Updated: May 15, 2022
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Since the overturning of the Professional and Amateur Sports Protection Act (PASPA) in 2018, many states have reaped the rewards of legal sports betting, but none more so than New Jersey.
The Garden state, in fact, led the charge for the repeal of PASPA, which ended with SCOTUS siding in their favor. Shortly after that ruling, sports betting was legalized in New Jersey, and it has remained legal ever since.
To say that it has been a success would be an understatement. New Jersey has grown to become the largest market for legal online sports betting in America and has consistently been the state reporting the highest handle.
One reason for this success is its adoption of online betting early on alongside retail betting, which led many other states to replicate NJ’s model when legalizing sports betting.
So sports bettors within the state should not only expect a highly competitive, regulated market but also the industry standard for online sports betting.
Pros & Cons Of Betting On Sports In New Jersey
- The state’s high level of competition guarantees a healthy marketplace.
- Whether it’s online or land-based sportsbooks, sports bettors always have a wide variety of options to choose from.
- Sports betting has been a huge boost to the state’s revenue.
- New Jersey has lower tax rates when compared to many other states.
- With a great emphasis on online betting, bettors can easily register and place a bet in minutes without having to visit a retail sportsbook.
- Online sports bets are taxed higher than retail sports bets—land-based revenue is taxed at 8.5% while the tax rate for online revenue is 13%.
- Since online betting is more prevalent within the state, it’s easier for sports bettors to become addicted to gambling due to convenience.
- Betting is a commonplace activity in NJ and is aggressively advertised. As such, people dealing with problem gambling will constantly be subjected to reminders of gambling, even when they are actively trying to avoid it.
- With so many sportsbooks to choose from, it can be difficult to narrow down which operator to try.
Would We Bet On Sports At New Jersey Sportsbooks?
Despite the few cons, there’s probably no state that has cracked the sports betting code better than New Jersey.
Though the state has an overreliance on online betting, there are still plenty of options for bettors who prefer in-person betting, so customers can opt for either and don’t have to settle for an unfavored choice.
In addition to this, the high level of competition guarantees that sportsbooks will always prioritize customers’ needs, which is why you’ll also find unique sports betting markets in many New Jersey sportsbooks.
The state has easily become the go-to destination for many seeking a sports wager, and market trends show that this dominance in the sports betting industry will be solidified in years to come.
So if you ever find yourself in New Jersey and want to place a bet, you can be confident that you’ll always be getting your money’s worth. You can also try your luck by playing at New Jersey online casinos.
How To Sign Up At A Betting Site
The good thing about registering online is that it is a relatively quick and easy process, especially since it is similar to many other registration processes.
To sign up at a betting site, go to the sportsbook’s website or app and locate the Join or Register button.
Other betting sites might say “sign up” or something similar, but you’ll definitely notice the button regardless of the terminology used.
Next, click on that button, and you’ll be taken to the registration page. Some of the details that you’ll need to provide when signing up include the following:
- Your name.
- Your email address.
- Your D.O.B.
- Your postal address.
- Your mobile number.
- Your Social Security number or its last four digits.
- Some will require copies of government-issued documents like your Identity Card or passport.
- A username and password.
After providing all the above details, the betting site will send a confirmation email to your email address after verifying your account.
Verification is usually automatic and takes a couple of minutes since most of these sites use e-verification, which just matches the details provided with public records.
In the case that you’re required to provide supporting documents, verification will take between a couple of hours to 1 day at most, depending on the sportsbook’s customer support team.
It’s important to note that accounts on betting sites these days are multipurpose.
This means that if you had previously signed up for one—be it an account for sports betting, casino gambling, or horse racing on that very site—you should use that account instead of signing up for a new one.
Additionally, a tedious back and forth may ensue when you try to sign up for another one as betting sites stipulate that a user can only have one account, and both accounts may be closed because of breaching their terms of service.
New Jersey sportsbooks are required by law to only serve users who are within the boundaries of the state.
So these sportsbooks need to use certain methods to ensure that people accessing their sites are actually doing so while they are in New Jersey, and these methods need to be accurate so that they don’t wrongly cut off legitimate customers.
This is where GeoComply comes in.
GeoComply, which is an app, is a location validator that ascertains the location of a user. GeoComply ensures that a bettor is located in New Jersey and isn’t using a virtual private network to spoof their location.
Many sportsbooks these days work in compliance with GeoComply and request users install and turn on the geo-validator first.
To turn on GeoComply, a user first needs to download the app. After doing so, head to the app and allow it to use location services.
After giving it this permission, it will run in the background and give your precise location info to GeoComply supported websites such as sportsbooks.
Sports Betting Apps
One great thing about online betting is that users have the option of using sports betting apps to place bets.
These apps, which work in similar ways to all other mobile apps, perfectly optimize the online betting experience and allow you to bet while on the go.
Additionally, all the sports betting options available on the pc site are still available, so there is no compromise made when a bettor opts for the app instead.
All major sportsbooks have their own specially designed apps that are available on both Android and iOS devices.
Pros & Cons Of Sports Betting Apps
- Apps grant bettors convenience with wagering on the go.
- Some sportsbooks allow you to live stream events through their mobile apps, so you can acess the stream anywhere in the state.
- Apps give bettors flexibility because they don’t force bettors to schedule their days around their gambling activities.
- Mobile apps will conveniently alert users of perks like promos and bonuses.
- You can also use the app to deposit and withdraw funds.
- Temptation can easily lead to addiction because people always have their mobile devices with them these days.
- User experience can be an issue depending on the device that one is using to navigate the sportsbook.
- Additionally, many bettors will find a smaller screen to be very limiting.
- The convenience of betting on the go might lead some people to be distracted and bet at times that they shouldn’t, such as when they are driving. In such a scenario, an accident could easily occur.
- The convenience of mobile betting might also lead one to spend more money than they would have if they didn’t have the app with them at all times. This can lead to budgeting issues.
Sports betting apps from the following sportsbooks are available in New Jersey:
DraftKings Sportsbook App
DraftKings began as a fantasy football provider but jumped into the sports betting industry in 2018. DraftKings was the first online sportsbook to launch in New Jersey when it did so in August 2018, and it has since gone on to be a major success.
The sportsbook can be accessed via its website or through the aforementioned mobile apps. Other perks, such as bonuses and live betting, are also available on the platform.
FanDuel Sportsbook App
FanDuel also began as a fantasy football provider and also got into the sports betting market in 2018 after being purchased by Flutter Entertainment, an Irish bookmaker that was then known as Paddy Power Betfair during the purchase.
FanDuel launched a retail sportsbook at the Meadowlands Racetrack in July 2018 and then launched an online sportsbook in September of that same year.
Since then, it has become a sports betting powerhouse and is the state’s most popular sportsbook. Some of the perks of the FanDuel app include its marvelous user interface, fast live betting, and unique sports betting options, just to name a few.
BetMGM Sportsbook App
From the revered MGM brand, BetMGM is an online sportsbook that was the second mobile betting platform to launch in New Jersey, though it did so under the name PlayMGM before rebranding to BetMGM.
BetMGM has all that you’d expect from an online sportsbook: a smooth mobile app, live betting, and casino and poker offerings as well.
Other unique perks of BetMGM include its early cashout— which allows users to cash out before a game has been decided—and unique offers and discounts that extend to their resorts.
PointsBet Sportsbook App
PointsBet, a company founded in Australia, ventured into the US sports betting market in January 2019 after launching an online sportsbook in New Jersey.
One of the highlights of PointsBet is its unique approach that the company terms as points betting.
This is basically a high-risk high-reward betting system where the more points that your selected team wins by, the more profit you make. Aside from that, the sportsbook still has everything that you’d want in a 21st-century bookie.
Fox Bet Sportsbook App
This sportsbook was founded in 2019 after Fox Sports struck a partnership with The Stars Group. Flutter Entertainment ended up buying The Stars Group, and Fox Corporation—the owners of Fox Sports—ended up with a minority stake in Flutter Entertainment.
Fox Bet’s main betting markets are North American sports such as football, boxing, tennis, and soccer, though they also cover major international events.
Fox Bet often taps into its Fox brand and uses celebrities and influencers from that brand to advertise their sportsbook, which works well by appealing to mainstream audiences.
How To Fund Your Betting Account
Funding one’s account—whether it’s depositing or withdrawing money—is a straightforward, hassle-free process.
To easily deposit money into your betting account, follow these steps below:
- Log in to your sports betting account.
- Press the ‘Deposit’ or ‘Add Funds’ button. This is usually placed at the very top of the page or on the side menu.
- Choose your preferred depositing method.
- Enter the amount you wish to play with. If needed, add your card.
- If a prompt pops up on the screen, follow the instructions.
- The site will confirm the deposit and the funds will instantly reflect in your betting account balance.
On the other hand, if you wish to withdraw after reaping lots from the bookies, just stick to these standard steps:
- Log in to your betting account.
- Search for the cashier section. This can be termed as wallet, banking, or cashier, or some other similar terminology.
- Once there, click the ‘Withdraw’ button that is visible.
- Choose your most comfortable withdrawal method.
- Enter the amount of money that you want to cash out.
- In case a prompt shows up, follow the instructions.
- The funds will then be transferred to your account and the site will notify you of this transaction.
Online Sportsbook Payment Process
Sportsbooks always ensure that each potential customer can easily access their services.
For this reason, you’ll always find a variety of payment options. So despite whichever deposit or withdrawal option that you prefer, you’ll still be able to access your funds.
The most common deposit options include the following:
- Credit and debit cards
- Play+ cards
- Prepaid cards
On the other hand, withdrawal options are usually fewer. However, they are still adequate and can cover most sports bettors’ needs.
The most common withdrawal options that you’ll find on most bookies include the following:
- Cash at the casino cage
- Play+ prepaid cards
- Check by mail
How Do Sports Betting Sign Up Offers Work?
Sports betting sign-up offers are usually reserved for new bettors. These sportsbook sign-up offers are rewards given to new customers after they create an account, and are often given in the form of site credit.
Since it doesn’t take much to claim these offers, bettors are always encouraged to capitalize on sign-up offers whenever they stumble upon them.
The three main sign-up offers are discussed below:
First Deposit Offer
First deposit offers are very common among New Jersey sportsbooks. Here, sportsbooks match the very first deposit made up to a certain amount after a new user has completed the registration process.
For example, a sportsbook may offer a first deposit bonus of up to $500 with a 100% match. So if you deposit $500, you get an extra $500 in the form of site credit that you can then use to play with.
This deal also has wagering requirements, so be sure to understand how to clear the bonus before claiming. Details can be found in the promotion terms and conditions.
No Deposit Offer
No deposit offers are usually the most lucrative of them all. This is because this offer is given to bettors for simply creating a betting account on sites with no deposit offers.
So unlike a first deposit offer, you don’t need to deposit any amount to trigger the bonus.
Risk-free bets act like guarantees from sportsbooks. In simple terms, if your first wager on the site ends up being a loss, the sportsbook will reimburse that stake—up to an initially stated amount—usually in the form of site credit.
So you can use that refunded stake to go again in case you end up losing—a definite win-win situation!
However, risk-free bets are only applicable to a user’s first bet and are immediately nullified if the first bet ends up being a win.
Where Can I Place A Bet In New Jersey?
Bettors in New Jersey can use an online sportsbook to place a bet from anywhere within the state.
Alternatively, bettors who prefer the old-school, vivid atmospheres of land-based sportsbooks also have that option to choose from.
Land-based sportsbooks are available in the following casinos and racetracks:
- Bally’s Casino
- Golden Nugget Casino
- Harrah’s Casino
- Ocean Casino Resort
- Tropicana Casino
- Borgata Casino
- Hard Rock Casino
- Resorts Casino
- Caesars Casino
- Freehold Raceway
- Monmouth Park
- The Meadowlands
New Jersey Sports Betting Laws And Tax Rates
New Jersey has always been a gambling state at heart; all, the only thing lacking was legal sports betting. In 2018, the prayers of millions of New Jerseyans were answered.
After a tense legal battle with the NCAA, the Supreme Court sided in New Jersey’s favor after declaring that the Professional and Amateur Sports Protection Act (PASPA) was unconstitutional in a 6-3 vote.
That ruling gave states legal autonomy to pursue sports betting if they wished. Post that ruling, Governor Phil Murphy signed Assembly Bill 4111 into law in June 2018 that effectively legalized sports betting in New Jersey.
Regarding sports betting tax rates, New Jersey’s rates are lower than average when compared to those of other states, since many opt for a standard 15% tax rate.
However, unlike most other states, land-based revenue from sports betting is taxed at a different rate from online revenue. The tax rate for land-based revenue is 8.5% while online sports betting revenue is taxed at 13%.
Gambling Problem? Find out how to exclude yourself from betting sports in New Jersey.
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