BetMGM Bonus Code April 2024: Get $1,500 in Bonus Bets With Code 'COVERSBONUS'
Editor's note: BetMGM will be unavailable in New Jersey from 1 a.m. to 10 a.m. ET on April 25, 2024, due to internal technical updates.
Use our exclusive BetMGM bonus code 'COVERSBONUS' to get up to $1,500 in bonus bets when your first wager loses. Simply make an initial $10 minimum deposit to access one of the best sportsbook promos in 2024.
Learn more about sportsbook's welcome offer and detailed reviews of its features.
Offers are not available to residents of Ontario, Canada.
$1,500 in Bonus Bets
BetMGM bonus code summary
Sign-up bonus | $1,500 in bonus bets |
BetMGM bonus code | COVERSBONUS |
Minimum deposit | $10 |
Eligible bet types | All bet types ✅ |
Eligible states | AZ, CO, IL, IN, IA, KS, LA, MD, MA, MI, NC, NV, NJ, OH, PA, TN, VA, WV, WY |
BetMGM mobile app | iOS and Android ✅ |
Offer expiry | Dec. 31, 2024 |
Last verified | April 26, 2024 ✅ |
BetMGM bonus code terms and conditions
Read the terms and conditions associated with BetMGM's sign-up bonus below:
Use BetMGM bonus code 'COVERSBONUS' to claim this sportsbook offer.
You must make a $10 initial deposit and place a real money wager to unlock your welcome bonus.
If you lose your first bet, you'll receive your entire stake back, up to $1,500, in bonus bets.
If you wager more than $50, BetMGM will award five bonus bets. Each bet will be worth 20% of your qualifying wager. If you wager less than $50, you will receive one bonus bet equaling the amount of your qualifying wager.
Bonus bets are valid for seven days after issuance.
This BetMGM offer is valid until Dec. 31, 2024, at 11:59 p.m. ET.
Current BetMGM offers
The BetMGM bonus code 'COVERSBONUS' unlocks up to $1,500 in bonus bets when you create a new BetMGM account, deposit at least $10, and lose your first real money wager.
Confirm that you’ve read the terms and conditions, are in a legal betting state, and are at least 21 years of age before claiming this limited-time offer.
Up to $1,500 in bonus bets
As a first-time customer with BetMGM Sportsbook, you can use BetMGM promo code 'COVERSBONUS' and make a minimum deposit and real money wager on any sports market you wish. If you lose, the operator will issue up to $1,500 in bonus bets.
Note: The BetMGM bonus code is not available to new sports bettors in DC, NV, MS, or NY.
Covers Tip: If you lose your first wager of more than $50, BetMGM will award you five bonus bets. If you place a bet of less than $50 and lose, you will receive one bonus bet. In both cases, the total bonus will equal the amount of your first losing wager, up to $1,500.
How to claim the BetMGM bonus code
Claiming the BetMGM bonus code and sign-up offer may feel tricky to some first-time users, as sportsbook terms and conditions aren't always crystal clear. Let's take a look at the simple step-by-step registration process to ensure you lock in your BetMGM welcome bonus.
Register
You can click here to register with BetMGM Sportsbook and use the BetMGM bonus code 'COVERSBONUS.' This bonus code will add a layer of security to your initial wager. Have your personal information — like name, address, and email address — ready before you begin.
Deposit funds
Once you've created your new sportsbook account and used your BetMGM promo code, you will need to deposit funds. You'll have to put down an initial deposit of at least $10 to qualify for the welcome bonus.
Make a wager
Now you're ready to begin online sports betting. Place a wager on any sport or market. Within 24 hours, BetMGM will return your entire stake up to a maximum of $1,500 if you lose.
Withdraw winnings
If your wager wins, you can withdraw your winnings immediately. However, you cannot withdraw your bonus bets right away — you must use each bonus bet before accessing a potential payout. Notably, BetMGM Sportsbook does not return your stake when using bonus bets.
BetMGM in the news
Sportsbook bonus comparison
Welcome bonus | $1,500 in bonus bets | Bet $5, get $150 | $1,000 First Bet on Caesars | Bet $5, get $200 |
Bonus code | COVERSBONUS | Not required | COVERSBONUS1000 | Not required |
Bonus type | Second chance bet | Bet and get | Second chance bet | Bet and get |
Bonus form | One (< $50) or five (> $50) bonus bets | $150 in bonus bets | One (1) $1,000 bonus bet | Eight (8) $25 bonus bets |
Wagering period | 7 days | 7 days | 14 days | 7 days |
Min. deposit | $10 | $10 | $10 | $5 |
Covers BetSmart Bonus Rating | ⭐ 4.8/5 | ⭐ 4.9/5 | ⭐ 5/5 | ⭐ 4.6/5 |
List of sports you can bet on with BetMGM
BetMGM is a well-respected bookmaker that cultivates its own odds. The operator offers a wide array of sports betting markets, live betting, and live streaming features that make for an immersive experience.
All of the major North American sports leagues are available, including:
BetMGM's wide range of sports offerings are plentiful — users can access and wager on soccer, esports, college football, college basketball, and more. Motorsports enthusiasts will have to take a lap with BetMGM, as the operator stands atop the podium as the industry's best F1 betting site.
MMA fans will love to hear that BetMGM is our pick for the top boxing betting site and is also among the best UFC betting sites in 2024.
NFL bettors can explore our picks for the best football betting apps and NFL prop bets.
Daily game odds
We've provided a betting odds comparison for today's top sporting events below:
Nuggets vs Lakers live odds
Panthers vs Lightning live odds
Cavaliers vs Magic live odds
Additional BetMGM promotional offers
BetMGM consistently delivers fresh offers and profit boosts, providing existing users with high betting value opportunities across the board.
Here are some of the top BetMGM ongoing promotions regular users can jump on — none of which require a BetMGM bonus code to claim:
Type of BetMGM Promo Offer | Description of BetMGM Promo Offer |
---|---|
BetMGM Fast Break | Try BetMGM's free-to-play basketball game for a chance to win daily prizes, such as a free bonus bet. |
NBA Odds Boost | Opt-in and receive a 33% odds boost token to apply on any successful NBA Playoff wager for a bigger payout. Terms and conditions apply. |
NHL Odds Boost | Opt-in and get one 33% odds boost token to increase your winnings any successful NHL Stanley Cup Playoff wager. Terms and conditions apply. |
NBA SGP Insurance Token | Receive a SGP token on Thursdays to use on a minimum three-leg NBA parlay with odds of +400 or longer. Certain exclusions apply, and not available in New York. |
PGA Tour Boost Token | Receive a 25% extra increase to your winnings by activating the PGA Tour odds boosts token. |
MLB® Grand Slam Jackpot | Place a minimum $10 home run player prop on any MLB game between Friday-Sunday during the 2024 regular season to be automatically entered to win up to $50,000 in bonus bets. Terms and conditions apply. |
Parlay Plus | Earn up to 40% more in profits on successful parlays. Opt in and place a four to seven-leg parlay on any combination of sports or events. |
Refer-A-Friend | Send a friend an invitation via email, social media, or text, and once they make their first deposit and wager $100 or more, you'll both receive $100 in sportsbook referral bonus bets (20 referral maximum). |
BetMGM Casino promo
Use BetMGM Casino bonus code 'COVERSBONUS' to claim BetMGM's online casino welcome bonus. New online casino users in Michigan, New Jersey, and Pennsylvania can claim a 100% deposit match up to $1,000, along with a $25 bonus. Those in West Virginia can access a $2,500 deposit match bonus and $50 bonus spins after registration. For a thorough breakdown of the online casino gaming platform, table games, and mobile app, check out the BetMGM Casino review.
Minimum deposit of $10 to activate the online casino bonus offer ($1,000 or $2,500 to maximize the bonus depending on state).
Satisfy a 15 times wagering requirement before withdrawing winnings.
14 days to meet the online casino bonus wagering requirement.
The no deposit bonus holds a 1x playthrough requirement and must be completed within seven days.
The $50 bonus spins for the West Virginia online casino are available only on 'Bellagio Fountains of Fortune' and carry no wagering requirement restrictions.
BetMGM Horse Racing promo
$1,500 in Bonus Bets
FL, LA, OH bettors only
Bettors in Florida, Louisiana and Ohio can take a lap with BetMGM Horse Racing to get into all of the top 2024 racing betting action. You can learn about the most popular bet types, access betting markets for top races, livestream events, and much more with BetMGM Horse Racing. Additionally, you can bookmark your favorite tracks and races in advance, ensuring you catch all of the top events in 2024.
BetMGM sportsbook review
BetMGM Sportsbook is one of the most highly touted, recognizable legal U.S. betting sites across the sports gambling landscape. Covers has given BetMGM Sportsbook a 4.5/5 rating using our extensive Covers BetSmart Rating. Before releasing its sportsbook to the world, the operator was a well-known entity, and the experience shows. BetMGM Sportsbook maintains a commitment to responsible gambling, guaranteeing a safe experience. The sportsbook app is intuitive and boasts a welcome bonus competitive with its top-tier peers.
When it comes to the best sports betting apps in the U.S., BetMGM Sportsbook easily makes the list. Customers can find the mobile app on iOS via the App Store and Android via the Google Play store. The interface is smooth and stylish, integrating the look of the desktop platform, and contains a full range of markets for bettors to choose from.
Additionally, BetMGM Sportsbook’s array of sports and betting options is further buoyed by great odds and consistent bonus offerings. While the online sports betting operator doesn’t tender as many large sports promotions as some of its competitors, what it does provide is usually worth jumping on.
BetMGM iOS app
BetMGM iOS rating
BetMGM mobile app users with Apple have given an elite 4.8/5 rating from over 203,000 reviews.
BetMGM Android rating
The BetMGM sports betting app holds a solid rating of 4.4/5 with Android users.
User reviews
Explore some first-hand accounts of what BetMGM users are saying about the famed sportsbook:
"I love the convenience and ease of use that comes with the BetMGM app. I'm a big fan of BetMGM and recommend to get the BetMGM app for hassle-free gaming. "
- Reddit user
"Bonuses and promotions are good with clear rules and obvious expiration dates, and are easy to apply on a wager. Synchronization with the broader MGM rewards program is seamless and easy to track."
- App store reviewer
Are you interested in learning more? Be sure to check out our full BetMGM Sportsbook review and check out our BetMGM vs Caesars Sportsbook comparison page.
BetMGM key features
The BetMGM sportsbook app is brimming with features like same-game parlays. Explore a few below:
Live streaming
BetMGM provides complimentary live streaming for a wide range of matches, including premier soccer games, tennis highlights, and more. The live section features a dedicated tab showcasing all upcoming matches available for live streaming.
Same-game parlays
BetMGM Sportsbook simplifies the process of placing same-game parlays (SGPs). Users can easily select a sport, league, or event page and browse through the available games, where they'll find 'One Game Parlay' displayed on eligible events. From here, users can craft a same-game parlay to increase their potential payout.
Early cash out
Bow out of the action gracefully, as you can lock in a win or cut your loss with a simple click at this online sports betting site.
BetMGM odds pricing and betting limits
BetMGM relies on an in-house team to provide odds pricing to its customers. While shopping around for the best number is always recommended, you can expect BetMGM odds pricing to be competitive.
Like most of the big operators, big winners can expect to be limited. To understand the intricacies of betting limits and how they may affect you, please consult the BetMGM terms and conditions.
BetMGM customer support
Unlike many of its competitors, BetMGM has a dedicated customer service Twitter account that users can access at any time. The operator also boasts a 24/7 live chat on its site and a significantly sized FAQs section, which users can visit to learn more about BetMGM promotions, banking information, key features, responsible gambling, etc.
All that’s missing from BetMGM’s customer service is phone and multi-language support. For now, customer service is only provided in English.
- Live chat: 24/7
- Email: support.nj@betmgm.com
- Phone: N/A
- Support languages: English
- X (Twitter): @BetMGMCare
BetMGM pros and cons
BetMGM excels in nearly every sportsbook category, but no platform is without its shortcomings. Check out the top BetMGM pros and cons in 2024:
Pros
Cons
BetMGM payment methods
BetMGM offers some of the popular banking methods, including credit cards — like Visa and Mastercard — PayPal, debit cards, and Play+. Getting started on the sportsbook app is easy, as deposits are instant and carry no fee.
Method | Deposit | Withdrawal |
---|---|---|
PayPal | ||
Play+ | ||
eCheck | ||
Check | ||
PayNearMe | ||
Skrill | ||
Online banking | ||
Visa | ||
Mastercard | ||
American Express | ||
Debit cards |
Is BetMGM legal?
BetMGM Sportsbook legally operates online sports betting in 22 states, DC, and Puerto Rico. If you are over 21 years old and located within one of these regions’ borders — excluding DC, Nevada, New York, Mississippi, and Puerto Rico — you’ll be eligible to earn $1,500 in bonus bets. Puerto Rico bettors can now claim $100 back in bonus bets when a first bet settles as a loss.
State | Sign-up bonus | Launch date |
---|---|---|
$1,500 in bonus bets
|
September 2021 | |
$1,500 in bonus bets | May 2020 | |
N/A | June 2021 | |
$1,500 in bonus bets | March 2022 | |
$1,500 in bonus bets | February 2020 | |
$1,500 in bonus bets | January 2021 | |
$1,500 in bonus bets | September 2022 | |
$1,500 in bonus bets | August 2023 | |
$1,500 in bonus bets | January 2022 | |
Maryland | $1,500 in bonus bets | November 2022 |
Massachusetts | $1,500 in bonus bets | March 2023 |
$1,500 in bonus bets | Jan. 22, 2021 | |
N/A | September 2021 (retail only) | |
$1,500 in bonus bets | September 2019 | |
N/A | January 2022 | |
$1,500 in bonus bets | March 11, 2024 | |
N/A | March 2020 | |
$1,500 in bonus bets | January 2023 | |
$1,500 in bonus bets | December 2020 | |
$100 in bonus bets | June 2023 | |
$1,500 in bonus bets | November 2020 | |
$1,500 in bonus bets | January 2021 | |
$1,500 in bonus bets | January 2020 | |
$1,500 in bonus bets | September 2021 |
Take a look at our legal tracker to discover where BetMGM Sportsbook may be coming next and for states that allow sports betting.
Recent BetMGM updates
Stay tuned to the latest BetMGM news to keep abreast of all its legal U.S. sports betting market activity.
April 18, 2024: Entain’s 50% stake in BetMGM delivered a 2% year-over-year increase in net gaming revenue during Q1
April 17, 2024: MGM sues FTC to block probe into 2023 data breach, which does not affect its online sportsbook but does impact certain BetMGM-branded betting kiosks at retail properties.
April 11, 2024: BetMGM announces that nearly four times the number of wagers were placed on the NCAA men's and women's basketball tournaments than on Super Bowl 58.
April 8, 2024: Major private equity firms eyeing Entain. Apollo Global and CVC Capital are rumored to be looking into acquiring a range of the company's assets, which includes BetMGM.
April 3, 2024: BetMGM is reportedly among several big-name sports betting brands eyeing entry into the Brazilian market.
April 2, 2024: BetMGM announces that Iowa-LSU is the most bet women's NCAA basketball game of all time at its online sportsbook.
March 27, 2024: BetMGM joins six other major online sportsbooks to form the Responsible Online Gaming Association (ROGA).
March 19, 2024: BetMGM partners with Marriott Bonvoy to offer a cross-brand rewards promotion.
March 13, 2024: NASCAR announces BetMGM as the title sponsor for the Xfinity race in Charlotte, NC, on Memorial Day Weekend.
March 12, 2024: BetMGM introduces a new responsible gaming ad featuring NHL All-Star Connor McDavid.
March 11, 2024: BetMGM is among the first group of operators to go live on day one of legal North Carolina sports betting.
March 7, 2024: Etain, BetMGM's operator, receives a 14% yearly increase, highlighted by BetMGM earning $1.96 billion in net gaming revenue, which is a 36 YoY increase.
March 5, 2024: BetMGM"s record-high progressive jackpot eclipses $4 million.
March 1, 2024: BetMGM unveils its North Carolina pre-launch offer — $200 in bonus bets.
Feb. 27, 2024: North Carolina will start online sports betting sign-ups on Friday, and Covers' own Geoff Zochodne outlines what to expect from BetMGM and other expected sportsbook operators.
Feb. 21, 2024: BetMGM is among several sportsbooks offering betting options for when and how Lebron James reaches 40,000 points, which has never been achieved in NBA history.
Feb. 14, 2024: BetMGM reports record Q4 in 2023 earnings call, bringing in Q4 consolidated net revenues of $4.4 billion, which is a 22% increase.
Feb. 9, 2024: BetMGM reports a 36% YoY increase in revenue to nearly $2 billion.
Feb. 1, 2024: BetMGM will face an adjudicatory hearing in MA for allowing 15,000 illegal wagers on a college football player prop, which is not allowed in the state.
Jan. 26, 2024: BetMGM is partnering with X (formerly Twitter) to bring sports betting odds to the social media platform.
Jan. 8, 2024: BetMGM partners with Charlotte Motor Speedway to access the North Carolina sports betting market.
Dec. 20, 2023: BetMGM releases a list of its most wagered-on events of 2023, including the Super Bowl, the Colorado Buffaloes college football team, Shohei Ohtani, and more.
Dec. 19, 2023: BetMGM announces a multi-year extension to its partnership with the NHL which will include more fan interactions and branded casino games.
Dec. 5, 2023: BetMGM reports $1.9 billion in estimated revenue for FY2023, a compound annual growth rate of 125% compared to the company's 2020 revenue.
Oct. 26, 2023: BetMGM and the Philadelphia 76ers renew their sports betting partnership.
Oct. 25, 2023: BetMGM partners with Sportsradar to access NBA optical tracking data for the NBA, thereby enhancing its live betting, prop markets, and more.
Sept. 28, 2023: BetMGM Sportsbook officially goes live in the Bluegrass State alongside the launch of legalized online Kentucky sports betting. Use BetMGM Kentucky promo code 'COVERSBONUS' to claim the offer.
Sept. 7, 2023: New users can deposit real money funds with BetMGM before Kentucky sportsbooks come online.
Aug. 30, 2023: BetMGM Kentucky goes live with its pre-launch offer: $100 in bonus bets.
Aug. 29, 2023: BetMGM Sportsbook updates its offer for NFL season to $1,500 in bonus bets (this includes West Virginia).
June 29, 2023: BetMGM Sportsbook announces it will stop running acquisition offers in Kansas, including promotional bonuses.
Feb. 24, 2023: BetMGM Sportsbook pledges to prominently feature responsible gambling messages in its advertising and marketing campaigns to promote the start of Problem Gambling Awareness Month.
Jan. 1, 2023: BetMGM Sportsbook goes live in the Buckeye State with the launch of its Ohio sports betting app.
More sportsbook sign-up bonuses
Discovering which sportsbook is right for you is vital, which means doing your fair share of comparison shopping to ensure you make the best choice.
We've done much of that work for you and compiled multiple guides to help you navigate the sports betting landscape. Dive into some of the best sportsbook sign-up bonuses in 2024 below:
BetMGM bonus code FAQ
Yes. BetMGM is authorized and regulated in 22 states, plus DC and Puerto Rico. It is a highly reputable and trustworthy sportsbook.
New users can use BetMGM bonus code 'COVERSBONUS' to claim the sportsbook's current welcome offer. Eligible customers can make a first deposit of at least $10 and get up to $1,500 back in bonus bets after losing their first real money wager.
Follow the links above and register with BetMGM. When prompted, add BetMGM bonus code 'COVERSBONUS' to activate bonus funds.
Yes, BetMGM has a referral bonus. If you're already signed up with the sportsbook, you can send a friend an invitation to join BetMGM through email, social media or text. If your friend registers and makes an initial deposit, you’ll both receive a $50 cash referral bonus. You can refer a maximum of 20 friends.
BetMGM bonus bets allow you to make a sportsbook wager with house money. However, bonus bets are not returned as part of your sportsbook winnings and cannot be redeemed as cash. If you wager $25 via a bonus bet and profit $25, you will have gained $25 you can later cash out.
No. The bonus bets at BetMGM are not withdrawable or transferable. They must be used on future wagers with the sportsbook. Remember, if you win when betting with a bonus bet, your stake is not returned.
The BetMGM welcome bonus works like this: Should you sign up for the sportsbook with code 'COVERSBONUS' and make an initial $10 deposit and real money wager, BetMGM will refund the entire stake of your first wager if you lose. You can then use the bonus bets for further wagering at BetMGM Sportsbook.
Sports bettors at BetMGM Sportsbook can use credit cards (like Visa, Mastercard and American Express), debit cards, PayPal, Skrill, eCheck, Bank Transfer, Play+, and more to activate bonus money..
It generally takes BetMGM two days to review and approve your withdrawal request. You will need to allow a few extra days for the funds to appear in your bank account.
In order to make a withdrawal with BetMGM Sportsbook, click on the 'My Account' button in the top right corner of the page. Continue to the 'Cashier' page. Then select the 'Withdrawal' tab, choose your withdrawal method, enter the amount you wish to cash out, and then tap the 'Withdraw' button.
The following states have access to the BetMGM bonus code: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.
Yes, the BetMGM bonus code can be accessed on the BetMGM Sportsbook app.
Jeff has been reviewing sportsbooks and covering North American sports betting and iGaming at Covers since 2021. The former NHL prospects writer has crafted over 100 reviews and guides for the Covers community and has been sweating his own picks for over a decade.
$1,500 in Bonus Bets