Use the BetMGM bonus code COVERS1550, which is required, to claim a $1,500 First Bet and an additional $50 in Bonus Bets. New users can place that first wager on Week 7 college football.
As of Friday, Oct. 16, this is one of the top sportsbook promos available.
COVERS1550
BetMGM bonus code details
| BetMGM New Customer Offer | $1,500 First Bet Offer + $50 Bonus Bets |
| BetMGM Bonus Code | COVERS1550 |
| Minimum Deposit | $10 |
| Qualifying Bet | $1 to $1,500 |
| Bonus Bet Expiry | 7 Days |
| Eligibility | New Customers, 21+ in AZ, CO, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY |
| T&Cs |
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See Sports Betting | Legal Online Sportsbook at BetMGM | BetMGM 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. This promotional offer is not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico. |
| Date Verified | October 16 |
| Info Confirmed By | Michael Hoad |
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BetMGM Bonus Code COVERS1550: How the Week 7 College Football Offer Works
The BetMGM bonus code COVERS1550 is required to activate this welcome offer. It includes two parts: a $1,500 First Bet and $50 in Bonus Bets. Both are available only to new users in AZ, CO, DC, IA, IL, IN, LA, KS, KY, MD, NC, OH, TN, VA and WY.
To qualify, make a $10 initial deposit and place a real money wager on any Week 7 college football game. If your first bet loses, you receive your entire stake back, up to $1,500, in bonus bets. Wager more than $50 and BetMGM awards five bonus bets, each worth 20% of your qualifying wager, while a wager under $50 returns one bonus bet.
For example, say you place a $1,500 first bet on a Week 7 college football game and it loses. You would receive five $300 bonus bets, totaling $1,500. If that same bet wins, you collect your winnings as usual and withdraw them right away.
- The BetMGM bonus code COVERS1550 must be entered at registration, or the offer will be voided.
- Bonus bets expire seven days after they are issued.
- Bonus bets must be wagered before any payout is available, and only the winnings are returned, not the bonus itself.
- The $50 in Bonus Bets is awarded in addition to the First Bet offer.
- The offer must be claimed by Oct. 18, 2026, at 11:59 p.m. ET.
- Users on any self-exclusion list are not eligible.
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What is the BetMGM Bonus Code?
The BetMGM promo code is COVERS1550. Enter it at signup and deposit at least $10 to access a state-specific welcome offer: up to $1,500 in bonus bets if your first bet loses, or $150 in bonus bets if your qualifying $10 first bet wins.
Check if you can use our BetMGM bonus code in your state:
| BetMGM Bonus Code | Eligible States |
| COVERS1550 | AZ, CO, IA, IL, IN, KS, KY, LA, MD, MI, MO, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR) |
| COVERSBONUS | MI, NJ, PA, WV |
How To Claim the $1,500 First Bet and $50 in Bonus Bets
Follow these steps to claim both parts of the offer and bet on Week 7 college football.
- Download the BetMGM app and register with your name, address, email and phone number.
- Enter the BetMGM bonus code COVERS1550 during sign-up.
- Deposit at least $10 using a credit card, PayPal or another available method.
- Place your first bet on any Week 7 college football game.
- If it loses, receive your stake back in bonus bets, up to $1,500, plus the $50 in Bonus Bets.
Read the full BetMGM bonus review for more details.
More BetMGM Sportsbook promos, bonuses, and offers
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BetMGM also provides access to national and state-level organizations specializing in responsible gambling support. These services are confidential, with many available 24/7 throughout the year.
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