The BetMGM bonus code COVERS unlocks a $1,500 First Bet for new users looking to wager on College Basketball Round 1 action Thursday, March 19. This welcome offer gives back bonus bets if your first bet loses, making it an ideal opportunity to bet on today's tournament games. With four exciting matchups tipping off between 12 and 2 PM ET, including TCU vs. Ohio State and Nebraska vs. Troy, bettors can explore various sportsbook promos while backing their tournament picks.
COVERS
BetMGM Bonus Code Details for $1,500 First Bet
The BetMGM bonus code COVERS provides new customers with up to $1,500 in bonus bets if their first wager loses. This offer requires a minimum $10 deposit and is available to first-time users in eligible states, including Arizona, Colorado, Illinois, and many others. The bonus structure depends on your initial bet amount, with wagers over $50 receiving five separate bonus bets worth 20% each of your qualifying stake.
For example, if you bet $1,000 on Ohio State to cover the spread against TCU and lose, you would receive five $200 bonus bets totaling $1,000. Alternatively, betting $100 on Nebraska to win outright against Troy would result in five $20 bonus bets if unsuccessful. The bonus bets expire after seven days and cannot be withdrawn directly.
Key terms include:
- Minimum $10 deposit required
- Bonus bets expire in seven days
- Wagers under $50 receive one bonus bet
- Available in 20+ states, plus DC and Puerto Rico
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) |
Best BetMGM College Basketball Boosts
All Users
- Get an odds boost for any CBB bet
- Get a no sweat CBB parlay - stake back in bonus bets if you lose
- Get an odds boost for a bet on any sport
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How to Claim Your College Basketball Tournament Bonus
Follow these steps to claim your BetMGM welcome offer for today's tournament games:
- Register a new BetMGM account using bonus code COVERS
- Complete identity verification with required documentation
- Make a minimum $10 deposit to your new account
- Place your first real money bet on any College Basketball Round 1 game
- Receive bonus bets if your initial wager loses, up to $1,500
Read our comprehensive BetMGM bonus review for additional details about this sportsbook's features and betting options.
More BetMGM Sportsbook promos, bonuses, and offers
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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.
