BetMGM Bonus Code 'COVERS': Get Up To $1,500 Bonus Bets Back If Your First Bet On The Big Game Loses

Use BetMGM bonus code COVERS for a $1,500 First Bet on the Big Game between New England vs Seattle. Get bonus bets back if your first bet loses.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Jan 29, 2026 • 07:05 ET • 3 min read
Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses.
Photo By - Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses.

The BetMGM bonus code "COVERS" unlocks a $1,500 First Bet for new users looking to wager on the Big Game between New England and Seattle On February 8. This welcome offer provides bonus bets back if your first bet loses, making it an excellent opportunity to bet on this highly anticipated Championship matchup. New bettors can explore various sportsbook promos available for major sporting events.

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$1,500 First Bets
COVERS

BetMGM Bonus Code Details for New England vs Seattle

The BetMGM bonus code "COVERS" gives first-time customers up to $1,500 in bonus bets if their initial wager loses. This offer applies to any betting market, including moneylines, point spreads, and totals for the New England vs Seattle Championship game. New users must make a minimum $10 deposit and place a real money wager to activate this promotion.

The bonus bet structure depends on your initial wager amount. If you bet $50 or less and lose, you receive one bonus bet equal to your stake. For wagers over $50, BetMGM awards five separate bonus bets, each worth 20% of your qualifying wager amount.

For example, if you place a $1,000 bet on New England to win and they lose, you would receive five $200 bonus bets totaling $1,000. If Seattle covers the spread but your $75 wager loses, you get five bonus bets worth $15 each. All bonus bets expire after seven days and cannot be withdrawn directly.


Check if you can use our BetMGM bonus code in your state

BetMGM Bonus Code Eligible States
 "COVERS1500" 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)

BetMGM odds for Seattle vs New England


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How to Claim Your $1,500 First Bet for the Big Game

Follow these steps to claim your BetMGM welcome offer and bet on the New England vs Seattle Championship:

  1. Register a new BetMGM account using the bonus code "COVERS" and provide the required personal information for identity verification
  2. Make an initial deposit of at least $10 using any accepted payment method
  3. Place your first real money wager on any New England vs Seattle betting market
  4. If your bet wins, withdraw your winnings immediately; if it loses, receive bonus bets within 24 hours
  5. Use bonus bets within seven days on any sports market to unlock potential payouts

This offer is available to new customers 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. Read our comprehensive BetMGM bonus review for additional details about terms and conditions.


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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Peter Clarke - Covers
Senior Editor

Peter Clarke is dedicated to keeping bettors informed about the biggest sports betting events, such as the Super Bowl and March Madness, and the best way to cash in on sportsbook promos. He's also always on top of the latest welcome offers from the biggest sportsbooks, so he can share the best deals and the most exciting games to use them on every day.

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