BetMGM Bonus Code COVERS50: Get $1.5K First Bet Bonus for NBA Finals, French Open, WNBA, MLB Games

The BetMGM bonus code COVERS50 unlocks two welcome offers for new users ready to bet on Thursday, June 4, headlined by the NBA Finals, Stanley Cup Final, French Open, MLB, and WNBA action. In most states, you can claim a $1,500 First Bet offer, while new users in CO, MI, NJ, PA, and WV can Bet $10 and Get $150 if it wins.

Both deals also come with $50 in BetMGM Rewards Points, and you can find more sportsbook promos to compare before signing up.

$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

Using the BetMGM bonus code at registration gives new users access to one of two welcome offers depending on their state. In most eligible states, including AZ, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, and WY, you receive the $1,500 First Bet offer. If your first wager loses, BetMGM returns your entire stake in bonus bets, up to $1,500. Wagers above $50 are returned as five bonus bets each worth 20% of your qualifying stake, while wagers of $50 or less come back as a single bonus bet. For example, if you placed a $1,500 bet on the Knicks or Spurs to win Game 1 of the NBA Finals and it lost, you would receive five $300 bonus bets totaling $1,500.

New users in CO, MI, NJ, PA, and WV are eligible for the Bet $10, Get $150 offer instead. Place a minimum $10 wager on any market, such as the NBA Finals or French Open, and if your bet wins, you receive $150 in bonus bets issued as three $50 bonus bets. Regardless of the outcome of either offer, every new user who signs up with code COVERS50 receives $50 in BetMGM Rewards Points instantly upon registration. Those points can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, or Gametime Vouchers.

Bonus bets from both offers expire seven days from issuance, and both offers are available until April 30, 2026, at 11:59 p.m. ET.

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How to Claim Your BetMGM Welcome Offer for the NBA Finals and More

Follow these steps to claim either BetMGM welcome offer and get in on the action for the NBA Finals, Stanley Cup Final, French Open, MLB, and WNBA on June 4.

1. Download the BetMGM app or visit the BetMGM website and click to register a new account. Have your name, address, email address, and driver's license ready to speed up the process.
2. Enter BetMGM bonus code COVERS50 during registration. This step is required to unlock either welcome offer and to receive your $50 in BetMGM Rewards Points instantly. Skipping the code will void the promotion.
3. Select a banking method and deposit a minimum of $10. Accepted payment options include Visa, Mastercard, debit cards, bank transfers, Play+, Skrill, and PayPal.
4. Place your first real-money wager on any sport or market. For the $1,500 First Bet offer, if your bet loses, you receive your stake back in bonus bets up to $1,500. For the Bet $10, Get $150 offer available in CO, MI, NJ, PA, and WV, if your $10 minimum wager wins, you receive $150 in bonus bets.
5. Use your bonus bets within seven days of issuance. Winning cash bets are withdrawable immediately, but bonus bets must be played through before any payout is available. Note that BetMGM does not return your stake when using bonus bets.

For a full breakdown of terms and user experience, check out the BetMGM bonus review before getting started.