The BetMGM bonus code COVERS50 unlocks two outstanding welcome offers for new users ready to bet on Sunday's packed sports slate, including the final round of the PGA Championship. In most states, you can claim a $1,500 First Bet offer, while new users in CO, MI, NJ, PA, and WV can get $150 in bonus bets if their first $10 wager wins.
Both offers are live now, so May 17 is the perfect time to sign up and explore all available sportsbook promos before the action kicks off.
COVERS50
COVERS50
BetMGM Bonus Code COVERS50: How the $1,500 First Bet and $150 Offer Work
Using the BetMGM bonus code COVERS50 at registration gives new users access to one of two welcome offers depending on their state. In most eligible states, including AZ, IL, IN, MA, NC, and others, you can place a First Bet up to $1,500 on any market. If that bet loses, BetMGM returns your entire stake in bonus bets, up to $1,500. For example, if you placed a $1,500 wager on Scottie Scheffler to win the PGA Championship and it did not cash, you would receive five bonus bets worth $300 each, totaling $1,500. Wagers under $50 that lose return as a single bonus bet.
New users in CO, MI, NJ, PA, and WV have a different but equally compelling option. Place a $10 minimum wager on any market, such as a PGA Championship outright or an NBA playoff moneyline, and if it wins, you receive $150 in bonus bets issued as three $50 credits. Regardless of the outcome in either offer, all users receive $50 in BetMGM Rewards Points instantly upon signing up with code COVERS50.
BetMGM Rewards Points are a valuable perk worth understanding. They can be redeemed for bonus credits for digital play at BetMGM, converted to MGM Rewards Points or Marriott Bonvoy Points, used toward merchandise, or applied to Gametime Vouchers for live event experiences. Bonus bets from either offer expire seven days from issuance and cannot be withdrawn directly. Both offers require a minimum $10 deposit and are available to new users only. The deadline to claim either offer is April 30, 2026, at 11:59 p.m. ET.
- Most states: First Bet up to $1,500 returned in bonus bets if your first wager loses
- CO, MI, NJ, PA, WV: Bet $10, get $150 in bonus bets if your first wager wins
- All users: $50 in BetMGM Rewards Points instantly with code COVERS50
- Bonus bets expire seven days from issuance
- Minimum $10 deposit required; offer expires April 30, 2026
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 BetMGM Welcome Offer for the PGA Championship and Sunday's Full Slate
Signing up and claiming your BetMGM welcome offer ahead of Sunday's action is straightforward. Follow these steps to get started before the final round of the PGA Championship and the rest of the day's events tip off.
- Download the BetMGM app or visit the BetMGM website to begin the registration process. Have your personal information ready, including your name, address, email address, and driver's license for identity verification.
- Enter the BetMGM bonus code COVERS50 during registration. This step is required to unlock either welcome offer and to receive your $50 in BetMGM Rewards Points instantly. Skipping the code will void the promotion.
- Select your preferred banking method and deposit at least $10. Accepted options include credit cards such as Visa and Mastercard, debit cards, PayPal, Skrill, bank transfers, and Play+.
- Place your first real-money wager. Most-state users can bet up to $1,500 on any market, such as a PGA Championship outright winner or an NBA playoff spread. CO, MI, NJ, PA, and WV users should place at least $10 to qualify for the Bet $10, Get $150 offer if their bet wins.
- Collect your bonus. If your first bet loses under the $1,500 First Bet offer, bonus bets are credited to your account. If your $10 wager wins under the CO, MI, NJ, PA, WV offer, $150 in bonus bets arrives as three $50 credits. Either way, your $50 in BetMGM Rewards Points are already in your account.
For a deeper look at everything BetMGM has to offer new users, check out the full BetMGM bonus review.
More BetMGM Sportsbook promos, bonuses, and offers
- 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 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.
