BetMGM Bonus Code COVERS50 Gives $50 Reward Points + a $1.5K First Bet for Iran vs New Zealand

New users can use the BetMGM bonus code COVERS50 to claim one of two welcome offers ahead of Iran vs. New Zealand on Monday, June 15. Depending on your state, you can claim a $1,500 First Bet plus $50 in BetMGM Rewards Points, or Bet $10, Get $150 in bonus bets plus $50 in Rewards Points in CO, MI, NJ, PA, and WV. Both offers require the code COVERS50 and are available through sportsbook promos for new users only.

$1,500 First Bets
COVERS50

Claim $1,500

Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

Win $150

BetMGM Bonus Code COVERS50: How the Iran vs. New Zealand Offer Works

The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on where you live. In most eligible states, including AZ, IL, IN, MA, NC, and others, new users receive a $1,500 First Bet and $50 in BetMGM Rewards Points instantly upon signing up. In CO, MI, NJ, PA, and WV, the offer is Bet $10, Get $150 in bonus bets if your first wager wins, plus $50 in Rewards Points regardless of the outcome.

For the $1,500 First Bet offer, if you place a $1,500 wager on Iran to win and the match ends in a New Zealand victory, BetMGM returns your stake as five bonus bets worth $300 each. If you wager $50 or less and lose, you receive one bonus bet equal to your stake. Bonus bets expire seven days from issuance and must be used before any payout is available.

For the Bet $10, Get $150 offer in CO, MI, NJ, PA, and WV, place a $10 bet on Iran vs. New Zealand and if it wins, you receive $150 in bonus bets issued as three $50 credits. The key terms for both offers are listed below:

• New users only; minimum $10 deposit required
• BetMGM bonus code COVERS50 must be entered at registration
• $50 in BetMGM Rewards Points issued instantly upon sign-up
• Bonus bets expire seven days from issuance
• Offer valid through April 30, 2026, at 11:59 p.m. ET
• Not available to users on self-exclusion lists

BetMGM Rewards Points are not simply account credits. They can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. You can learn more about the program at the BetMGM Rewards page.

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How to Claim Your BetMGM Welcome Offer for Iran vs. New Zealand

Follow these steps to register with BetMGM and place your first bet on Iran vs. New Zealand using the COVERS50 promo code:

1. Download the BetMGM app or visit the BetMGM website to begin the registration process. Have your personal information ready, including your name, address, email address, and driver's license for identity verification.
2. Enter the BetMGM bonus code COVERS50 during sign-up. This step is required to unlock either welcome offer. Skipping the code will void the promotion from your account. You will receive $50 in BetMGM Rewards Points immediately after registering.
3. Deposit at least $10 using an accepted payment method. BetMGM supports credit cards (Visa and Mastercard), debit cards, bank transfers, PayPal, Skrill, and Play+, among others.
4. Place your first bet on Iran vs. New Zealand. For the $1,500 First Bet offer, you can wager up to $1,500 on any market, such as the Iran moneyline, a 1-0 correct score, or a Mehdi Taremi anytime scorer prop. For the Bet $10, Get $150 offer in CO, MI, NJ, PA, and WV, place a minimum $10 wager on the match.
5. If your first bet loses under the $1,500 First Bet offer, BetMGM returns your stake as bonus bets (five bets at 20% of your wager each if over $50, or one bonus bet if $50 or under). If your $10 bet wins under the Bet $10, Get $150 offer, you receive $150 in bonus bets as three $50 credits.
6. Use your bonus bets within seven days. Winning bets placed with real money are immediately withdrawable, but bonus bet winnings must be played through before a payout is available. BetMGM does not return your stake when using bonus bets.

For a full breakdown of terms and user experience details, read the BetMGM bonus review before signing up.