BetMGM Bonus Code 'CVRBONUS1500': Make a $1,500 First Bet on Lakers vs Knicks at MSG

Claim the latest BetMGM bonus code and wager on the Lakers vs. Knicks at Madison Square Garden this Saturday. Get up to $1,500 in bonus bets today!

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Feb 1, 2025 • 16:31 ET • 3 min read
BetMGM Bonus Code for Lakers vs Knicks
Photo By - Imagn Images

Betting on the Los Angeles Lakers vs. New York Knicks this Saturday? Use the BetMGM bonus code "CVRSBONUS1500" to secure up to $1,500 in bonus bets. This exclusive welcome offer ensures that even if your first bet loses, you’ll get your stake back in bonus bets, allowing you to keep the action going as LeBron James and Jalen Brunson battle it out at MSG.

BetMGM Logo
$1,500 in Bonus Bets
CVRBONUS1500

How the 'First Bet' offer works for Lakers vs Knicks

New users can take advantage of BetMGM’s generous welcome offer by using the BetMGM bonus code "CVRSBONUS1500" when signing up. This promotion provides bettors with a first bet offer of up to $1,500 in bonus bets if their initial wager loses. To qualify, users must deposit a minimum of $10 and place a real-money wager on any betting market, including the highly anticipated Lakers vs. Knicks matchup.

If your first bet is under $50 and loses, you’ll receive a single bonus bet equal to your stake. However, if you wager more than $50 and your bet loses, BetMGM will issue five separate bonus bets, each worth 20% of your initial stake. This flexible offer allows you to spread your bonus bets across multiple markets or reinvest in another high-stakes game.

It’s important to note that this BetMGM bonus code is only available to new customers in eligible states. Additionally, bonus bets must be used within seven days of issuance and cannot be withdrawn as cash. Make sure to read the full terms and conditions before placing your bet on the Lakers vs. Knicks.

BetMGM odds for Lakers vs Knicks


Offer available to first-time customers in the following states: AZ, CO, IL, IN, IA, KS, LA, MD, MA, MI, MS, NC, NV, NJ, OH, PA, TN, VA, WV, WY. Not intended for use in MA. Not available to new bettors in DC, NV, or NY. Not available to residents of Ontario, CA.

How to use our BetMGM bonus code to make a first bet

Ready to wager on the Lakers vs. Knicks? Follow these simple steps to claim your BetMGM bonus code and start betting today:

  1. Register – Sign up for a new BetMGM Sportsbook account and use the BetMGM bonus code "CVRSBONUS1500" during the registration process.
  2. Deposit Funds – Make a minimum deposit of $10 into your BetMGM account to qualify for the welcome offer.
  3. Place Your Bet – Place your first real-money wager on the Lakers vs. Knicks or any other sports market of your choice.
  4. Claim Your Bonus – If your bet loses, BetMGM will refund your stake up to $1,500 in bonus bets, depending on the amount wagered.

Get in on the action and place your bet on this marquee matchup today! For a full breakdown of BetMGM’s features and promotions, read our complete BetMGM 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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Peter Clarke - Covers
Senior Editor

Peter Clarke has been in the digital media business for 14 years after obtaining his journalism degree from the University of King's College in Halifax, N.S. He learned his trade during his time at The Chronicle Herald and Saltwire Network, where he spent nearly a decade editing and making digital content.

These days, Peter is all about keeping bettors in the loop about the biggest sports betting events, like the Super Bowl and March Madness. He's also always on top of the latest promo offers from the biggest sportsbooks so he can share the best deals straight with you.

One of his favorite ways to bet is using the Covers' player prop projections. He firmly believes you can find a lot of value in the four and five-star projections every day of the year with just a little attention to the totals and lines. For those of you new to the betting scene, he’s got some solid advice: "Start small. Pick a unit size that feels right for you and grow your bankroll over time."

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