BetMGM Bonus Code COVERS: Secure $1.5K in Bonuses for Holiday Bowl Arizona vs. SMU

Get a $1500 First Bet with BetMGM bonus code COVERS for Arizona vs SMU Holiday Bowl. New users get bonus bets back if first bet loses.

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor
Jan 2, 2026 • 17:15 ET • 3 min read
Photo By - Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses. - IMAGN IMAGES

The Arizona vs. SMU Holiday Bowl on Friday promises an exciting matchup between two teams playing at full strength, making it an ideal opportunity to claim the BetMGM bonus code offer. New users can secure up to $1,500 in bonus bets if their first wager loses by using promo code "COVERS" when betting on this compelling bowl game.

This generous welcome offer stands out among sportsbook promos available for the January 2 showdown between the Wildcats and Mustangs in San Diego.

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$1,500 First Bet
COVERS

BetMGM bonus code COVERS delivers $1500 First Bet protection

The BetMGM bonus code "COVERS" provides new customers with substantial protection on their initial wager. After making a minimum $10 deposit and placing your first real money bet on the Arizona vs. SMU Holiday Bowl, you'll receive your stake back in bonus bets if your wager loses, up to a maximum of $1,500. For example, if you bet $500 on Arizona to cover the spread and they fall short, BetMGM will credit your account with $500 in bonus bets to use on future wagers.

The bonus bet structure varies based on your initial wager amount. Bets over $50 are divided into five equal bonus bets, each worth 20% of your original stake, while smaller wagers receive a single bonus bet. All bonus bets expire after seven days and cannot be withdrawn directly - you must use them to place additional wagers. This $1,500 First Bet offer is available to new users in eligible states including Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, Nevada, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.


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)

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BetMGM odds for Arizona vs SMU


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How to claim your Holiday Bowl betting bonus

Claiming your BetMGM welcome offer for the Arizona vs. SMU Holiday Bowl requires just a few simple steps.

First, register for a new BetMGM account using bonus code "COVERS" and provide the necessary personal information and identification verification. Next, make your initial deposit of at least $10 to activate your account and qualify for the promotion.

Once your account is funded, place your first real money wager on any Holiday Bowl market, whether it's the point spread, total points, or player props. If your bet wins, you can immediately withdraw your winnings, but if it loses, BetMGM will credit your account with bonus bets equal to your stake up to $1,500. Remember to use your bonus bets within seven days as they expire after that period.

For more details about this operator's offerings, check out our comprehensive BetMGM bonus review.


More BetMGM Sportsbook promos, bonuses, and offers from

  • Get A Second Chance On First TD Bets: Get your Stake back if your First TD Scorer pick scores the second TD instead!
  • Welcome to MGM Rewards: Earn MGM Rewards Points and redeem them for hotel stays, dining, entertainment, and more.

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Luc LeBlanc
Content Editor

Luc has been keeping up with various realms of the sports world since a young age, playing an abundance of competitive sports as a child, and is still going strong as a hockey player to this day. Having been involved with sports media and the sports betting world for two years and graduating from university in 2025, he ultimately chose to pursue a career in sports media.Luc has over five years of experience in sports betting across a wide range of professional sports and has been providing valuable insights since debuting in the field as a sports betting expert with various publications in 2023. He has a wide base of sports knowledge, though his favorites are undoubtedly hockey and tennis – always staying up to date with the NHL and following the ATP and WTA tours.When betting, Luc always does his due diligence, analyzing trends and finding value by recognizing and linking valuable props to other probable outcomes.

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