BetMGM Bonus Code COVERS50: Get $1.5K First Bet Bonus for Paraguay vs. France, Round of 16

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor 3+ years betting experience
Updated: Jul 4, 2026 , 02:15 PM ET • 3 min read

Use BetMGM bonus code COVERS50 for up to $1,500 back + $50 Rewards Points. Bet on Paraguay vs. France this Saturday.

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 COVERS50 to claim one of two welcome offers ahead of Paraguay vs. France on Saturday, July 5. Most states can access a $1,500 First Bet plus $50 in BetMGM Rewards Points, while bettors in CO, MI, NJ, PA, and WV can Bet $10 and Get $150 in bonus bets if it wins, also with $50 in Rewards Points.

Both offers are available now among the best sportsbook promos on the market, and Saturday, July 5, is a great time to get started.

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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: Up to $1,500 Back for Paraguay vs. France

The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on your state. In most states, new users receive a $1,500 First Bet, meaning if your first wager loses, you get your full stake back in bonus bets, up to $1,500. Bettors in CO, MI, NJ, PA, and WV instead receive $150 in bonus bets if their initial $10 wager wins, regardless of the outcome on the Rewards Points front.

Here is how each offer breaks down in terms of terms and conditions:

  • A minimum $10 deposit is required to activate either offer.
  • For the $1,500 First Bet: if your bet loses, you receive your stake back in bonus bets. Wagers above $50 are returned as five bonus bets, each worth 20% of your stake. Wagers of $50 or less are returned as one bonus bet.
  • For the Bet $10, Get $150 offer (CO, MI, NJ, PA, WV): you receive $150 as three $50 bonus bets if your first $10 wager wins.
  • Bonus bets expire seven days from issuance and cannot be withdrawn directly.
  • All new users receive $50 in BetMGM Rewards Points instantly upon signing up with code COVERS50.

For example, if you place a $1,500 first bet on France to win outright and they fall to Paraguay on penalties, you would receive five $300 bonus bets to use on future wagers. If you are in NJ and bet $10 on Paraguay to pull off the upset and they do, you collect your winnings plus $150 in bonus bets. BetMGM Rewards Points can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. More details on Rewards Points are available at the BetMGM Rewards page.

Get our expert Paraguay vs. France predictions

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

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How to Claim Your BetMGM Welcome Offer for Paraguay vs. France

Follow these steps to sign up with BetMGM and place your first bet on Paraguay vs. France:

  1. Download the BetMGM app or visit the BetMGM website to begin the registration process. Have your name, address, email address, and driver's license ready to speed things up.
  2. Enter the BetMGM bonus code COVERS50 during registration. This step is required to unlock either welcome offer and the $50 in Rewards Points. Skipping the code will void the promotion.
  3. Select your preferred banking method and make a minimum $10 deposit. Accepted options include Visa, Mastercard, debit cards, PayPal, Skrill, bank transfers, and Play+.
  4. Place your first real-money wager on Paraguay vs. France. You can bet on the moneyline, a point spread, total goals, player props, or any other available market for the match.
  5. If you are in most states and your bet loses, you will receive your stake back in bonus bets up to $1,500. If you are in CO, MI, NJ, PA, or WV and your $10 bet wins, you will receive $150 in bonus bets issued as three $50 credits.
  6. Your $50 in BetMGM Rewards Points will be credited to your account instantly after sign-up, regardless of how your first bet finishes.
  7. Winning bets are withdrawable immediately. Bonus bets must be used within seven days and do not return your stake upon use.

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


More BetMGM Sportsbook promos, bonuses, and offers

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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 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.

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