Use the BetMGM bonus code COVERS1550 to claim a $1,500 First Bet plus $50 in Bonus Bets, and a code is required. New users can apply both offers to Week 7 college football on Saturday, Oct. 17.
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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 Explained for Week 7 College Football
The BetMGM bonus code COVERS1550 is required to activate this welcome package, which includes a $1,500 First Bet and an additional $50 in Bonus Bets. Your first wager can be placed on any Week 7 college football game, including Ohio State at Indiana, Notre Dame at BYU or Alabama at Tennessee. Treat that first wager as bet 1 of your welcome offer.
Here is how the First Bet works. If your first bet loses, BetMGM returns your entire stake, up to $1,500, in bonus bets. If you wager more than $50, you receive five bonus bets, each worth 20% of your qualifying wager. If you wager less than $50, you receive one bonus bet.
For example, say you place a $1,500 bet on a Week 7 college football game and it loses. You would receive five $300 bonus bets, adding up to $1,500. If your bet wins, you collect your winnings as normal and winning bets are immediately withdrawable.
Review the key terms before you sign up:
- The offer is for new users in AZ, CO, DC, IA, IL, IN, LA, KS, KY, MD, NC, OH, TN, VA and WY.
- The BetMGM bonus code COVERS1550 must be entered at registration or the offer will be voided.
- A $10 minimum deposit and a real money wager are required to activate the welcome bonus.
- Bonus bets expire after seven days.
- Bonus bets must be wagered before any payout is available, and only winnings are returned, not the bonus itself.
- The offer must be claimed by Oct. 18, 2026, at 11:59 p.m. ET.
- Users on any self-exclusion list cannot use BetMGM.
In CO, MI, NJ, PA and WV, a different version of the offer applies: bet $10 and get $150 if it wins. The extra $50 in Bonus Bets is also credited after you claim the offer.
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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 offers and place your first bet on Week 7 college football.
- Download the BetMGM app and register for a new account.
- Enter your name, address, email address and phone number.
- Enter the BetMGM bonus code COVERS1550 during registration.
- Deposit at least $10 using a credit card, PayPal or another banking option.
- Place your first wager on a Week 7 college football game. If it loses, your stake comes back in bonus bets, up to $1,500.
- Receive your additional $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 partners with GameSense to provide responsible gambling resources designed to help bettors manage their activity. The operator offers educational resources focused on setting personal betting limits, along with tools such as deposit limits and self-exclusion periods to help customers stay within their means.
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