The Cleveland Cavaliers and Toronto Raptors tip off their first-round playoff series Saturday, and new users can claim a valuable welcome offer with BetMGM bonus code COVERS50. This promotion provides up to $1,500 First Bet protection plus $50 BetMGM Rewards Points in most states, while users in Colorado, Michigan, New Jersey, Pennsylvania and West Virginia can secure $150 in bonus bets when their first $10 wager wins.
With both offers available through April 30, 2026, bettors can take advantage of these sportsbook promos for Saturday's playoff opener.
COVERS50
COVERS50
BetMGM Bonus Code Offers Two Welcome Promotions for Cavaliers vs Raptors
The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on your location. In Arizona, Colorado, Washington D.C., Iowa, Illinois, Indiana, Louisiana, Kansas, Kentucky, Massachusetts, Maryland, North Carolina, Ohio, Tennessee, Virginia and Wyoming, new users receive First Bet protection up to $1,500 plus $50 BetMGM Rewards Points. Meanwhile, bettors in Colorado, Michigan, New Jersey, Pennsylvania and West Virginia can claim $150 in bonus bets when their qualifying $10 wager wins, along with the same $50 BetMGM Rewards Points.
For the First Bet offer, if you place your initial wager on the Cavaliers to cover the spread against Toronto and lose, BetMGM returns your stake up to $1,500 in bonus bets. These bonus bets expire after seven days and are distributed as five separate credits worth 20% of your qualifying wager if you bet more than $50. For example, a losing $1,000 bet on Donovan Mitchell to score over 27.5 points would return five $200 bonus bets totaling $1,000.
The alternative offer in select states provides $150 in bonus bets when your first $10 wager wins. If you bet $10 on the Raptors moneyline and they pull off the upset victory, you receive your winnings plus three $50 bonus bets that expire in seven days. Both promotions include $50 BetMGM Rewards Points, which can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise or Gametime Vouchers.
What our experts are saying about Raptors vs. Cavaliers
Dean Wade o3.5 Total Rebounds (-125): Wade steps into the starting lineup for the Cavs as the best option to counter the Raptors' small forward, Brandon Ingram. Wade is a solid defender with length, and the 6-foot-9 forward has pulled down at least 4 rebounds in 15 of his last 24 games. Projections sit north of four boards for Game 1 on Saturday.
Get our expert Raptors vs. Cavaliers predictions for a loaded NBA playoff slate on Saturday.
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 Saturday's Playoff Game
Follow these steps to secure your BetMGM welcome bonus for the Cavaliers vs Raptors playoff opener:
- Register for a new BetMGM account and enter bonus code COVERS50 during the sign-up process
- Make a minimum $10 deposit using your preferred payment method
- Place your qualifying first bet of at least $10 on any market for Saturday's game
- Receive your bonus bets if your wager loses (First Bet offer) or wins (select states), plus $50 BetMGM Rewards Points
- Use your bonus bets within seven days before they expire
Both welcome offers remain available until 11:59 p.m. ET on April 30, 2026, giving you plenty of time to claim your bonus for this exciting playoff matchup. The Cavaliers enter as favorites despite Toronto's 3-0 regular season sweep, largely due to James Harden's midseason addition that transformed Cleveland's championship aspirations. Read our comprehensive BetMGM bonus review for additional details about this welcome promotion.
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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.
