BetMGM Bonus Code COVERS50: Get a $50 Bonus Plus a $1,500 First Bet on Panama vs Croatia

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor 16+ years betting experience
Updated: Jun 23, 2026 , 03:10 PM ET • 3 min read

Use BetMGM bonus code COVERS50 for up to $1,500 back + $50 Rewards Points. Bet on Panama vs Croatia Tuesday!

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

New bettors can use the BetMGM bonus code COVERS50 to unlock one of the best sportsbook promos available for Tuesday, June 23. In most states, BetMGM is offering a $1,500 First Bet plus $50 in BetMGM Rewards Points instantly. New users in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia can instead claim $150 in bonus bets if their first $10 wager wins, also with $50 in Rewards Points included. Both offers are perfect for betting on Panama vs. Croatia in Group L action.

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$1,500 First Bets
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Bet $10, Get $150 in MI, NJ, PA, WV
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BetMGM Bonus Code COVERS50: How the Panama vs. Croatia Offer Works

The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on your state. In most states, new users receive a First Bet worth up to $1,500. If your first bet on Panama vs. Croatia loses, BetMGM returns your entire stake in bonus bets. For example, if you bet $1,500 on Croatia to win and they fall short, you receive five bonus bets worth $300 each. If your wager is under $50 and it loses, you receive a single bonus bet equal to your stake. Bonus bets expire seven days after they are issued.

New users in CO, MI, NJ, PA, and WV have access to a different offer through the same BetMGM bonus code COVERS50. Place a $10 minimum wager on the Panama vs. Croatia match, and if it wins, you receive $150 in bonus bets issued as three $50 credits. Win or lose, both offers include $50 in BetMGM Rewards Points delivered instantly upon sign-up. Those points can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, or Gametime Vouchers. A minimum $10 deposit is required to qualify for either offer, and the code must be entered at registration or the bonus will not be applied to your account.

  • Most states: First Bet up to $1,500 back in bonus bets if your first wager loses
  • CO, MI, NJ, PA, WV: Bet $10, get $150 in bonus bets if it wins
  • Both offers include $50 in BetMGM Rewards Points instantly
  • Bonus bets expire seven days from issuance
  • Must use code COVERS50 at registration; available to new users only
  • Users on self-exclusion lists are not eligible

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 $1,500 First Bet or $150 Bonus for Panama vs. Croatia

Claiming your BetMGM welcome offer ahead of Panama vs. Croatia is straightforward. Follow these steps to get started before kickoff.

  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 sign-up. This step is required to unlock either welcome offer and to receive your $50 in BetMGM Rewards Points instantly.
  3. Select your preferred banking method and make a minimum deposit of $10. Accepted options include Visa, Mastercard, debit cards, PayPal, Skrill, bank transfers, and Play+.
  4. Place your first real-money wager on Panama vs. Croatia. You can bet the moneyline, a point spread, the total goals market, or any other available market for the match.
  5. If you are in most states and your bet loses, BetMGM will return your stake up to $1,500 in bonus bets. If you are in CO, MI, NJ, PA, or WV and your $10 bet wins, you will receive $150 in bonus bets as three $50 credits.
  6. Winning cash bets are withdrawable immediately. Bonus bets must be used before any payout is available, and BetMGM does not return your stake when wagering with bonus bets.

For a full breakdown of terms and what to expect from this sportsbook, 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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Peter Clarke - Covers
Senior Editor

Peter Clarke is dedicated to keeping bettors informed about the biggest sports betting events, such as the Super Bowl and March Madness, and the best way to cash in on sportsbook promos. He's also always on top of the latest welcome offers from the biggest sportsbooks, so he can share the best deals and the most exciting games to use them on every day.

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