BetMGM Bonus Code COVERS1550: Claim $1,500 First Bet Bonus for Washington vs. Purdue, $50 Bonus Bets

Carson Deveau - Betting Editor at Covers.com
Carson Deveau • Sports Betting Editor 3+ years betting experience
Updated: Oct 16, 2026 , 06:00 PM ET • 3 min read

Use BetMGM bonus code COVERS1550 for a $1,500 First Bet plus $50 in Bonus Bets on Washington vs. Purdue. New users only.

Photo By - Use BetMGM bonus code COVERS1550 to get up to $1,500 bonus bets back if your first bet loses + $50 Bonus Bets!.

Use the BetMGM bonus code COVERS1550 to claim a $1,500 First Bet plus $50 in Bonus Bets on Washington vs. Purdue. A code is required to activate the offer, and it is available to new users who sign up by Oct. 18 at 11:59 p.m. ET.

Check out other sportsbook promos to compare what is available.

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$1,500 First Bet + $50
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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How the $1,500 First Bet Works for Washington vs. Purdue

The Friday night Big Ten matchup between Washington and Purdue can serve as your Day 1 qualifying wager. The BetMGM bonus code COVERS1550 is required, and the offer includes two parts: a $1,500 First Bet and $50 in Bonus Bets.

Here are the key terms for this offer:

  • New users only in AZ, CO, DC, IA, IL, IN, LA, KS, KY, MD, NC, OH, TN, VA and WY.
  • You must make a $10 initial deposit and place a real money wager to activate the welcome bonus.
  • 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. Wager less than $50 and you receive one bonus bet.
  • Bonus bets expire after seven days.
  • You have until Oct. 18, 2026, at 11:59 p.m. ET to claim the offer.
  • Users on any self-exclusion list for gambling cannot use BetMGM.

Here is how it plays out with a wager on Washington vs. Purdue. If you bet $1,500 on the game and it loses, you would receive five $300 bonus bets, adding up to $1,500. If your bet wins, your winnings are immediately withdrawable, and you still receive the additional $50 in Bonus Bets.

Bonus bets must be wagered before any payout is available, and only winnings from a bonus bet wager are returned, not the bonus bet itself. If you struggle with problem gaming, BetMGM offers responsible gambling features for assistance.

Bet $10 on one of our Washington Huskies vs Purdue Boilermakers picks and get $1,500 back in bonus bets if it loses on BetMGM

BetMGM's first-bet insurance offer gives bettors up to $1,500 back in bonus bets, making it an ideal way to back these Washington Huskies vs. Purdue Boilermakers picks from top NCAAF analysts.

  • Colby Marchio backs Purdue -3.5 at -3.5 -105, reasoning that the Boilermakers have won back-to-back games over Illinois and Minnesota and hold a favorable spot against a Washington team with three losses and an underwhelming resume, with the Huskies traveling across two time zones; a winning $10 wager at -105 returns roughly $9.52 in profit, while a loss would trigger BetMGM's first-bet offer of up to $1,500 back in bonus bets.

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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 BetMGM Bonus Code Offer

    Follow these steps to claim the $1,500 First Bet and $50 in Bonus Bets.

    1. Download the BetMGM app and register as a new user.
    2. Enter your personal information, including name, address, email address and phone number.
    3. Enter the BetMGM bonus code COVERS1550 during sign-up.
    4. Deposit at least $10 using your preferred payment method.
    5. Place your first bet on Washington vs. Purdue.
    6. Receive your $50 in Bonus Bets and, if your first bet loses, bonus bets back up to $1,500.

    Read our full BetMGM bonus review for more details.


    More BetMGM Sportsbook promos, bonuses, and offers

    • Welcome to MGM Rewards: Earn MGM Rewards Points and redeem them for hotel stays, dining, entertainment, and more.

    BetMGM responsible gambling features

    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.

    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.


    Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

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    Carson Deveau - Covers
    Sports Betting Editor

    Carson Deveau is a content editor for Covers, focusing on the commercial aspect of North America’s rapidly growing sports betting and iGaming market. Carson's passion for the industry pushes him to continue providing insightful sportsbook and iGaming reviews for bettors of all experience levels.

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