The Masters returns to Augusta National on Thursday, April 9, and new users can capitalize on the season's first major with the BetMGM bonus code COVERS50. This exclusive offer provides up to $1,500 First Bet protection plus $50 BetMGM Rewards Points, while select states receive $150 in bonus bets when their first $10 wager wins. With defending champion Rory McIlroy seeking to become the first repeat winner since Tiger Woods, there's no better time to explore sportsbook promos for golf's most prestigious tournament.
COVERS50
COVERS50
BetMGM Bonus Code Offers Two Ways to Win at The Masters
The BetMGM bonus code COVERS50 delivers two distinct welcome offers depending on your location. New users in Arizona, Colorado, DC, Iowa, Illinois, Indiana, Louisiana, Kansas, Kentucky, Massachusetts, Maryland, North Carolina, Ohio, Tennessee, Virginia, and Wyoming can claim up to $1,500 in bonus bet protection on their first wager. Meanwhile, bettors in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia receive $150 in bonus bets when their initial $10 bet wins, regardless of the outcome.
Both offers include $50 in BetMGM Rewards Points, which provide valuable benefits including bonus credits for digital play, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. For example, if you place a $100 bet on McIlroy to win his second consecutive green jacket at +800 odds and it loses under the First Bet offer, you'll receive $100 in bonus bets to continue wagering on The Masters. If that same bet wins in eligible states under the $150 offer, you'll collect your $800 payout plus $150 in bonus bets for additional tournament action.
The First Bet protection covers your entire stake up to $1,500, making it perfect for larger wagers on favorites like Scottie Scheffler or longshot picks on Masters debutants like Chris Gotterup. Bonus bets expire seven days after issuance and don't include the stake in any potential payout. Both promotions require the BetMGM bonus code COVERS50 and remain available until 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 |
Best BetMGM Boosts
All Users
- Get an odds boost for any Masters bet
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How to Claim Your Masters Betting Bonus
Securing your BetMGM welcome offer for The Masters requires just a few simple steps, with both promotional options available through the same registration process.
- Download the BetMGM app and click the registration link to create your new account
- Enter the BetMGM bonus code COVERS50 during signup to activate both offers
- Make a minimum $10 deposit using credit cards, debit cards, PayPal, or other accepted methods
- Place your first real money wager on any Masters market, from outright winner bets to round-by-round props
- Receive your bonus bets if your First Bet loses (up to $1,500) or when your $10 bet wins ($150 in select states)
- Collect your $50 BetMGM Rewards Points immediately after completing your first wager
Whether you're backing McIlroy's repeat bid, betting on Scheffler's return to form after his son's recent birth, or taking a chance on Cameron Young following his PLAYERS Championship victory, both offers provide excellent value for The Masters. Read our comprehensive BetMGM bonus review for additional details on terms, conditions, and betting options for golf's most prestigious major championship.
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.
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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.
