Thanksgiving BetMGM Bonus Code 'COVERS': Make A $1,500 First Bet On NFL Thanksgiving Games

Claim your BetMGM bonus code COVERS offer for NFL Thanksgiving games. Get up to $1,500 back in bonus bets if your first wager loses.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Nov 27, 2025 • 08:27 ET • 3 min read
Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses. - IMAGN IMAGES
Photo By - Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses. - IMAGN IMAGES

NFL Thanksgiving features three compelling matchups with major playoff implications, making it the perfect time to claim the BetMGM bonus code COVERS offer. New users can secure up to $1,500 in bonus bets if their first wager loses on Thanksgiving Day action. This welcome offer stands among the top sportsbook promos available for the holiday slate.

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$1,500 First Bet
COVERS

BetMGM Bonus Code COVERS Delivers $1,500 First Bet Protection

The BetMGM bonus code COVERS provides new customers with first bet protection up to $1,500 on any Thanksgiving NFL game. After registering and making a minimum $10 deposit, place your first real money wager on markets like Packers vs. Lions, Chiefs vs. Cowboys, or Bengals vs. Ravens. If your initial bet wins, you keep all winnings and can withdraw immediately.

Should your first wager lose, BetMGM returns your stake in bonus bets within 24 hours. Wagers over $50 receive five separate bonus bets, each worth 20% of your original stake, while smaller bets receive one bonus bet equal to your loss. For example, a losing $1,000 bet on the Lions to cover against Green Bay would yield five $200 bonus bets totaling $1,000. All bonus bets expire after seven days and cannot be withdrawn directly.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, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR)

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How to Claim Your BetMGM Thanksgiving Offer

Claiming your BetMGM welcome bonus for NFL Thanksgiving requires just a few simple steps. First, click the registration link and create your account using the bonus code COVERS during signup. Provide the required personal information and verify your identity with a driver's license. Next, make your initial deposit of at least $10 using any accepted payment method. Finally, place your first real-money bet on any Thanksgiving game market, knowing you are protected up to $1,500 if it loses.

This offer is available to new customers in eligible states, including Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, North Carolina, Nevada, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. Read our comprehensive BetMGM bonus review for complete terms and additional insights.


More sportsbook promos, bonuses, and offers from BetMGM

  • 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. 

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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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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