BetMGM Bonus Code COVERS50: Iowans Get $1,500 First Bet Offer
Iowans looking to wager on Friday's Colombia vs. Ghana match can use the BetMGM bonus code COVERS50 to unlock a $1,500 First Bet offer. Iowa is one of the eligible states where new users can access this specific welcome promotion, which also includes $50 in BetMGM Rewards Points upon sign-up. The offer provides a strong safety net for bettors wanting to engage with the growing sports betting market right here in the Hawkeye State.
How the BetMGM offer works for Iowa residents
The BetMGM bonus code COVERS50 unlocks two different welcome offers depending on where you live. For Iowa residents, the platform provides the $1,500 First Bet offer. This is also available in states like AZ, DC, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, and WY. In other states, including CO, MI, NJ, PA, and WV, bettors receive a Bet $10, Get $150 offer instead.
Both deals require the code COVERS50 at sign-up and a minimum $10 deposit to activate. You cannot participate if you are on any self-exclusion list.
Breaking down the $1,500 First Bet offer
For Iowans claiming the $1,500 First Bet, you simply place your opening wager on the Colombia vs. Ghana match. If your bet loses, you get your full stake back in bonus bets, up to $1,500.
The return structure depends on the size of your wager. Wagers over $50 are returned as five bonus bets, each worth 20% of your stake. For example, a $1,500 losing bet on Colombia to win would return five $300 bonus bets. Wagers under $50 come back as a single bonus bet. All bonus bets expire seven days from issuance, so you have to act quickly if you need to use them.
Understanding BetMGM Rewards Points
Regardless of the outcome of your first bet, you receive $50 in BetMGM Rewards Points instantly upon sign-up. These points offer real value for users. You can redeem them for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, or Gametime Vouchers. This feature adds an extra layer of value to the welcome offer, rewarding users simply for joining the platform.
Steps to claim your welcome offer
Follow these steps to sign up and place your first bet on Colombia vs. Ghana using the BetMGM bonus code COVERS50:
- Click through to BetMGM and create your new account.
- Enter the bonus code COVERS50 during the registration process.
- Make a minimum deposit of $10 into your new account.
- Place your first bet on the Colombia vs. Ghana match.
What other promotions are available?
BetMGM also offers ongoing promotions for users. One current highlight is