BetMGM Bonus Code 'COVERS': Make A $1.5K First Bet On Thunder-Lakers Action Tonight

Use BetMGM bonus code COVERS for a $1,500 First Bet on Thunder vs Lakers Monday. Get bonus bets back if your first wager loses.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Feb 9, 2026 • 19:05 ET • 3 min read

The BetMGM bonus code COVERS unlocks a $1,500 First Bet for new users looking to wager on Monday's Thunder vs Lakers matchup. This welcome offer requires the bonus code COVERS and provides bonus bets back if your first wager loses. With several sportsbook promos available, this BetMGM offer stands out for its high limit as both teams face key injury concerns on Feb. 9.

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$1,500 First Bets
COVERS

BetMGM $1,500 Bonus Code Offer Details

The BetMGM bonus code COVERS provides new customers with protection on their first real money wager up to $1,500. This offer requires the promo code COVERS during registration and is available across multiple states, including Arizona, Colorado, Illinois, Indiana, and many others. New users must make a minimum $10 deposit and place their first bet on any sports market to activate this welcome bonus.

If your initial wager on the Thunder vs Lakers game loses, BetMGM returns your stake in bonus bets. For wagers over $50, the operator provides five separate bonus bets, each worth 20% of your qualifying wager amount. For example, if you bet $1,000 on the Lakers to cover the spread and lose, you would receive five $200 bonus bets totaling $1,000. Wagers under $50 receive one bonus bet equal to the stake amount.

Key terms include:

  • Bonus bets expire after seven days
  • Minimum $10 deposit required
  • Available for first-time BetMGM customers only
  • Bonus bets cannot be withdrawn, only used for additional wagers

With Shai Gilgeous-Alexander sidelined for Oklahoma City and the Lakers missing Luka Doncic, this game presents interesting betting opportunities. If you bet on the Thunder to win outright and they pull off the upset, you keep your winnings and can withdraw them immediately. However, if the Lakers cover a potential spread and your Thunder bet loses, the bonus bets provide a second chance to profit from this Western Conference matchup.


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

BetMGM Bonus Code Eligible States
 "COVERS" 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)

BetMGM odds for Thunder vs Lakers


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How to Claim Your Thunder vs Lakers Betting Bonus

Follow these steps to claim your BetMGM welcome offer for Monday's game:

  1. Click the registration link and enter the bonus code COVERS during account creation
  2. Complete identity verification with your driver's license and personal information
  3. Make your initial deposit of at least $10 using any accepted payment method
  4. Place your first real money wager on Thunder vs Lakers or any available sports market
  5. If your bet loses, receive bonus bets equal to your stake within 24 hours

Read our comprehensive BetMGM bonus review for additional details about this sportsbook's features and betting options.


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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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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