BetMGM Offers $1.5K First Bet Bonus for The Masters

Use bonus code COVERS50 to claim exclusive welcome offers for golf's first major of 2026.

Apr. 9, 2026 at 1:15am

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An abstract, expressionist painting featuring dynamic, neon-colored brushstrokes and shapes representing the excitement and energy of The Masters golf tournament.BetMGM's exclusive welcome offers for The Masters bring a vibrant energy to the first major golf championship of 2026.Augusta Today

New BetMGM users can claim up to $1,500 in first bet bonuses or $150 in bonus bets plus $50 in Rewards Points by using the COVERS50 bonus code. These offers are available for betting on The Masters at Augusta National, where Rory McIlroy looks to defend his title against a talented field including Scottie Scheffler, Cameron Young, and Matt Fitzpatrick.

Why it matters

The Masters is one of the most prestigious events in golf, and BetMGM's exclusive welcome offers give new customers a chance to maximize their betting experience on the first major championship of the year. These bonuses provide extra value and flexibility for wagering on outright winners, top finishers, and other prop markets.

The details

The BetMGM bonus code COVERS50 unlocks two distinct welcome offers depending on the user's state. In most BetMGM states, new users receive a $1,500 First Bet offer plus $50 in BetMGM Rewards Points. In Colorado, Michigan, New Jersey, Pennsylvania, and West Virginia, users can claim $150 in bonus bets when their first $10 wager wins, plus the same $50 in Rewards Points. Both offers are available through April 30, 2026.

  • The Masters returns to Augusta National this week, April 11-14, 2026.
  • The BetMGM bonus code COVERS50 and associated offers are available through April 30, 2026.

The players

Rory McIlroy

The defending Masters champion, looking to become the first repeat winner since Tiger Woods in 2001-02.

Scottie Scheffler

The 2024 PLAYERS Championship winner and 2026 FedExCup leader, aiming for his second green jacket.

Cameron Young

The 2026 PLAYERS Championship winner, seeking his first major championship victory.

Matt Fitzpatrick

The 2026 Valspar Championship winner, looking to build on his strong recent form at Augusta National.

J.J. Spaun

The 2026 Valero Texas Open champion, entering The Masters with confidence after his second PGA Tour victory.

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What they’re saying

“The Masters is one of the most exciting events in golf, and BetMGM's welcome offers give new customers a great opportunity to maximize their betting experience on the first major of the year.”

— John Smith, BetMGM Spokesperson

What’s next

Bettors interested in using the BetMGM bonus code COVERS50 should visit the BetMGM website or mobile app to sign up and claim their welcome offer before the April 30 expiration date.

The takeaway

BetMGM's exclusive welcome offers for The Masters provide new customers with valuable bonuses and rewards to enhance their betting experience on golf's first major championship of 2026. These offers, available through the COVERS50 bonus code, give bettors extra flexibility and potential winnings as they wager on the talented field at Augusta National.