BetMGM Bonus Code COVERS50: Get $1,500 Bonus Bets for NBA & NHL Playoffs, WNBA & MLB Games

The BetMGM bonus code COVERS50 unlocks two strong welcome offers just in time for Sunday's loaded sports slate, including NBA and NHL playoff action. New users can claim either a $1,500 First Bet or, in select states, a Bet $10, Get $150 offer, both available among the top sportsbook promos heading into May 25. Both deals also come with $50 in BetMGM Rewards Points instantly upon sign-up.

$1,500 First Bets
COVERS50

Claim $1,500

Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

Win $150

BetMGM Bonus Code COVERS50: How the $1,500 First Bet and $150 Offer Work

New users in most states where BetMGM operates can use the BetMGM bonus code to activate the $1,500 First Bet offer. Make a minimum $10 deposit and place your first wager on any market, including Sunday's Western Conference Finals Game 4 between the Spurs and Thunder or the Golden Knights-Avalanche clash. If that first bet loses, BetMGM returns your entire stake in bonus bets, up to $1,500.

For example, if you place a $1,500 moneyline bet on Victor Wembanyama and the Spurs and they lose, you receive five bonus bets worth $300 each, totaling $1,500. Wagers under $50 that lose return as a single bonus bet. Winning bets pay out cash immediately, and bonus bets expire seven days from issuance. This offer is available in AZ, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, and WY, and must be claimed by April 30, 2026, at 11:59 p.m. ET.

New users in CO, MI, NJ, PA, and WV have access to a different welcome offer using the same BetMGM bonus code COVERS50. Place a $10 wager on any game, such as the Nathan MacKinnon-led Avalanche taking on the Golden Knights in Vegas, and if it wins, you receive $150 in bonus bets issued as three $50 credits. Win or lose, all users under both offers receive $50 in BetMGM Rewards Points instantly upon sign-up.

BetMGM Rewards Points are a valuable perk that can be redeemed in several ways. Points can be used as bonus credits for digital play at BetMGM, converted to MGM Rewards Points for use at MGM properties, or exchanged for Marriott Bonvoy Points. They can also be used toward merchandise or Gametime Vouchers for live event experiences. More details are available at the BetMGM Rewards page.

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How to Claim Your BetMGM Welcome Offer for NBA and NHL Playoff Action

Signing up and claiming either BetMGM welcome offer is straightforward. Follow these steps to get started before tip-off or puck drop on Sunday:

1. Download the BetMGM app or visit the BetMGM website and click to register a new account. Have your name, address, email, and driver's license ready to speed up the process.
2. When prompted, enter the BetMGM bonus code COVERS50. This step is required to unlock either welcome offer and your $50 in BetMGM Rewards Points, which are credited instantly.
3. Make a minimum $10 deposit using any accepted payment method, including Visa, Mastercard, PayPal, Skrill, Play+, or bank transfer.
4. Place your first real-money wager. Most states qualify for the $1,500 First Bet offer. If you are in CO, MI, NJ, PA, or WV, your $10 bet qualifies for the Bet $10, Get $150 offer if it wins. Target any market on Sunday's NBA or NHL playoff games, MLB matchups, or WNBA action.
5. If your first bet loses under the $1,500 offer, bonus bets are credited to your account within 24 hours. Bets under $50 return as one bonus bet; bets of $50 or more return as five equal bonus bets. All bonus bets expire seven days from issuance and cannot be withdrawn directly.
6. Winning cash bets are available for immediate withdrawal. Use your bonus bets on any available market before accessing any payout from them.

For a full breakdown of terms and user experience, check out the BetMGM bonus review before signing up.