BetMGM Bonus Code 'CVRBONUS1500': Get $1,500 Bonus Bets Back on Tonight's NBA Action

New BetMGM bettors can use the bonus code 'CVRBONUS1500' when signing up to earn $1,500 in bonus bets if the first wager loses.

Jason Wilson - Publishing Editor at Covers.com
Jason Wilson • Publishing Editor
Feb 23, 2025 • 12:00 ET • 3 min read
BetMGM Bonus Code for EVENT
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BetMGM has one of the best sportsbook promos going as new users can use the BetMGM promo code 'CVRBONUS1500' to get up to $1,500 in bonus bets if that first wager loses.

It's a busy night in the NBA, so perhaps the New York Knicks vs. Boston Celtics or the Dallas Mavericks vs. Golden State Warriors tickles your fancy. Pick a moneyline, spread, or a player prop around Karl-Anthony Towns — or another market of your choice — and enjoy the no-sweat promo from BetMGM.

BetMGM Logo
$1,500 in Bonus Bets
CVRBONUS1500

Bet on Knicks/Celtics or Mavs/Warriors with BetMGM

New BetMGM users can unlock this no-sweat offer by:

  • Set up your new sportsbook account through the BetMGM website or app.
  • Activate your BetMGM promo code 'CVRBONUS1500.' 
  • Deposit at least $10 to be eligible for the welcome bonus.
  • Bet up to $1,500 on any sport or market.
  • If your bet loses, you'll get your stake back as bonus bets that you can use to try again. 

BetMGM odds for Knicks/Celtics & Mavs/Warriors


Offer available to first-time customers in the following states: AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR). Not available to residents of Ontario, CA.

How to make a $1.5K First Bet on tonight's NBA slate

  1. Enter the BetMGM bonus code CVRSBONUS1500 during the registration.
  2. Make a minimum deposit of $10. 
  3. Place a real-money wager of at least $10 on Knicks vs. Celtics or Mavericks vs. Warriors.
  4. If your first bet loses, BetMGM will refund your stake (up to $1,500) in bonus bets.
  5. If your wager wins, you can immediately withdraw your winnings or use them for more bets.

For more information, check out our detailed BetMGM sportsbook review.


Sportsbook promos comparison

Choosing the right sportsbook promo for you is easy with Covers. We compare all the best offers for legal sports betting sites in your area.

BetMGM DraftKings FanDuel
Current Bonus $1,500 Bonus Bets Back Bet $5, Get $200, Win or Lose Bet $5, Get $200, If Your Bet Wins
Promo Code CVRBONUS1500 None Required None Required
Bonus Type Second Chance Bet Bet & Get Bet & Get
Bonus Amount One (< $50) or five (> $50) bonus bets $200 Bonus Bets $200 Bonus Bets
Wagering Period Seven Days Seven Days Fourteen Days
Min. Deposit $10 $5 $5

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.

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Jason Wilson Covers.com
Publishing Editor

Jason Wilson is an experienced journalist who has worked in a variety of roles within the industry for the past 18 years. Working at community newspapers in New Brunswick, Jason wore many hats as a reporter, editor, and photographer, covering everything from sports to courts to municipal politics. After shifting gears and working as an educator for a few years in the 2010s, Jason returned to full-time work in media as an MLB news editor for six years at theScore in Toronto before joining Covers in late 2021.

He has honed his editorial acumen over his years in the industry, showcasing flexibility, patience, and a strong work ethic. While he was relatively new to sports betting upon joining Covers, Jason has taken the plunge with gusto to learn the ins and outs of the industry, both as a method to improve professionally and to add an extra angle to his sports fandom.

In addition to sports, Jason is an avid film nut and former movie critic who monitors the Academy Awards betting odds for Covers. Jason holds a Bachelor of Arts in journalism degree and a Bachelor of Education degree from St. Thomas University.

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