BetMGM Bonus Code COVERS50 Unlocks $50 in Reward Points and a $1,500 First Bet for T-Wolves vs Spurs

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor 16+ years betting experience
Updated: May 12, 2026 , 05:10 PM ET • 3 min read

Use BetMGM bonus code COVERS50 for a $1,500 First Bet or Bet $10, Get $150 for Timberwolves vs Spurs Game 5.

Use BetMGM bonus code COVERS50 to get up to $1,500 bonus bets back if your first bet loses.
Photo By - Use BetMGM bonus code COVERS50 to get up to $1,500 bonus bets back if your first bet loses.

The BetMGM bonus code COVERS50 unlocks two welcome offers for new users looking to bet on Tuesday, May 13's Timberwolves vs. Spurs Game 5. Depending on your state, you can claim either a $1,500 First Bet or a Bet $10, Get $150 offer, plus $50 in BetMGM Rewards Points in both cases. No matter which deal applies to you, these are among the best sportsbook promos available for this pivotal Western Conference semifinals matchup.

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$1,500 First Bets
COVERS50
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Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

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

New users in most states can activate the BetMGM bonus code COVERS50 to claim a $1,500 First Bet offer. To get started, make a minimum $10 deposit and place your first real-money wager on Game 5. If that bet loses, BetMGM returns your entire stake back in bonus bets, up to $1,500. Wagers above $50 are returned as five bonus bets each worth 20% of your original stake, while wagers of $50 or less come back as a single bonus bet. For example, if you placed a $1,500 bet on Anthony Edwards to lead the Timberwolves to a Game 5 win and it lost, you would receive five $300 bonus bets totaling $1,500. Bonus bets expire seven days from issuance.

New users in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia are eligible for a different deal using the same BetMGM bonus code COVERS50: Bet $10, Get $150 in bonus bets if your first wager wins. Place at least $10 on Game 5, and a winning bet earns you $150 in bonus bets issued as three $50 credits. If you backed De'Aaron Fox to lead the Spurs past Minnesota and he delivered, you would collect your winnings plus that $150 bonus. Regardless of the outcome of either offer, all new users receive $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. Learn more at the BetMGM Rewards page. Both offers are available to new users only and must be claimed by April 30, 2026, at 11:59 p.m. ET. Users on any self-exclusion lists are not eligible.


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 BetMGM Welcome Offer for Timberwolves vs. Spurs Game 5

Claiming either BetMGM welcome offer ahead of Tuesday's Game 5 is straightforward. Follow these steps to get started:

  1. Download the BetMGM app or visit the BetMGM website and click to register a new account. Have your personal information ready, including your name, address, email address, and driver's license for identity verification.
  2. When prompted during registration, enter the BetMGM bonus code COVERS50. This step is required to unlock either the welcome offer or your $50 in BetMGM Rewards Points. Skipping the code will void the promotion.
  3. Make a minimum $10 deposit using any available payment method, including Visa, Mastercard, debit cards, PayPal, Skrill, bank transfer, or Play+.
  4. Place your first real-money wager on Timberwolves vs. Spurs Game 5. You can bet on moneylines, point spreads, totals, player props, same-game parlays, and more. If you are in most states and your bet loses, you receive bonus bets back up to $1,500. If you are in CO, MI, NJ, PA, or WV and your bet wins, you receive $150 in bonus bets.
  5. Collect your $50 in BetMGM Rewards Points immediately after signing up, regardless of the outcome of your wager. Winning bets are withdrawable right away, while bonus bets must be used before any payout is available.

For a full breakdown of everything BetMGM has to offer, check out the BetMGM bonus review.


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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.

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Peter Clarke - Covers
Senior Editor

Peter Clarke is dedicated to keeping bettors informed about the biggest sports betting events, such as the Super Bowl and March Madness, and the best way to cash in on sportsbook promos. He's also always on top of the latest welcome offers from the biggest sportsbooks, so he can share the best deals and the most exciting games to use them on every day.

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