BetMGM Bonus Code COVERS: Iowa Hawkeyes Fans Can Claim $1,500 First Bet for Ohio State Showdown
Iowa sports fans have a prime opportunity to cash in on this weekend's marquee Big Ten matchup. New BetMGM users can claim up to $1,500 in bonus bets using the bonus code COVERS when wagering on Ohio State vs. Iowa this Saturday, Oct. 3. The offer is available to new users in Iowa and other eligible states, providing a substantial safety net for what promises to be a high-stakes game at Kinnick Stadium.
How the $1,500 First Bet Offer Works
The BetMGM bonus code COVERS unlocks a $1,500 First Bet for new users in most states where the sportsbook operates, including Iowa. To qualify, you must make a minimum $10 deposit and place a real money wager on any sport or market. If your first bet on the Ohio State vs. Iowa game loses, you receive your entire stake back in bonus bets, up to $1,500.
Here's how the bonus bets are structured:
- Bonus bets expire seven days after issuance
- Wagers over $50 receive five bonus bets worth 20% of your qualifying wager each
- Wagers under $50 receive one bonus bet
- For example, a losing $1,500 wager on Ohio State vs. Iowa would return five $300 bonus bets
- Winning bets are immediately withdrawable; bonus bets must be wagered before any payout is available
- Only winnings from bonus bets are returned, not the bonus itself
The offer expires Sept. 1, 2026, at 11:59 p.m. ET.
Alternative Offer Available in Select States
Users in Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia can alternatively use the COVERS code to receive $150 in bonus bets when they make a $10 deposit and qualifying wager, regardless of whether that initial bet wins or loses. The $150 bonus is issued as three $50 bonus bets that expire seven days from issuance.
Expert Picks for Ohio State vs. Iowa
Sports betting analyst Rob Paul offers two expert plays on the Ohio State vs. Iowa matchup at BetMGM, where new users can bet $10 and get $150 in bonus bets if it wins.
Pick 1: Ohio State -13.5 (-125)
Paul likes Ohio State to cover the road spread despite the College GameDay atmosphere at Kinnick. He notes the Buckeyes match up favorably against Iowa, whose defense ranks just 66th in EPA per pass against an Ohio State offense led by Julian Sayin and Jeremiah Smith that ranks No. 4 in that same category. Iowa's inability to run the ball compounds the mismatch. A winning $10 bet at -125 returns a profit of $8, while a loss triggers the BetMGM welcome offer of $150 in bonus bets.
Pick 2: Over 45.5 (-110)
Paul also backs the Over 45.5, pointing out that Ohio State ranks No. 7 in offensive success rate and No. 13 in points per opportunity. Iowa's pass defense has been uncharacteristically shaky, with Jeremiah Smith leading the nation in receiving yards and poised for a big game. A winning $10 bet at -110 returns a profit of $9.09, while a loss triggers the BetMGM welcome offer of $150 in bonus bets.
How to Claim Your BetMGM Bonus Code Offer
Follow these steps to register and place your qualifying bet on Ohio State vs. Iowa:
- Visit BetMGM and click to register a new account
- Enter the bonus code COVERS during registration
- Make a minimum $10 deposit
- Place your qualifying first wager on the game
For more details about this offer and BetMGM's full sportsbook experience, 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.
Check your app for the latest boosts and bonuses, and explore all betting offers and odds boosts available today.
Frequently Asked Questions
Is the BetMGM bonus code COVERS available in Iowa?
Yes, new users in Iowa and most other states where BetMGM operates can use the bonus code COVERS to claim the $1,500 First Bet offer for the Ohio State vs. Iowa game.
What happens if my first bet loses?
If your first bet loses, you receive your entire stake back in bonus bets, up to $1,500. Bonus bets expire seven days after issuance.
Can I withdraw my bonus bets?
No, bonus bets must be wagered before any payout is available. Only winnings from bonus bets are returned, not the bonus itself.
When does this offer expire?
The offer expires Sept. 1, 2026, at 11:59 p.m. ET.