BetMGM is offering a significant welcome bonus for new customers. Use the BetMGM bonus code COVERS to unlock a potential $1,500 in bonus bets on Wednesday’s MLB, NBA, and NHL games.

How the BetMGM Bonus Works

This promotion provides a safety net for your first wager. If your initial bet loses, you’ll receive bonus bets back, giving you another opportunity to win. A minimum $10 deposit is required to participate.

Bonus Options & State Variations

The offer structure varies depending on your location. Most states qualify for up to $1,500 in bonus bets if your first wager loses. However, users in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia have an alternative option.

In those states, using the appropriate code awards $150 in bonus bets if a $10 minimum wager wins. This provides a different path to earning rewards based on your betting preference.

Understanding Bonus Bet Distribution

The amount of bonus bets received depends on the size of your initial wager. Bets over $50 are divided into five separate bonus bets, each worth 20% of the original stake.

  • For example, a $500 losing wager results in five $100 bonus bets.
  • A $25 losing wager results in one $25 bonus bet.

It’s important to note that bonus bet winnings do not include the original stake amount.

Eligible States & How to Claim

This promotion is available in: AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MO, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, and WY. It is not available in Mississippi, New York, Ontario, or Puerto Rico.

To claim the bonus:

  1. Make a minimum $10 deposit using an accepted payment method.
  2. Place your first real money wager on any available market, such as the Nationals vs. Phillies or a game featuring Victor Wembanyama.

Remember to use the bonus bets within seven days of receiving them.

Disclaimer: First Bet Offer for new customers only. Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. See Terms for full details.