New users can use the BetMGM bonus code COVERS50 to unlock one of two welcome offers ahead of UFC 328 on Saturday, May 9. Depending on your state, you can claim a $1,500 First Bet or a Bet $10, Get $150 offer, both of which include $50 in BetMGM Rewards Points. Check out more sportsbook promos to see what else is available before Khamzat Chimaev and Sean Strickland square off in Newark.
COVERS50
COVERS50
BetMGM Bonus Code COVERS50: How the $1,500 First Bet and Bet $10, Get $150 Offers Work
The BetMGM bonus code COVERS50 unlocks two different welcome offers depending on where you live. In most eligible states, including AZ, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, and WY, new users receive a $1,500 First Bet. In CO, MI, NJ, PA, and WV, new users instead receive the Bet $10, Get $150 offer. Both offers also come with $50 in BetMGM Rewards Points delivered instantly upon sign-up, regardless of how your first bet turns out.
For the $1,500 First Bet offer, place any wager on UFC 328, such as the Chimaev vs. Strickland moneyline or a method-of-victory prop. If your bet wins, you collect your winnings as normal. If it loses, BetMGM returns your entire stake back in bonus bets, up to $1,500. Wagers above $50 are returned as five bonus bets, each worth 20% of your qualifying stake. For example, a $1,500 losing bet on Chimaev would come back as five $300 bonus bets. Wagers under $50 are returned as a single bonus bet. All bonus bets expire seven days from issuance.
For users in CO, MI, NJ, PA, and WV, the Bet $10, Get $150 offer works differently. Place a minimum $10 wager on any UFC 328 market, and if that bet wins, you receive your winnings plus $150 in bonus bets issued as three $50 bonus bets. Win or lose, you still receive the $50 in BetMGM Rewards Points. Both offers must be claimed by 11:59 p.m. ET on April 30, 2026, and are only available to new BetMGM users.
The $50 in BetMGM Rewards Points you receive with either offer can be redeemed in several ways. Points can be used as bonus credits for digital play at BetMGM, converted to MGM Rewards Points or Marriott Bonvoy Points, exchanged for merchandise, or applied toward Gametime Vouchers for live events. For more details on how BetMGM Rewards Points work, visit the BetMGM Rewards page.
Key terms to keep in mind for both offers:
- A minimum $10 deposit is required to qualify
- Bonus bets expire seven days from issuance
- BetMGM does not return your stake when using bonus bets
- Users on self-exclusion lists are not eligible
- Both offers expire at 11:59 p.m. ET on April 30, 2026
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 UFC 328
Claiming your BetMGM welcome offer before UFC 328 is straightforward. Follow these steps to get started with either the $1,500 First Bet or the Bet $10, Get $150 offer:
- 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.
- Enter the BetMGM bonus code COVERS50 during sign-up. This step is mandatory. Skipping the code will void the welcome offer from your account. You will receive your $50 in BetMGM Rewards Points instantly after completing registration.
- Make a minimum $10 deposit using any of BetMGM's available payment methods, including Visa, Mastercard, debit cards, PayPal, Skrill, bank transfers, or Play+.
- Place your first wager on UFC 328. You can bet on the Chimaev vs. Strickland title fight, the Van vs. Taira co-main event, or any other market on the card, including moneylines, props, parlays, or round betting.
- If you are in most eligible states and your bet loses, you will receive bonus bets back up to $1,500. If you are in CO, MI, NJ, PA, or WV and your bet wins, you will receive $150 in bonus bets on top of your winnings. Either way, your $50 in BetMGM Rewards Points are already in your account.
- Use your bonus bets within seven days of issuance. Winning bets placed with real money are immediately withdrawable, but bonus bet payouts must be wagered before they can be withdrawn.
For a full breakdown of what BetMGM has to offer new users, read the BetMGM bonus review.
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.
