Sports betting has become an increasingly popular pastime in New Jersey since its legalization in 2018. Thanks to modern technology and the growth of online platforms, sports fans who enjoy betting can now experience the thrill of placing wagers on their preferred teams from their homes.
In this article, we explore the landscape of NJ sports betting in 2023, including the latest trends, legislation, and opportunities for online sports bettors.
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Bonus up to:
$1000
Welcome Package
* New customers only. 100% deposit match up to $1000 on signup
*New players only. We will match your first deposit by 100% up to $1000.
Bonus up to:
$1000
Welcome Package
* New customers only. 100% deposit match up to $1000 on signup + 100 free spins
Upon signing up, you can receive up to $1000 in bonus funds plus 100 free spins.
Bonus up to:
$1000
Welcome Package
* New customers only. 200% match up to $1000 on first deposit
You Get a 100% match up to $500 on your first deposit or 200% match up to $1000 on first deposit
Bonus up to:
$500
Welcome Package
* New customers only. 100% deposit match up to $500 on signup
*New players only. We will match your first deposit by 100% up to $500.
Types of Sports Betting Bonuses
In 2023, online sportsbooks will offer bonuses and promotions to attract new customers. These bonuses range from cashback offers and free bets to loyalty programs and welcome bonuses. Look at the most popular sports betting bonuses available in New Jersey:
- Welcome Bonuses: Welcome bonuses are offered to new customers signing up for an online sportsbook. These can come as a deposit match bonus or a free bet offer.
- Loyalty Programs: Loyalty programs are designed to reward players for their continued patronage. Most sportsbooks in New Jersey offer points or rewards when you place bets, which can be redeemed for merchandise or cash bonuses.
- Cashback Offers: Cashback offers are offered as a percentage of net losses incurred by players. This bonus is intended to assist players in recovering some of their losses.
- Free Bets: Many sportsbooks in New Jersey offer free bets to incentivize customers to place more bets. These offers can come as a one-time bonus or an ongoing promotion.
How do Sportsbook Bonuses work?
Sportsbook bonuses are designed to incentivize customers to place bets. These offers are usually tied to specific games or events and may require players to meet certain playthrough requirements before redeeming the bonus. Most bonuses have terms and conditions, so reading the fine print is essential before claiming any offer.
Terms and Conditions of Sports Betting NJ Online Bonuses
In New Jersey, sports betting bonuses have certain terms and conditions that players must fulfill to avail of the offer. These include:
- Wagering requirements: All sportsbook bonuses will have wagering requirements that players must meet before players can withdraw any winnings.
- Time limit: Most bonuses come with a time limit and must be used within a certain period before expiration.
- Minimum deposit: Players may need a minimum deposit to claim the bonus.
- Maximum winnings: Some bonuses may have a maximum amount of winnings that players can withdraw.
- Eligibility: Players must meet specific eligibility requirements for the bonus, such as age, location, or bankroll size.
- Restricted games: It’s important to read the terms and conditions to see which games are eligible to ensure your preferred games qualify for the bonus.
Sports Available to Bet on in New Jersey
Sports betting has become increasingly popular in New Jersey in recent years because a wider variety of sports and events are available for betting.
Sportsbooks in the state offer various sports to bet on, including professional and college football, basketball, baseball, hockey, soccer, tennis, golf, and more.
Bettors in the Garden State can also take advantage of live betting, parlays, futures, and prop bets.
NBA Betting
In New Jersey, the NBA is a highly favored sport for betting. Bettors can place bets on individual games, futures, and props. The most common bets include point spreads, money lines, and over/under totals.
For the more experienced bettors, there are also a variety of more advanced bets, such as parlays, teasers, and futures. Players can place bets on the game as it happens with the option of live betting.
MLB Betting
The Major League Baseball season is one of the most popular times for sports betting in New Jersey. Players can bet on individual games, futures, and props. Popular bets include money lines, run lines and over/under totals. Live betting is also available for MLB games.
NFL Betting
The NFL is one of the most popular sports to bet on in New Jersey. Bettors can place bets on individual games, futures, and props. Popular bets include point spreads, money lines, and over/under totals. Live betting is also available for NFL games.
Additionally, players can use parlay betting, which allows them to combine multiple bets into one wager.
NHL Betting
The NHL is another popular sport to bet on in New Jersey. Bettors can place bets on individual games, futures, and props. Popular bets include money lines, puck lines, and over/under totals. Live betting is also available for NHL games. Additionally, players can use proposition bets to wager on specific outcomes within a game.
NCAA Football Betting
The NCAA football season is another great time to bet on sports in New Jersey. Bettors can place bets on individual games, futures, and props. Popular bets include point spreads, money lines, and over/under totals. Live betting is also available for NCAA football games.
NCAA College Basketball Betting
The NCAA college basketball season is another popular time for betting in New Jersey. Bettors can place bets on individual games, futures, and props. Popular bets include point spreads, money lines, and over/under totals, and live betting is also available for NCAA college basketball games.
Top 5 Sports Betting Tips
It can be enjoyable and profitable if you want to try your luck at New Jersey sports betting online. However, it may seem challenging if you need to familiarize yourself with the process. To help you succeed, here are five tips to remember as a sports bettor.
- Research and Understand the Sport – Understanding the sport and teams you are betting on is essential. Research each team’s strengths and weaknesses, recent forms, injuries, and other factors that could affect the game’s outcome.
- Set a Budget and Stick to It – When you’re betting, it is essential to set a budget and stick to it. Don’t bet more money than you can afford to lose.
- Manage Your Bankroll – It is essential to manage your bankroll and spread it out over multiple bets. It’s wise to avoid putting all your bets on one team when gambling on professional sports.
- Shop Around for the Best Odds – Sportsbooks may offer different odds on the same bet. Shop around to find the best bet odds and maximize your winnings.
- Be Patient – Don’t rush into a bet. Take your time to analyze the odds and make sure it is a good bet before placing it. Being patient can help you become a successful sports bettor.
Sports Betting Procedure for New Players
To start betting, follow these steps:
- Choose a reputable online sportsbook (i.e., DraftKings, FanDuel).
- Register and create an account with the sportsbook you chose.
- Deposit funds into your account.
- Select the type of bet you want to make.
- Choose an online sport and game to bet on.
- Research the teams or players involved in the selected game.
- Choose the odds and amount to bet on.
- Place your bet.
- Monitor the results of your bets and adjust accordingly.
Once you have become comfortable with the betting procedure, it is essential to understand some of the common terminology used in sports betting NJ online.
Standard terms include point spread, money line, over/under the total, parlay bet, and prop bet. Knowing these terms will help you become a more knowledgeable sports bettor.
How NJ Online Sportsbooks Work?
The NJ Division of Gaming Enforcement (NJDGE) regulates online sportsbooks in New Jersey. It ensures that all New Jersey sports betting online sites are safe and secure. To bet on sports online, you must register for an account with a licensed NJ sportsbook such as FanDuel or DraftKings.
Once registered, you must deposit into your account. Then you can begin placing bets on various sports and games. You can place bets on different sports and betting markets, including the NFL, NBA, MLB, NCAA, and NHL. You can also bet on international sports such as soccer and tennis.
After placing your bets, you can easily keep track of the results. In case you win, you will receive the winnings in your account, and you can withdraw them whenever you want.
NJ Betting Restrictions
It is important to remember that betting restrictions exist in New Jersey. You must be 21 or older to place a sports bet and be physically in New Jersey. Additionally, only wagers on sporting events are allowed. You cannot bet on politics or any other non-sports event.
Finally, only certain types of bets are allowed in the state. These include point spread, money line, parlay bet, and prop bet. You cannot place a wager on any other type of bet.
Why New Jersey Sports Betting Online
New Jersey sports betting online offers many advantages over traditional land-based online gambling. NJ online sportsbooks are regulated by the NJ Division of Gaming Enforcement, ensuring all players’ safety and security.
Additionally, you can place bets on various sports and betting markets from your home. You also have access to better odds and more betting options.
Finally, online sportsbooks offer additional bonuses and rewards unavailable in land-based casinos. All of these factors make sports betting NJ online an attractive option for all kinds of sports bettors.
What are the best New Jersey sports betting sites?
The best New Jersey sports betting sites are FanDuel, DraftKings, and 888Sport. These sites offer competitive odds and a wide selection of sports betting markets.
What about the NJ sports betting app?
The NJ sports betting app is available on iOS and Android devices. The NJ sports betting app can access your account, make deposits, and place bets. Additionally, the app offers bonus bets and rewards unavailable on the desktop.
What is the tax revenue generated from sports betting NJ online?
According to the NJ Division of Gaming Enforcement, the total tax revenue collected from NJ sports betting in 2020 was $20.4 million. In 2023, this is expected to increase to $25.6 million.
Are sports betting legal in New Jersey?
Yes, sports betting is legal in New Jersey. The NJ Division of Gaming Enforcement must license and regulate all online and land-based NJ online sportsbooks.
What betting sites are legal in NJ?
NJ's Popular legal sports betting sites include FanDuel, DraftKings, and 888Sport. These sites are licensed and regulated by the NJ Division of Gaming Enforcement.
