BetMGM Bonus Code COVERS: Claim $1,500 Bonus Bets for Rangers vs. Penguins, Saturday NHL Matchups

Use BetMGM bonus code COVERS for a $1,500 First Bet on Rangers vs. Penguins Saturday. Get bonus bets back if your first wager loses.

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor
Jan 31, 2026 • 12:15 ET • 3 min read

The BetMGM bonus code COVERS unlocks a $1,500 First Bet for Saturday's Rangers vs. Penguins Metropolitan Division showdown. New users can claim this welcome offer and receive bonus bets back if their first wager loses on Jan. 31.

This generous promotion from one of the top sportsbook promos available makes it the perfect time to back either team in this crucial divisional matchup.

BetMGM Logo
$1,500 First Bets
COVERS

BetMGM Bonus Code Delivers $1,500 First Bet for Rangers vs. Penguins

The BetMGM bonus code COVERS provides new customers with excellent value through a $1,500 First Bet offer. This promotion allows you to place your initial wager on the Rangers vs. Penguins game with the safety net of receiving your stake back in bonus bets if your bet loses. Whether you're backing the struggling Rangers or the red-hot Penguins, this offer provides substantial protection for your first sports betting experience.

The offer works by returning your entire stake, up to $1,500, in bonus bets if your first real money wager loses. For wagers over $50, BetMGM awards five separate bonus bets, each worth 20% of your qualifying wager amount. If you bet $1,000 on the Rangers to win and they lose, you would receive five $200 bonus bets totaling $1,000.

Key terms and conditions include:

  • Minimum $10 deposit required to qualify
  • Bonus bets expire after seven days
  • Available to new users in eligible states including NY and PA
  • Must use bonus code COVERS during registration

For Saturday's Metropolitan Division clash, you could wager on the Penguins' moneyline as they look to solidify their playoff position, or take a chance on the Rangers pulling off an upset despite sitting Artemi Panarin. The Rangers' struggles this season make them an intriguing underdog play, while Pittsburgh's recent hot streak suggests they could cover any spread.


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

BetMGM Bonus Code Eligible States
 COVERS 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)

Best BetMGM NHL Boosts

BetMGM All Users

  • Hat Trick Jackpot: Win a share of $10K in bonus bets if your anytime goal scorer bet scores 3+ goals

BetMGM odds for Rangers vs Penguins


Enjoying Covers content? Add us as a preferred source on your Google account Add as a preferred source on Google

How to Claim Your Rangers vs. Penguins First Bet

Follow these simple steps to claim your BetMGM welcome offer and bet on Saturday's Rangers vs. Penguins game:

  1. Click the registration link and create your BetMGM account using bonus code COVERS
  2. Verify your identity by providing required personal information and driver's license
  3. Make your first deposit of at least $10 using any accepted payment method
  4. Place your first real money wager on Rangers vs. Penguins or any other available market
  5. If your bet wins, withdraw your winnings immediately or continue betting
  6. If your bet loses, receive your stake back up to $1,500 in bonus bets within 24 hours

Read our comprehensive BetMGM bonus review for additional details about this sportsbook's features and betting options.


More BetMGM Sportsbook promos, bonuses, and offers

  • 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.

Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).
21+ and present in select states.Gambling Problem? Call 1-800-GAMBLER (CO, IA, KY, MI, NJ, OH, PA, IL, TN, VA, VT), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV).

Pages related to this topic

Luc LeBlanc
Content Editor

Luc has been passionate about sports since he was a child, playing competitive hockey and staying closely tuned to professional leagues. Today, he brings that same energy to his work as a Content Editor, covering NHL games, player props, and betting trends with a sharp, analytical eye.

Since 2023, Luc has been writing picks and analysis for various publications, helping readers discover value in several major sports. While hockey is his specialty, he also closely follows tennis, keeping up with both the ATP and WTA Tours.

A graduate of Saint Mary’s University (BSc, Geography, 2025), Luc approaches sports betting the way he approaches maps and statistics by looking for patterns, trends, and angles that give him an edge. He focuses on research-backed and well-informed picks, spotting correlations, and finding the best opportunities in player props and game markets.

When he’s not making data-driven betting decisions or breaking down NHL matchups, you’ll find Luc on the ice, hitting the tennis courts, or engaging in some other form of exercise — staying connected to the sports he loves.

Popular Content

Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo