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The Edmonton Oilers needed an overtime period, but they got the result they were seeking when they tied up the 2025 Stanley Cup Final, 2-2, on Thursday. With the series now a best-of-three, new users who sign up with a BetMGM promo code can receive up to $1,500 in bonus bets ahead of Saturday's Game 5 at 8 p.m. ET. Two victories for Edmonton will help avenge last year's Stanley Cup Final defeat to Florida, while the Panthers are seeking to become the third franchise since 2000 to repeat as champs.

Here's everything to know about the BetMGM bonus code CBSSPORTS, including how to claim it and how it compares to other sportsbook promos on other betting sites, as well as a preview of Game 5 of the NHL Stanley Cup Final.

How to claim BetMGM promo code

The BetMGM promo code CBSSPORTS is available exclusively to new BetMGM users who have never made an account before and are at least 21 years old in a state where the sportsbook is available. Here's how to claim the offer:

  1. Click "Claim Bonus" on this page, which takes you to BetMGM 
  2. Create a BetMGM Sportsbook account by entering all required information
  3. Enter the BetMGM promo code CBSSPORTS
  4. Deposit at least $10 into your account
  5. Place a first bet for any amount

The way this offer works is if your first bet with BetMGM loses, you receive your stake back in the form of bonus bets. Your first bet is covered up to $1,500, and there's no minimum odds requirement attached to this offer. If you place a first bet of less than $50 and it loses, you get your stake back in the form of one bonus bet token equal to your initial stake. If you wager $50 or more and lose, you get your stake back in five bonus bet tokens each worth 20% of your first bet. For example, if you wagered $1,500 and lost, you'd get five $300 bonus bet tokens credited to your BetMGM account.

Bonus bets through this offer expire seven days after they're credited. If you win a bet using bonus bets, you receive the winnings and not the stake back. Bonus bets are non-refundable. 

BetMGM promo comparison

Here's how the BetMGM bonus code stacks up with new-user offers from other top sportsbooks. 

Brand

Promo

CBS promo code

BetMGM

Up to $1,500 in bonus bets if your first bet loses

CBSSPORTS  

DraftKings

Bet $5, get $300 in bonus if your bet wins

None required

Fanatics

Bet and get up to $1,000 in No Sweat Bets

None required

FanDuel

Bet $5, get $200 in bonus bets if your bet win  

None required

Caesars

Bet $1, double your winnings your next 10 bets

CBSDYW

bet365

Bet $5, get $150 in bonus bets win or lose

CBSBET365

The Fanatics Sportsbook promo code is similar to BetMGM's in that the sportsbook returns bonus bets if your bets lose. The difference is while BetMGM's offer covers your first bet with the sportsbook, Fanatics covers your first bet of the day for each of your first 10 days after signing up. Those bets are covered up to $100 each for a maximum return of $1,000 in bonus bets. 

Three sportsbooks offer "bet and get" promotions where a first wager of at least $5 can net you bonus bets: DraftKings, FanDuel and bet365. The DraftKings promo code offers new users $300 in bonus bets if their first bet wins at -500 or longer odds, and the FanDuel promo code nets new users $200 in bonus bets if they win their first bet, and there's no minimum odds requirement for that wager. With the bet365 bonus code, new users get $150 in bonus bets, which is less than DraftKings or FanDuel, but they don't need to win their first bet to earn these bonus bets. 

The Caesars Sportsbook promo code is a different type of promotion as Caesars doesn't offer bonus bets, but instead offers profit boosts. After placing a first wager of at least $1, new users get 10 100% profit boosts to potentially double their winnings for their next 10 bets. 

NHL Stanley Cup Final Game 5 preview

With the back and forth nature of this series in which neither team has truly grabbed control, the latest NHL odds for Game 5 are in line with the current state of the series. BetMGM has the Oilers as slight -115 favorites (risk $115 to win $100) on the money line. The over/under is 6.5 goals

The Oilers rallied from a three-goal deficit to win Game 4, in which Florida outshot Edmonton (40-35) for the first time in the series. It was a game of runs, with the Panthers scoring the first three goals, followed by the Oilers responding with four straight goals. Sam Reinhart finding the back of the net with just 20 seconds remaining in the third period sent it to overtime, where Leon Draisaitl was the hero with the game winner.

It was the German's fourth OT goal of the 2025 Stanley Cup Playoffs, breaking a tie he held with four others for the most in a single postseason. With his heroics, Draisaitl is at +220, per the latest NHL prop odds, to win the Conn Smythe Trophy. That's ahead of teammate Connor McDavid (+250), but trails Florida forward Sam Bennett who is the +150 favorite.

As for NHL picks with series betting, Edmonton regaining home-ice advantage gives it the slight edge to hoist Lord Stanley. The Oilers are -115 favorites to win two more games, with the Panthers at -105 to win the series. Using a BetMGM bonus code would also allow you to bet on if the 2025 Stanley Cup Final wraps up in six or seven games, with it going the distance the favorite with -120 odds.

Learn more about betting on the NHL with our NHL betting guide.

Responsible gaming

It's critical that bettors practice responsible gaming regardless of their experience level. That includes not chasing losses and understanding their limits. There are national resources available, such as The National Council on Problem Gaming, Gamblers Anonymous and 1-800-GAMBLER, and BetMGM also offers time and loss limits among other tools for its users.