New Jersey Sports Betting
Sports betting was made legal in NJ in 2018, and bettors have a wide variety of online sportsbooks to choose from. Nearly all NJ online sportsbooks offer promos, especially to first-time players. Some of these include first-time deposit offers, risk-free bets, and free bets. Other promos include odds boosts, parlay insurance, and loyalty programs.
Best New Jersey Sportsbook Promos
BetMGM NJ
BetMGM NJ offers new users a $1000 Risk-Free First Bet. Aside from that, the latest BetMGM casino deposit bonus offers players a 100% deposit match bonus of up to $1500. Users also receive a $50 FREEPLAY casino bonus.
FanDuel NJ
The FanDuel sportsbook offers a ‘No Sweat Bet’ up to $1000. Using this offer, you will make the first bet, and if you lose, you will get that amount back in the form of a free bet. You will be given two weeks to use the free bets, which have a rollover of 1x. In addition, the sportsbook offers insurance for both single-sport and multi-sport parlays. Further, players can enjoy bonuses for home run prop bets.
PointsBet NJ
PointsBet sportsbook NJ offers new players four Second Chance Free Bets up to $200 each. The sportsbook also offers parlay boosts and a cash-out feature, where wagers are settled before the game ends. You can simply place a wager of up to $100 on your first day, and PointsBet will cover you with a free bet equal to your stake if you lose.
DraftKings NJ
This sportsbook offers a two-part welcome bonus, including a $50 free bet and a deposit of up to $1000. The $50 becomes active immediately after you sign up using the sportsbook’s link. Your first deposit should be at least $5. The wagering requirement is that you will receive $1 in site credit for every $25 you wager.
Bet365 NJ
This sportsbook allows you to wager $1 on any sport and automatically receive $200 in free bets. To claim this welcome bonus, you must deposit at least $10 and place a qualifying wager of $1 with odds of -5000 or more. Once the bet is settled, you will receive $200 in free bets even if you don’t win the bet. Any free bets must be used within 30 days after they’re received.
BetRivers
When you register for an account with BetRivers for the first time, you will be able to claim a 2nd chance bet of up to $500. You will simply need to wager up to $500 on any sport, and the sportsbook will fill your account with a 100% refund in the form of free bets within a day.
Top Sportsbooks in NJ
PointsBet NJ - this sportsbook is the only betting site that offers a high-risk, high-reward format, which allows bettors to win more or less than their initial deposit amount. This depends on how wrong or right the wager is.
FanDuel NJ - this sportsbook is the best for beginners as it is easy to use and navigate. The sportsbook offers multiple in-play wagering options and varying offers, such as goal bonuses and parlays insurance.
DraftKings NJ - this sportsbook is the most popular in NJ due to its speed, design, and attractive offers. The sportsbook offers numerous betting options.
BetMGM NJ - this sportsbook offers an early cash-out option, which allows you to settle your bets before the game ends. This also applies to odds boosts and overtime insurance.
Fox Bet NJ - this is the best sportsbook if you want to transfer money between sports betting and poker.
Golden Nugget - this sportsbook offers multiple betting opportunities, including spring training lines. In addition, the sportsbook explains how to use each method of withdrawal and estimates the time it will take for you to collect your winnings.
Caesars NJ - this sportsbook offers a great in-play betting feature that allows you to explore different ongoing games.
Borgata Sports NJ - this sportsbook offers good live betting on all popular sports such as baseball, football, basketball, golf, ice hockey and tennis.
Bet365 NJ - this sportsbook offers the best odds as they’re competitive and always available on the list section.
How to Redeem NJ Sportsbook Promotions?
Redeeming NJ sportsbook promotions is very easy. First, you must register an account with any of the above sportsbooks. Since there are multiple bonus offers provided, you can choose the one that suits you most.
How Do We Rate NJ Sportsbook Bonuses?
To rate NJ sportsbook bonuses, you must consider how easy it is for users to navigate through the app. The top sports betting sites are also designed to be player-friendly, allowing bettors to quickly find sports and games they want to bet on. Further, the best NJ sportsbooks are those that provide a smooth and intuitive mobile experience. Great customer service is also used to determine the best sportsbook promotions in NJ.
Pros and Cons of Betting Online in New Jersey
Pros
You will enjoy a different level of entertainment because of the simple access to more games, casino bonuses, and rewards.
You won’t need to dress up and drive to physical casinos because you can bet online in any location at any time of the day.
Betting online allows you to wager any amount you have, even $10.
You can enjoy more privacy and security because you will not need to meet people.
Cons
There are betting sites that are after your money and not your gambling experience.
You will not interact with people before making your gambling decision.
When depositing money into your bank account to place a bet, transaction fees will be deducted.
You might not be able to cash in your winnings immediately after you win.
NJ Sports Betting Laws
Each of the casinos and racetracks in the state can have up to three operational online skins.
Casinos and racetracks can buy licenses at $100,000.
Internet gambling licenses cost $400,000 plus an extra $250,000 for responsible gaming costs.
Casinos are required to pay 8.5% in taxes for land-based bets and 13% for electronic bets.
Racetracks have to pay an additional 1.25% for bets placed online.
NJ Sports Betting Taxes
The withholding rate for federal taxes in New Jersey is 3%. This tax rate applies whether you live in New Jersey or not, as long as you made winnings in NJ. The New Jersey Lottery also pays withholding rates, including:
5% for payouts between $10,000 and $500,000.
Lottery payouts of over $500,000 have a withholding rate of 8%.
NJ Sportsbook Promos FAQs
What is the best NJ Sportsbook promo available?
The best New Jersey sportsbook promos are from Caesars. The Caesars Sportsbook NJ promo gives you a refund of up to $1250 for the first bet. You also receive 2000 credits.
How old do you have to be to bet on sports in NJ?
To bet on sports legally, you must be 21 years or older.
Do you have to live in New Jersey to bet online?
Yes, you must be located within New Jersey state lines to be able to place a bet. The sites use user location together with geolocation software to verify your location.
What sports can be bet on in New Jersey?
Football: NFL, CFL, NCAA.
Soccer: MLS, English Championship League, EPL.
Hockey: NHL.
Basketball: NBA, WNBA, NCAA, EuroLeague.
Golf: PGA Tour, LPGA Tour.
Tennis: ATP, WTA.
Auto Racing: NASCAR, Formula 1.
Boxing.
Mixed Martial Arts: UFC.
Academy Awards.
Baseball: MLB.
What sports are illegal to bet on in NJ?
Casinos and racetracks are prohibited from accepting bets on college events played in the state or out-of-state games that involve New Jersey, college teams.
How many bonuses can be claimed?
You can claim bonuses from the 19 legal sportsbooks in NJ.
When did sports betting become legal in NJ?
Governor Chris Christie signed a law to allow sports betting in NJ in January 2012.
