The Round of 32 is here, and new bettors can jump in with a massive welcome offer by using the BetMGM bonus code COVERS50. Available through Sunday, June 29, new users in most states can claim a $1,500 First Bet offer, while bettors in CO, MI, NJ, PA, and WV can opt for the Bet $10, Get $150 offer instead.
Both deals are among the best sportsbook promos available for this knockout stage, and a code is required to unlock either one.
COVERS50
COVERS50
BetMGM Bonus Code COVERS50: How the Round of 32 Offer Works
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, BetMGM returns your entire stake in bonus bets up to $1,500. If you wager more than $50 and lose, you receive five bonus bets each worth 20% of your qualifying wager. If you wager $50 or less and lose, you receive one bonus bet equal to your stake. Bonus bets expire seven days from issuance.
For example, if you place a $200 first bet on Brazil vs. Japan and it loses, BetMGM credits you five $40 bonus bets totaling $200. If you place a $1,500 bet on Netherlands vs. Morocco and it loses, you receive five $300 bonus bets. Winning bets pay out immediately and are fully withdrawable.
In CO, MI, NJ, PA, and WV, the offer works differently. Place a $10 qualifying wager on any Round of 32 match, such as USA vs. Bosnia and Herzegovina, and if it wins, you receive $150 in bonus bets issued as three $50 credits. Win or lose, all users under both offers receive $50 in BetMGM Rewards Points instantly upon sign-up.
BetMGM Rewards Points are a loyalty currency that can be redeemed for several valuable options, including:
- Bonus credits for digital play at BetMGM
- MGM Rewards Points for use at MGM properties
- Marriott Bonvoy Points
- Merchandise
- Gametime Vouchers for live event experiences
A minimum $10 deposit is required to activate either offer. You must not appear on any self-exclusion lists to participate. Full details on BetMGM Rewards Points are available at betmgm.com/rewards.
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 First Bet for the Round of 32
Claiming your welcome offer ahead of Sunday's Round of 32 action is straightforward. Follow these steps to get started:
- Download the BetMGM app or visit the BetMGM website to begin registration. Have your name, address, email, and driver's license ready to speed up the process.
- Enter the BetMGM bonus code COVERS50 during sign-up. Skipping this step will void the offer, so confirm the code is entered before completing registration. You will also receive your $50 in BetMGM Rewards Points instantly at this stage.
- Make a minimum $10 deposit using any accepted payment method, including Visa, Mastercard, PayPal, Skrill, Play+, or bank transfer.
- Place your first real-money wager on any Round of 32 match. In most states, this activates your $1,500 First Bet protection. In CO, MI, NJ, PA, and WV, a $10 bet that wins triggers your $150 in bonus bets.
- If your bet loses, check your account for bonus bets within a short processing window. Use those bonus bets on subsequent Round of 32 matches or any other available market before they expire in seven days. Note that BetMGM does not return your stake when redeeming bonus bets.
- Winning cash bets are immediately withdrawable. Bonus bet winnings become available after the bonus bet is settled.
For a full breakdown of terms and a complete review, visit the BetMGM bonus review at Covers.
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.
