The 2026 NFL Draft begins Thursday, April 23, and new bettors can capitalize on the action with the BetMGM bonus code COVERS50. This exclusive offer provides up to $1,500 First Bet protection in most states, while users in Colorado, Michigan, New Jersey, Pennsylvania and West Virginia can claim $150 in bonus bets when their first $10 wager wins. Both promotions include $50 in BetMGM Rewards Points and remain available through April 30.
With Fernando Mendoza expected to go No. 1 overall to the Las Vegas Raiders, this year's draft presents numerous betting opportunities across all three days. The unpredictable nature of the 2026 class makes it perfect for exploring sportsbook promos while wagering on draft position props, team selections and player futures.
COVERS50
COVERS50
BetMGM Bonus Code Offers Two Ways to Bet on 2026 NFL Draft
The BetMGM bonus code COVERS50 unlocks different welcome offers depending on your location. In Arizona, Colorado, Washington D.C., Iowa, Illinois, Indiana, Louisiana, Kansas, Kentucky, Massachusetts, Maryland, North Carolina, Ohio, Tennessee, Virginia and Wyoming, new users receive up to $1,500 in bonus bet protection on their first wager. Meanwhile, bettors in Colorado, Michigan, New Jersey, Pennsylvania and West Virginia can secure $150 in bonus bets when their initial $10 bet wins.
Both promotions require the bonus code COVERS50 during registration and include $50 in BetMGM Rewards Points regardless of your first bet's outcome. The $1,500 First Bet offer returns your stake as bonus bets if your initial wager loses, while the $150 promotion awards bonus bets only when your first $10 bet wins. For example, if you bet $100 on Mendoza to be drafted first overall and lose under the First Bet offer, you'd receive $100 in bonus bets. Under the $150 offer in eligible states, a winning $10 bet on any draft prop would earn you $150 in bonus bets plus your original winnings.
Key terms include:
- Minimum $10 deposit required for both offers
- Bonus bets expire seven days after issuance
- Offers expire April 30, 2026 at 11:59 p.m. ET
- BetMGM Rewards Points credited instantly upon registration
BetMGM Rewards Points can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise and Gametime Vouchers. Additional information about the rewards program is available at https://www.nj.betmgm.com/en/p/betmgmrewards.
Check if you can use our BetMGM bonus code in your state
| BetMGM Bonus Code | Eligible States |
| COVERS50 | 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) |
| COVERSBONUS | MI, NJ, PA, WV |
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How to Claim Your NFL Draft Betting Bonus
Getting started with either BetMGM welcome offer takes just a few simple steps before Thursday's opening round begins:
- Download the BetMGM Sportsbook app and click the registration link
- Enter the BetMGM bonus code COVERS50 during account creation
- Complete identity verification with your driver's license and personal information
- Make your first deposit of at least $10 using credit card, debit card, PayPal or other available methods
- Place your qualifying wager on any NFL Draft market, such as first overall pick, team selections or player position props
- Receive your bonus bets (if applicable) and $50 BetMGM Rewards Points
Both offers provide excellent value for betting on the draft's three-day format, from Thursday's first round through Saturday's final selections. Whether you're backing Mendoza to go first overall or exploring deeper draft props, these promotions enhance your betting experience throughout the weekend. Read our comprehensive BetMGM bonus review for additional details about terms, conditions 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.
