Bet, while new users in CO, MI, NJ, PA, and WV can instead opt for the Bet $10, Get $150 offer.
Both deals also come with $50 in BetMGM Rewards Points just for signing up.
COVERS50
COVERS50
BetMGM Bonus Code COVERS50: How the $1,500 First Bet and Bet $10, Get $150 Offers Work
Entering the BetMGM bonus code at registration gives new users access to one of two welcome offers depending on their state. In most eligible states, the $1,500 First Bet offer applies: place your first real-money wager on any market, and if it loses, BetMGM returns your entire stake in bonus bets, up to $1,500. If you wager more than $50 and lose, those bonus bets are issued as five separate credits, each worth 20% of your qualifying wager. For example, if you placed a $1,500 bet on the Thunder moneyline in Game 3 and it lost, you would receive five $300 bonus bets totaling $1,500. If you wagered $50 or less and lost, you receive a single bonus bet equal to your stake.
New users in CO, MI, NJ, PA, and WV have a different path. With the same BetMGM bonus code COVERS50, place a minimum $10 wager on Game 3, and if it wins, you receive $150 in bonus bets issued as three $50 credits. Whether your bet on the Spurs or Thunder wins or loses, you still collect $50 in BetMGM Rewards Points. Key terms for both offers include:
- A minimum $10 deposit is required to qualify.
- Bonus bets expire seven days from issuance.
- The offer is available to new users only and must be claimed by April 30, 2026, at 11:59 p.m. ET.
- BetMGM does not return your stake when using bonus bets.
- Users on self-exclusion lists are not eligible.
The $50 in BetMGM Rewards Points you receive instantly upon signing up can be redeemed in several ways, including bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. You can learn more about the BetMGM Rewards program 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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Covers expert Jason Logan has made his Spurs vs. Thunder predictions and expects a bounce-back performance from Victor Wembanyama after a historic Game 1 showing.
Try the boost on JLo's Spurs vs. Thunder Game 2 picks!
- SAS Moneyline
- Victor Wembanyama o25.5 Points Scored
- Chet Holmgren o1.5 3-Pointers Made
Live BetMGM odds for Spurs vs Thunder
These odds update every 5 minutes.
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How to Claim Your BetMGM Offer for Spurs vs. Thunder Game 3
Claiming your BetMGM welcome offer ahead of Game 3 between San Antonio and Oklahoma City is straightforward. Follow these steps to get started:
- Download the app: Get the BetMGM app on your mobile device to explore available markets, banking options, and navigation before registering.
- Register: Click through to BetMGM Sportsbook and create your new account. Have your name, address, email address, and driver's license ready to speed up the verification process.
- Enter the code: Input BetMGM bonus code COVERS50 during registration. This activates your $50 BetMGM Rewards Points instantly and qualifies you for your chosen welcome offer. Skipping the code will void the promotion.
- Deposit funds: Add at least $10 using a supported payment method such as Visa, Mastercard, debit card, bank transfer, PayPal, Skrill, or Play+.
- Place your bet: Wager on Spurs vs. Thunder Game 3 on any available market, including moneylines, point spreads, totals, or player props. Most-state users placing the $1,500 First Bet will receive bonus bets back if the wager loses. Users in CO, MI, NJ, PA, and WV placing the Bet $10, Get $150 offer will receive $150 in bonus bets if their initial $10 wager wins.
- Collect your rewards: Winning bets are immediately withdrawable. Bonus bets must be played through before any payout is available. Your $50 in BetMGM Rewards Points are credited to your account right away.
For a full breakdown of what BetMGM has to offer 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.
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.
