BetMGM Bonus Code COVERS50: Claim $1.5K Bonus If Your Bet on The Open Loses

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor 3+ years betting experience
Updated: Jul 16, 2026 , 07:15 AM ET • 3 min read

Use BetMGM bonus code COVERS50 for The Open Championship. Get $1,500 First Bet or Bet $10, Get $150 in select states.

Photo By - Use BetMGM bonus code COVERS50 to get up to $1,500 bonus bets back if your first bet loses.

New users can use the BetMGM bonus code to claim one of two welcome offers ahead of The Open Championship, which tees off Thursday, July 17, at Royal Birkdale. Available as of July 16, new users in most states can place a $1,500 First Bet, while bettors in CO, MI, NJ, PA, and WV can Bet $10 and Get $150 if it wins. Both offers also include $50 in BetMGM Rewards Points, and both can be activated with code COVERS50.

Place your first bet on sportsbook promos like outright winner markets or round-by-round props at The Open.

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$1,500 First Bets
COVERS50
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Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

BetMGM Bonus Code COVERS50: How the Open Championship Offer Works

The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on your state. In most states, new users get a $1,500 First Bet, meaning if your first wager loses, BetMGM returns your stake in bonus bets up to $1,500. In CO, MI, NJ, PA, and WV, the offer is Bet $10, Get $150 in bonus bets if your first wager wins.

Here is how each offer breaks down for The Open Championship:

  • If you place a $1,500 first bet on Scottie Scheffler to win The Open and it loses, you receive five bonus bets worth $300 each, totaling $1,500. Wagers under $50 receive one bonus bet equal to the stake.
  • If you are in MI, NJ, PA, or WV and bet $10 on Rory McIlroy to win and he does, you receive your winnings plus $150 in bonus bets issued as three $50 credits.
  • Regardless of outcome, all new users receive $50 in BetMGM Rewards Points instantly upon sign-up.
  • Bonus bets expire seven days from issuance and cannot be withdrawn directly.
  • A minimum $10 deposit is required to qualify for either offer.
  • This offer is available only to new BetMGM users who are not on any self-exclusion lists.

BetMGM Rewards Points are not just a small perk. They can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. Full details on BetMGM Rewards are available at the BetMGM Rewards page.

Get our expert The Open predictions

Check out all of our The Open predictions ahead of golf's final Major of the year!

Make sure to visit our WC26 picks page to check out all of our daily picks, predictions, and more!


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

BetMGM All Users

  • Get your stake back in cash if your bet on a golfer to win The Open finishes in 2nd place
  • Get an odds boost for any Open Championship bet

Check out all BetMGM odds and profit boosts for today.


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How to Claim Your $1,500 First Bet or $150 Bonus for The Open Championship

Claiming your BetMGM welcome offer before The Open Championship gets underway is straightforward. Follow these steps to get started:

  1. Download the BetMGM app and explore the platform, including banking options, navigation, and available markets for The Open Championship.
  2. Click through to register a new BetMGM account. Have your name, address, email address, and driver's license ready to speed up the verification process.
  3. Enter the BetMGM promo code COVERS50 during registration. Skipping this step will void the offer, so make sure to input the code before completing sign-up.
  4. Deposit at least $10 using an accepted payment method. Options include Visa, Mastercard, debit cards, PayPal, Skrill, bank transfers, and Play+.
  5. Place your first real-money wager on The Open Championship. Options include outright winner markets, top-10 finishes, first-round leader props, head-to-head matchups, and more. In most states, if your bet loses, you receive bonus bets back up to $1,500. In CO, MI, NJ, PA, and WV, if your $10 bet wins, you receive $150 in bonus bets.
  6. Collect your $50 in BetMGM Rewards Points, which are credited instantly after sign-up regardless of how your bet performs.
  7. Winning bets are withdrawable immediately. Bonus bets must be used before any payout is accessible, and BetMGM does not return the stake on bonus bet wagers.

For a full breakdown of what BetMGM offers new users, read the BetMGM bonus review before signing up.


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.

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Luc LeBlanc
Content Editor

Luc LeBlanc is a Content Editor at Covers who believes good information should make people think more clearly — not tell them what to think.

He prioritizes organizing sports data into simple, transparent insights that readers can actually use. Rather than relying on bold predictions, model projections, or betting buzzwords, he prefers presenting meaningful trends, relevant context, and easy-to-understand statistics that help people make informed decisions for themselves.

A lifelong hockey player and sports fan, Luc combines an analytical mindset with a passion for clear communication. Whether he's breaking down NHL player props, tennis matchups, or broader betting trends, his goal is always the same: take complex information, remove the noise, and present it in a way that's accessible to everyone from casual fans to experienced bettors.

Luc is always exploring new ways to visualize information or finding ways to make numbers easier to understand. Hockey and tennis may be his favourite sports, but he is most passionate about making information easier to understand. Whether it's the NHL, ATP Tour, MLB, or NFL, he enjoys finding meaningful patterns, separating signal from noise, and presenting data in a way that anyone can follow.

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