The Masters Round 3 action heats up Saturday, and new users can capitalize with the BetMGM bonus code COVERS50. This exclusive offer provides two options: a $1,500 First Bet in most states or $150 in bonus bets if your $10 wager wins in Colorado, Michigan, New Jersey, Pennsylvania and West Virginia. Both promotions include $50 BetMGM Rewards Points instantly, perfect for wagering on Augusta National's moving day drama. These sportsbook promos remain available through April 30.
COVERS50
COVERS50
BetMGM Bonus Code Offers Two Paths for Masters Round 3 Betting
The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on your location. In Arizona, Colorado, Washington D.C., Iowa, Illinois, Indiana, Louisiana, Kansas, Kentucky, Massachusetts, Maryland, North Carolina, Ohio, Tennessee, Virginia and Wyoming, new users receive up to $1,500 back in bonus bets if their first wager loses. Meanwhile, bettors in Colorado, Michigan, New Jersey, Pennsylvania and West Virginia can claim $150 in bonus bets when their initial $10 bet wins, regardless of the outcome.
Both promotions require the bonus code COVERS50 during registration and a minimum $10 deposit. The $1,500 First Bet offer returns your stake as bonus bets if you lose, distributed as five separate credits worth 20% each for wagers over $50, or one bonus bet for smaller amounts. For example, if you bet $1,000 on Rory McIlroy to win his second consecutive green jacket and he falls short, you receive five $200 bonus bets totaling your original stake.
The $150 bonus offer in select states provides three $50 bonus bets when your qualifying $10 wager wins. If you back Scottie Scheffler to bounce back from recent struggles and claim his third Masters title in five years, a winning bet delivers your original winnings plus the bonus credits. All bonus bets expire seven days after issuance and cannot be withdrawn directly.
- Both offers include $50 BetMGM Rewards Points instantly
- Bonus code COVERS50 required during registration
- Minimum $10 deposit and qualifying wager needed
- Bonus bets expire after seven days
- Offer expires April 30, 2026 at 11:59 p.m. ET
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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Masters Round 3 Betting Opportunities at Augusta National
Saturday's third round at Augusta National presents numerous betting angles as the field separates heading into Sunday's finale. Defending champion Rory McIlroy seeks to join Tiger Woods as the only back-to-back Masters winners since 2002, while world No. 1 Scottie Scheffler aims to overcome recent struggles and add to his impressive Augusta resume. LIV Golf's top contenders Bryson DeChambeau and Jon Rahm provide compelling storylines, with DeChambeau chasing his first major championship at the venue where he's shown consistent improvement.
The BetMGM bonus code offers provide excellent value for wagering on moving day action. First-time major contenders like Ludvig Åberg, Xander Schauffele and Tommy Fleetwood enter as legitimate threats, while 16 Masters debutants add unpredictability to the leaderboard. Jacob Bridgeman's strong 2026 season includes a T-5 at The Players Championship, and Chris Gotterup arrives with two victories and a recent T-6 at the Houston Open.
BetMGM Rewards Points earned through both promotions offer additional value beyond the welcome bonuses. These points convert into bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise and Gametime Vouchers. The rewards program extends your betting experience beyond the initial promotion, providing ongoing benefits for continued play.
More BetMGM Sportsbook promos, bonuses, and offers
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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.
