BetMGM Bonus Code SBRMGM: Get $1.5K Bonus Bets Back for NBA & NHL Playoffs, MLB, WNBA Games
Last Updated: May 21, 2026 4:15 PM EDT • 4 minute read X Social Google News Link
Thursday, May 21 is loaded with postseason action, and new customers can take advantage of a massive welcome offer by using the BetMGM bonus code SBRMGM to claim a First Bet Offer up to $1,500 + $50 in MGM Rewards Points. This is one of the top sportsbook promos available heading into a night that features Game 1 of the NHL Eastern Conference Final between the Montreal Canadiens and Carolina Hurricanes, plus Game 2 of the NBA Eastern Conference Finals between the Cleveland Cavaliers and New York Knicks. Code SBRMGM is required to unlock this offer.
BetMGM bonus code overview
| 📲 BetMGM Bonus Code Code | SBRMGM |
| 💰 New User Offer | Get A $1,500 First Bet ; Bonus Bets Back If It Loses in AZ, CO, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, WY |
| 💰 Secondary New User Offer | Bet $10, Get $150 If It Wins In MI, NJ, PA, WV |
| 📄 Terms and Conditions | New customers 21 and over. This welcome offer is available in AZ, CO, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, WY, MI, NJ, PA, WV. Offer not available in NY, NV, or PR, or to residents of Ontario. |
| 📅 Bonus Verified On | May 21 |
| ✅ Information Confirmed By | Darren Kritzer |
How to claim the BetMGM bonus code for Thursday
Claiming your BetMGM welcome bonus ahead of Thursday's playoff action is quick and straightforward. Follow these steps to get started: 🏒🏀
- Register: Sign up for a new BetMGM account using bonus code SBRMGM. Have your name, address, email, and driver's license ready to verify your identity.
- Deposit funds: Make an initial deposit of at least $10 to qualify for the welcome offer.
- Place your first bet: Wager on any market that interests you — whether it's Canadiens vs. Hurricanes Game 1, Cavaliers vs. Knicks Game 2, MLB, or WNBA action. If your bet loses, BetMGM will credit your account with bonus bets up to $1,500.
- Collect your winnings or bonus bets: If your wager wins, withdraw your winnings right away. If it loses, your bonus bets will be credited to your account. Bonus bets must be used before any payout can be accessed. You also receive $50 in MGM Rewards Points regardless of the outcome.
For a deeper look at what BetMGM has to offer beyond the welcome bonus, check out our full BetMGM bonus review.
BetMGM bonus code terms & conditions
Here is a closer look at how the BetMGM bonus code SBRMGM offer works in detail. New customers who sign up and deposit at least $10 are eligible for the First Bet Offer up to $1,500 plus $50 in MGM Rewards Points. The $50 in Rewards Points is awarded win or lose on your first bet. 🎉
If you place a first bet of $200 on the Canadiens to win Game 1 against the Hurricanes and it loses, BetMGM will return your full $200 stake as bonus bets. If you go bigger and wager $1,500 on the Cavaliers to cover the spread in Game 2 against the Knicks and it loses, you would receive five bonus bets worth $300 each, totaling $1,500. Wagers under $50 result in a single bonus bet equal to your stake, while wagers of $50 or more are split into five equal bonus bets.
Bonus bets expire seven days after issuance and cannot be withdrawn directly — they must be used on a wager first. BetMGM does not return your stake when using bonus bets. Key terms to keep in mind are listed below:
- New customers only; code SBRMGM required at registration
- Minimum $10 deposit required to qualify
- First Bet Offer up to $1,500 in bonus bets if your first wager loses
- Bets over $50 are returned as five equal bonus bets; bets under $50 are returned as one bonus bet
- Bonus bets expire seven days after issuance
- $50 in MGM Rewards Points awarded regardless of outcome
MGM Rewards Points are part of the BetMGM Rewards program and can be redeemed for a variety of benefits, including bonus credits for digital play at BetMGM, MGM Rewards Points for use at MGM properties, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. Learn more about the program at the BetMGM Rewards page. In Colorado and most other states, the $1,500 First Bet offer applies. In Michigan, New Jersey, Pennsylvania, and West Virginia, new users can alternatively opt for a Bet $10, Get $150 offer if their first $10 wager wins, issued as three $50 bonus bets. 🏆
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Affiliate Disclosure: Not intended for use in MA. Each betting site featured on SBR has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission.
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US)877-8-HOPENY or text HOPENY (467369) (NY)1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR)21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.
Devon Taylor X social