š§ A state synonymous with gambling, weāll detail everything there is to know about New Jersey sports betting in this guide. Read on to learn about the legal situation, the top bookmaškers available, and more!
- 1 Where to Place Sports Bets in New Jersey
- 2 Is Sports Betting Legal in New Jersey?
- 3 Sports Betting Revenue & Taxation in New Jersey
- 4 Best Sports Betting Apps in New Jersey
- 5 New Jersey Sports Betting Promotions
- 6 Popular Types of Bets
- 7 Where To Bet on Local New Jersey Teams
- 8 Important Sports Events in New Jersey 2024
- 9 New Jersey Sports Betting Timeline
- 10 States Where It Is Legal To Bet on Sports
- 11 ThePuntersPage Final Say
- 12 References
- 13 New Jersey Sports Betting ā FAQs
Where to Place Sports Bets in New Jersey
Full T&Cs apply. Gambling problem? Call 1-800-GAMBLER |
Full T&Cs apply. Gambling problem? Call 1-800-GAMBLER |
Full T&Cs apply. Gambling problem? Call 1-800-GAMBLER |
Full T&Cs apply. Gambling problem? Call 1-800-GAMBLER |
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, home to the famed casinos of Atlantic City, and their laws have typicalš²ly been among the least restrictive in the US.
ā It hasnāt always been so easy with sports betting, however. While the state moved to legalize it in 2012, it faced major pź§ushback 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 Division of Gaming Enforcement at the time of writing. In the above table, we hāave listed the top four.
The Growth of Sports Betting in New Jersey
Sportsā betting is alive and kicking in New Jersey, with the overall future looking bright. In January 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 stateās 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 identš¶ify possible problem gamblers. These operators must also hź§ ave strategies in place to help said gamblers.
Sports Betting Revenue & Taxation in New Jersey
Following the arduous process of legalization which eventually concluded in 2018, things moved swiftly. New Jersey's casinos and racetracks started tš¼o opeź¦n physical betting stops that summer, with online betting sites following soon after.
š¬The aforementioned legislation covered several aspects from a revenue and taxation point of š§view. Here are some notable points:
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Licenses for tšhe casinos and racetracks cost $100,000 at issue.
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Internet gambling licšenses cost $400,000, plus $š250,000 for responsible gaming fees.
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Casinos pay 8.5% in taxes for land-based wagšers and 13% for electroąµ©nic wagers.
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Racetracks also pay 8.5% plus an additionašl 1.25% for bets šÆplaced online.
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š§øAll sports are subject to 0.25% in federal taxes.
Comparison of Top Sportsbooks
1. DraftKings
A huge player on the American sports betting scene, DraftKings has blossomed into, arguably, the countryšās most popular bookmaker. Punters in 22 states can use this bookie, which 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 youād expect, the primary focus, but even more niche sports such as cricket, which is slowly gaining popularity in the States, are alsoš covered in impressive detail.
Fantasy lovers can still utilize DraftKings to full effect, while traditionalists are also appeased with the bookieās 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 šat which you can access all parts of their efficient and technically sound website. Itās superbly designed. Punters will also be encouraged by their competitive odds.
The bookieās excellent customer service and rigorous FAQ section ensure all queries are covered, so itās unlikely youāll have any trouble given just how well the website functions and operates. On the promotions front, BetMGM slacks somewhat compared to its competią¹tors, but their welcome offer is laden šwith value.
New customers can earn up to $1,000 in bonus bets (up to $1,000) should their firstā bet lose. However, there are an array ofą¹ rules and terms to familiarise yourself with to 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 Americaās leading bookmakers in recent years aloź¦ngside 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 exš ŗciting 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 bookieās welcome offer before they enjoy their promotions offering. FanDuelās 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 šwithdrawing 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.
Given its links to BetMGM, itās no surprise that the Borgata site bears resemblances. Nevertheless, the latter certainly isnāt š§a copycat, with enough distinction to separate the two.
Borgataās 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. Earlšøy cash out, betting guides, and livestreaming are other useful features š„found at this platform.
Best Sports Betting Apps in New Jersey
#1. DraftKings
Americaās most prominent sportsbook is complemented by an excellent mobile app. Both traditź¦¬ional bettors and fantasy sports lovers will appreciate the user-friendly interface, an array of exciting features, and a longš list of promotions.
#2. BetMGM
š ź§ Laden with features and promotions, BetMGMās app is deservedly regarded as one of the best in the US.
In-play betting is made simple by the speed atź¦ which the bookieās live markets are updated, although some have encountered technical issues which can prove mightily frustrating when betting on the move.
Nevertheless, thatās only a minošr detraction.
#3. FanDuel
Itās pretty toš ugh to make a distinction between FanDuelās app and desktop site, but thatās not nešcessarily a bad thing considering just how efficiently the latter functions.
As a result, all banking, betting, and personal options are available, as well as the bookmakerās sportsbook promotions. The app, which has unsurprisingly proved to be immensely popular, is available ź§to download on both iOS and Android.
#4. Borgata Online
Borgata certainly arenāt bereft of confidence, describing themselves as āNew Jerseyās best sportsbookā – though the likes of DraftKings, FanDuel, and, of course, BetMGM, might have something to say about that.
Nevertheless, like FanDuel, Borgataās app is essentially its website condensed into a smaller screen. Thus, the bookieās leading sportsbook promotions, such as parlay boost, are accessible on mobile. While some will debate whether it truly is the best bookie the stateās got to offer, Borgata has š§øcertainly made a case.
New Jersey Sports Betting Promotions
Here are some of the most common sports bš®etting promotšions offered by bookmakers licensed in New Jersey.
Deposit Match Bonus
š Deposit match bonuses are common among US bookmakers and involves the bookie giving new cš½ustomers bonus bets equal to the amount you deposit when you first sign up.
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 limit which markets they can be used on. So, itās always worth checkināg the terms and conditions to ensure you take full advantage of the offer.
There are some bookiāes that, instead ofš matching a new customerās maiden deposit, match the punterās first bet stake. The concept is pretty much the same otherwise.
No Deposit Bonus
A no deposit bonus is a hugely popular promotion among bettors as you donāt even need to deposit funds into your account before gettingź¦ your bošnus.
ą¼ŗ With this promotion, merelyā signing up with the bookmaker is often enough to earn the bonus in question. Itās likely that youāll have to enter a bonus code during registration, but thatās far from tough graft.
Thereās little risk involved here too, as you donāt 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 š«question underway.
Enhanced Parlays
No matter whetšher youāre a novice or an expert punter, thereās always time for a quick parlay. Theyāre just so exciting ā even when one team agonizingly lets you down!
A parlay, just in case you needed reminding, is 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 thatās what makes them such a popular ź¦bet. The dream.
į£ 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 āno-sweat first betā is aā± common new customer offer among US bookmakers. This type of promotion can be categorized as āmoney backā promotions.
Bookmakers will refund your first bet should it lose up to a certain amount ā 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 successāful wager. With this promotion, the bets that are boosted could be random, or there are designated pre-match and live bets to select from.
Thereās little to complain about with boosted bets. Whatās not to like? Having said that, one small catch is that bookmakers may limit how mucšh you can stakąµ²e on particular boosted markets.
Parlay Insurance
Itās a love/hate relationship with parlays, thatās for sure. A major reason for such dismay is when just one of your selections lets š§you down. Hoź¦wever, with parlay insurance, this frustration is somewhat mitigated.
The insurance manifests a full or partial refund (free bets) should jź¦ust one leg of your parlay fail š³to hit.
Not all bookmakers are so kind, however, are this promotion is certainly harder to ź¦find than most.
Existing Customer Betting Offers
While new customer offers are key to attracting potential newcomers, existing customer offers are imperative to retaining their interestš ·.
These promotions can vary from some that weāve already noted, such as boosted bets and enhanced parlays, to exclusive VIP/loyalty reź¦«ward schemes in which high rollers can earn an incredible list of prizes.
Special Events Promotions
Gambling revenue streaāms peak in the US in February mainlyš² 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 š“that New Jersź¦ey bettors make on a variety of sports.
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Moneyline Bets: This is as simple as it gets. If you make a moneyline bet, youāre betting on that team to win the contest. So, if you place a moneyline bį£et on the New York Giants to beat the Dallas Cowboys, the Giants must win the contest for your bet to be successful. Your bet loses if the Cowboys win, or if they tie.
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Points Spread: Because of the lack of value typically associated with moneyline betting, punters will often turn to spread betting. The point spread is the number of points that a team must win by for the bet to pay out. The favorite will have a ā-ā next to their points spread, while the underdog will have a ā+ā. For example, letās say the spread is: New York Jets (-2) @ New England Patriots (+2). This means that, if you backed the Jets, they must win by more than two points for your bet to be successful.
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Over/Under Betting: If you donāt fancy betting on the outcome of a game, over/under (totals) betting is a popular alternative. With this bet, youāre betting on how many points will be scored in a game. The bookmaker will set a line, and you have to choose whether more or less points will be scored than that line. For examplš¹e, the bookie might set the line for NFL match-up between the Jets and Patriots at 3š·9.5. This means that 40 or more points will have to be scored for the over bet to win. Anything less, and the under wins.
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Parlays: Parlay bets have us all dreaming of a vacation to Cancun. Known to Brits as āaccumulatorsā or āaccasā, these are large bets which rely on multiple bets ā called ālegsāš¦ ā winning. So,š½ even if you have a mammoth eight-leg parlay and only one ālegā lets you down, your bet will still unfortunately lose. While parlays are very challenging to pull off, the low-stakes-high reward-nature of such wagers makes them incredibly popular.
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Prop Bets: A proposition ā more commonly known as āpropā ā bet is another bet type that doesnāt focus on the outcome of a sporting event. The most common type of prop bet involves players. For example, you might want to bet on how many yards Patrick Mahomes will throw, or how many points Steph Curry will score in a particular game. Meawhile, game props requirāe you to wager on something specific to happen in the game. For instance, you might back a particular team to score over šøa certain number of field goals in the first half.
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Futures Bets: Futures bets refer to wagers placed on events or outcomes that will occur in the distant future. Typically placed on long-term events, examples of such wagers include championship winners, season-long performances, or awards in sports. With this market, you could place an early bet on the Super Bowl winner, League MVP, and the total number of wins a team achieves in the regular season. You can also bet on seasonal stats, like how many yards Russell Wilson will throw in the regš ular season, or how many yards Derrick Henry will rush for.
Where To Bet on Local New Jersey Teams
The most prominent New Jersey sports teams include the Neāw 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 stateās proximity to New York, teams based in the Big Apple also enjoy considerable support.
Franchise | Sport | Founded | Odds |
---|---|---|---|
New York Yankees | Baseball | 1901 | Win World Series +850 |
New York Giants | Football | 1925 | Win Super Bowl LVIII +4500 |
New York Rangers | Ice Hockey | 1926 | Win Stanley Cup +1300 |
New York Knicks | Basketball | 1946 | Win NBA Finals +8000 |
New York Jets | Football | 1959 | Win Super Bowl LVIII +1500 |
New York Mets | Baseball | 1962 | Win World Series +900 |
Brooklyn Nets | Basketball | 1967 | Win NBA Finals +35000 |
New York Islanders | Ice Hockey | 1972 | Win Stanley Cup +8000 |
New Jersey Devils | Ice Hockey | 1974 | Win Stanley Cup +1200 |
Buffalo Bills | Football | 1959 | Win Super Bowl LVIII +900 |
Buffalo Sabres | Ice Hockey | 1970 | Win Stanley Cup +50000 |
New York Red Bulls | Soccer | 1994 | Win MLS Cup +1800 |
New York City FC | Soccer | 2013 | Win MLS Cup +1200 |
New York Liberty | Basketball | 1997 | Win WNBA +125 |
NJ/NY Gotham FC | Soccer | 2006 | Win NWSL +1800 |
Important Sports Events in New Jersey 2024
Hereās our pick ošf sporting events in 2024 that š¶are sure to strike the interest of New Jersey sites.
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8th September ā Regular NFL season starts
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16th September ā NY City FC vs NY Red Bulls (MLS)
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Mid-October ā Regular NBA season starts
While current New Jersey betting laws are špretty 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 New Jersešy college team competes in ā no matter where it takes place. All high school events are described by the state as āprohibitedā, as well as any electric sports or competitive video games event in which the majority of the competitors are under 18.
New Jersey Sports Betting Timeline
Hereās a history ofź¦ sports betting in Neź¦w Jersey:
1830s ā āFreehold Raceway, the oldeāst racetrack in the US, opens.
1870 ā The first thoroughbred racetrack, Monmouth Park, openšs in Eatontown.
1894 ā All gambling is deemed illegal.
1939 ā Racetrack gambling is officially re-legalized.
1992 ā The Professional and Amateur Sports Protection Act outlaws sports bettiš®ng across the US.
2009 ā PASPA is formally challenged by the state.
2012 ā State legislature enacts the Sport Wagering Act which allows sports wagering at casinos and racetracks. The lawās contradiction to the 1992 PASPA brings about a lengthy legāal battle, with several sporting govąµ²erning bodies arguing New Jerseyās new law violated PASPA.
2018 ā The Supreme Court takes the case and rules in favor of the state. New Jersey quickly moves to legalize sports gambšling.
States Where It Is Legal To Bet on Sports
Since 2018, states across tš³he US have been making individual decisions on the legalization of sports betting. Presently, New Jersey is 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 countāry, š·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
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1.
Wikipedia. (2023). Gź¦¦ambling in New Jersey. [online] Available at: //en.wikipedia.org/wiki/Gambling_in_New_šJersey#Sports_betting [Accessed 4 Apr. 2023].
New Jersey Sports Betting ā FAQs
Sports beš¹tting has been legalized in Neš w Jersey since 2018.
At šthe time of writing, there are 27 online sportsbooks in operation.
DraftKings, BetMGM, FanDuel, and Borgata Online are, in our eyes, the best sportsbooks available in New Jerš¼sey.
Not spšorts as such, but punters cannot place bets on any collegiate sport or athletic event that taką¦es place in New Jersey. Nor can they wager on any event a New Jersey college team competes in ā even if it takes place outside of the state.
As itās right on the doorstep of New York, both the Jets š ŗand the Giants are well suppšorted in the state. New Jersey also has the Devils and Islanders in the NHL.