New Jersey Sports Betting

A state synonymous with gambling, we’ll detail everything there is to know about New Jersey sports be🐭tting in this guide. Read on to learn about the legal situation, the top bookmakers available, and more!

Where to Place Sports Bets in New Jersey

Is Sports Betting Legal in New Jersey?

New Jersey has a long history with gambling that traces back to the 18th century. The state is, of course, hꦫome to the famed casinos of Atlantic City, and their laws have typically been among the least restrictive in the US.

It hasn’t always been so easy with sports betting, however. While the state moved to legalize it in 2012, it faced major pushback from prominent governing bodies. In 2013, the US District Court ruled against the state, further setting things back.🍨 However, in what would be a pivotal moment, the tide turned in 2018 when the Supreme Court overturned the earlier decision.

Thus, sports betting has been legal in New Jersey since June 2018, with 27 legal online sportsbooks licensed by the New Jersey Di♎vision of Gaming Enforcement at the time of writing. In the above table, we have listed the top four.

The Growth of Sports Betting in New Jersey

Sports betting is alive and kicking in New Jersey, with the overall future looking bright. In Jꦜanuary 2023, a proposal for a ten-year extension of the region's online gaming laws was discussed at the state's legislative session to start the new year.

In January, New Jersey posted its fourth consecutive month with more than $1bn in sports betting handle. That resulted in $72.3m in revenue for the state. However, the handle dipped to $847.4m in February – the state’s lowest revenue generation since July 2022.

New Jersey has also taken steps in recent times to resolve responsible gambling issues. Since the 10 February, the New Jersey Division of Gaming Enforcement has started to deploy a program where online bookmakers are now required to study player data to identify possible problem gamblers. These operators must also have strate👍gies in place to help said gamblers.

Sports Betting Revenue & Taxation in New Jersey

Following the a🔯rdu𒁏ous process of legalization which eventually concluded in 2018, things moved swiftly. New Jersey's casinos and racetracks started to open physical betting stops that summer, with online betting sites following soon after.

The aforementioned legislation covered se🌄veral aspects from a reve🍌nue and taxation point of view. Here are some notable points:

Comparison of Top Sportsbooks

1. DraftKings

A huge player on the American sports betting scene, DraftKings has blossomed into, arguably, the country’s most popular bookmaker. Pꦜunters in 22 states can use this bookie, 𓂃which was formed in 2012 primarily for the use of fantasy sports.

Overall, this is an excellent betting site with very few faults. Their odds have long been competitive, while the quality of their platform is unrivalled. Placing bets is a simple process, and DraftKings offer an array of markets across a ton of sports. The NBA and the NFL are, as you’d expect, the primary focus, but even more niche sports such as cricket, which is🐎 slowly gaining popularity in the States, are also covered in im🦹pressive detail.

Fantasy lovers can still utilize DraftKings to full effect, while traditionalists are also appeased with the bookie’s coverage of pools betting.

Their promotions are original and exciting, covering a myriad of sports, although some have disputed whether there are enough promos offered by the bookie at one time. Nevertheless, new customers are treated to an excellent welcome offer that could see them earn up to $1,250 in bonuses.

2. BetMGM

Accessible in 20 states, BetMGM is another widely available US bookmaker.

The bookmaker boasts a comprehensive sportsbook of up to 30 different sports, although this does differ by the state. What makes BetMGM such an excellent bookmaker is the ease at which you can access all parts🌄 of their efficient and technically sound website. It’s superbly designed. Punters will also be encouraged by their competitive odds.

The bookie’s excellent customer service and rigorous FAQ section ensure all queries are covered, so it’s unlikely you’ll have any trouble given just how well the website functions and operat🦂es. On the promotions front, BetMGM slacks somewhat compared to its competitors, but their welcome offer is laden with value.

New customers can earn up to $1,000 in bonus bets (up to $1,000) should their first bet lose. However, there are an array of rules and terms to familiarise yourself with to𝐆 ensure your profit the most from this generous🍸 offer.

3. FanDuel

FanDuel is no longer merely a respected fantasy sports provider; it has developed into one of America’s leading bookmak🅘ers in recent years alongside DraftKings and BetMGM.

The site is available in 18 states and is still hugely popular 🎐among fantasy football lovers. However, as a bookmaker, its intriguing and exciting sportsbook promotions ensures that plenty of punters are enticed.

Bet boosts, win bonuses, and parlay specials are just a few examples of what you'll find here, but New Jersey punters must make use of the bookie’s welcome offer before they enjoy their promotions offering. FanDuel’s new customer offer is a no-sweat bet of up to $2,500.

Navigating FanDuel's website is a breeze, with basic♛ processes such as depositing and withdra෴wing a piece of cake, leaving you to focus on the fun stuff.

4. Borgata Online

A sister company to BetMGM, New Jersey and Pennsylvania are the only two states where Borgata is licensed to operate.

𒐪 Given its links to BetMGM, it’s no surprise that th🔜e Borgata site bears resemblances. Nevertheless, the latter certainly isn’t a copycat, with enough distinction to separate the two.

Borgata’s sign-up offer is a lucrative Bet $20 Get $100 promotion – just be sure to check out all the terms and conditions beforehand to ensure you qualify.

Furthermore, Borgata, similar to BetMGM, offers other exclusive promotions and rewards for its users, and those that enjoy creating parlay bets will particularly enjoy the frequent parlay boosts here. Early cash out, betting guides, and livestreaming are other useful features found at ༒this platform.

Best Sports Betting Apps in New Jersey

#1. DraftKings

America’s most prominent sportsbook is compl🌼emented by an excellent mobile app. Both traditional bettors and fantasy sports lovers will appreciate the user-friendly interface, an array of exciting features, and a long list of promotions.

#2. BetMGM

Lade🐻n with features and promotions, BetMGM’s app is deservedly regarded as one of the best in the US.

In-play betting is made simple by the speed at which the bookie’s live markཧets are updated, although some have encountered technical issues which can prove mightily frustrating when betting on the move.

Nevertheless, that’s only 🐈a minor detraction.

#3. FanDuel

It’s pretty tough to make a distinction between FanDuel’s app and desktop site, but that’s not necessarily a bad thing considering🍌 just how efficiently the latter functions.

As a result, all banking, betting, and per♒sonal options are available, as well as the bookmaker’s sportsbook promotions. The app, which has unsurprisingly proved to be immensely popular, is available to download on both iOS and Android.

#4. Borgata Online

Borgata certainly aren’t bereft of confidence, describing themselves as ‘New Jersey’s best sportsbook’ – though the likes of DraftKings, FanDuel, and, of course, BetMGM, might have something to say about that.

Nevertheless, like FanDuel, Borgata’s app is essentially its website condensed into a smaller screen. Thu🤡s, the bookie’s leading sportsbook promotions, such as parlay boost, are accessible on mobile. While some will debate whether it truly is the best bookie the state’s got to offer, Borgata has certainly made a case.

New Jersey Sports Betting Promotions

Here are some of the most common sports bett🃏ing promotions offered by bookmakers licensed in N😼ew Jersey.

Deposit Match Bonus

Deposit match bonuses are common among US bookmakers and involves the bookie giving new customers bonus bets equal to the am🍌ount you deposit when you first sign upꦛ.

For example, if you make a first deposit of $30 with a bookmaker that offers a deposit match bonus promotion, the bookie will then gift the new customer $30 in bonus bets.

These bonuses are typically separated into multiple bets, and some bookmakers may li𓆉mit which markets they can be usedᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚ on. So, it’s always worth checking the terms and conditions to ensure you take full advantage of the offer.

There are some bookies that, instead of matching a new customer’s maiden deposit, match the punter’s first b꧟et stake. The conce🐠pt is pretty much the same otherwise.

No Deposit Bonus

 A no deposit bonus is a hugely popular promotion among bettors as you ღdon’t even need to deposit funds into your ac🍷count before getting your bonus.

With this promotion, merely signing up with the bookmaker is often enough to earn the bonus in questi🔥on. It’s likely that you’ll have to enter a bonus code during registration, but that’s far from tough graft.

There’s little risk involved here too, as you don’t need to stake your own money to earn the bonus funds, and the free bets can be a superb way of getting your journey with the bookmaker in question🔯 underway.

Enhanced Parlays

No matter whether you’re ⭕a novice or an expert punter, there’s always time for a quick parlay. They’re just so exci꧃ting – even when one team agonizingly lets you down!

A parlay, just in case you needed reminding, i🀅s when a bettor makes multiple wagers and combines them into one big bet. Such bets typically return big profits given the unlikelihood of them coming in, but that’s what makes them such a popular bet. The dream.

So, if punters love a parlay, imagine how much they adore enhanced parlays. These are, in essence, bigger and better iterations of your standard parlay. Your odds are 💮boosted, occasionally at random with certain bookies, and thus bigger returns are on offer.

Money Back Betting Offers

A ‘no-sweat first bet’ is a common new customer offer among US bookmakers. This type of promotion can beꦦ categorized as ‘money back’ p𓃲romotions.

Bookmakers will refund your first bet should it lose up to a certain amount – which can vary from $50 all the way up to $1,000. Some might regard this offer as a bonus bet, but you will almost always receive your money back via bet credits/free bets, not real cash.

Boosted Bets

Boosted bets gifts you bigger odds and, thus, higher potential returns for your successful wager. With this promotion, the bets that are booste🀅d could be random, or there are designated pre-match and live bets to select from.

There’s little to complain about with boosted bets. What♏’s not to like? Having said that, one small catch is that bookmakers may limit how much you can stake on particular boosted markets.

Parlay Insurance

It’s a love/hate relationsh🍨ip w🌳ith parlays, that’s for sure. A major reason for such dismay is when just one of your selections lets you down. However, with parlay insurance, this frustration is somewhat mitigated.

The insurance manifests a full or partial refundꦡ (free bets) should just one leg of your parlay fail to hit.

Not all bookmaker🌜s 🍰are so kind, however, are this promotion is certainly harder to find than most.

Existing Customer Betting Offers

While new customer offers are key to attracting potential new⛎comers, existing custo⛎mer offers are imperative to retaining their interest.

These promotions can 💯vary from some that we’ve already noted, such as boosted bets and enhanced parlays, to exclusive VIP/loyalty reward schemes in which high rollers can earn an incredible list of prizes.

Special Events Promotions

Gambling revenue streams peak in the US in February mainly because of the 💧Super Bowl. These major events are a massive opportunity for bookmakers to rake in the cash with special promotions.

Popular Types of Bets

Here are some of the most popular types of bets that New Jersey be🎶ttors make 🉐on a variety of sports.

Where To Bet on Local New Jersey Teams

The most prominent New Jersey sports teams include the ✅New York Giants and Jets of the NFL, the New York Red Bulls of the MLS, and the New Jersey Devils of the NHL. In addition, given the state’s proximity to New York, teams based in the Big Apple also enjoy considerable support.

Important Sports Events in New Jersey 2024

Here’s our pick of sporting events in 2024 that are sure to strike the intereꦏst of New Jer🔯sey sites.

While current New Jersey betting laws are pretty lenient, but punters are not allowed to bet on any collegiate sport or athletic event that takes place in the state, nor on any event a N🦩ew Jersey college team competes in – no matter where it takes place. All high school events are described by the state as “prohibited”, as well as any electric sports or competitive video games event in which theღ majority of the competitors are under 18.

New Jersey Sports Betting Timeline

Here’s a hওistory of sports betting in New💖 Jersey:

1830s – Freehold Raceway, the oldest🍸 racetrack in the US, opens.

1870 – The first thoroughbred racetrack, Monmouth ♛Park, opens in Eatontown.

1894 – All gambling is deemed illegal.

1939 – Racetrack gambling is officially re-legalized.

1992 – The Professional and Amateur Spo🦩rts Protection Act outlaws sports betting acro𒁏ss the US.

2009 – PASPA is formally challenged by the state.

2012 – State legislature enacts the Spoꩵrt Wagering Act which allows sports wagering at casinos and racetracks. The law’s contradiction to the 1992 PASPA brings about a lengthy legal battle, with several sporting governing bodies arguing New Jersey’s new law violated PASPA.

2018 – The Supreme Court takes the case and rules in favor of ♉the state. New Jersey quickly moves to legalize sports gambling.

States Where It Is Legal To Bet on Sports

Since 2018, states aওcross the US have been making individual decisions on the legalization of sports betting. Presently, New Jersey ꦕis among the 30+ that have embraced it, reflecting the expanding acceptance and availability of sports betting options throughout the nation.

ThePuntersPage Final Say

New Jersey sports bettors have it⛦ pretty sweet, with access to the best US bookmakers in the country, and their state gambling laws are among the most lenient to boot. If you're still finding your way around, we suggest bookmarking this article to make sure you have all the information you need at hand!

References