New Jersey Sports Betting Regulations

The No. 1 contender to New Jersey’s online sports betting dominance finally appears ready to enter the game.

New Jersey became the first state in the USA to license sports betting in 2018, when they successfully overthrew the professional and Amateur Sports Protection Act, which was the legislation which outlawed sports betting across the country. New Jersey was at the forefront of a fight to legalise sports betting in the USA. May 01, 2019 One of the peculiarities of New Jersey’s sports betting law is that, while you can bet on most college games, two types of games are off-limits: those that take place in the state, and those that involve teams based in the state. So you can’t bet on Rutgers football. You can’t bet on Seton Hall basketball. Sports betting in New Jersey is regulated by the state’s Division of Gaming Enforcement (DGE). With that, New Jersey has regulations that may differ from other states. For instance, the state prohibits wagering on collegiate sporting events that take place in New Jersey or involve a New Jersey college or university team. The New Jersey Department of Gaming Enforcement (DGE) on Wednesday issued its “ emergency regulations,” which will govern NJ sports betting for up to 270 days. That nine-month span is in compliance with Assembly Bill 4111, which cleared both legislative chambers on June 7 and was signed into law on Monday by Governor Phil Murphy. States can legalize sports betting if they choose after the US Supreme Court struck down the federal ban on single-game wagering in 2018. Interest in the legalization of sports betting was ramping up in the US in recent years, even prior to that decision. 2021 sports betting bills. There are now a variety of bills on file around the country and even some new laws on the books.

After dismissing the idea for the better part of two years, New York Gov. Andrew Cuomo announced his support of online sports gambling last week. It was one of several policies included in the governor’s annual budget presentation as a way to make up state revenue shortfalls from the coronavirus pandemic.

“New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting we aim to keep millions of dollars in tax revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis,” Cuomo said in a statement to the Daily News.

The governor does not have to look very far for a successful online sports gambling market to convince lawmakers in Albany that taxing legal wagers would help replenish state coffers.

New Jersey will exceed $5 billion in total online sports wagers for 2020, generating more than $40 million in taxes for the state in the calendar year.

December numbers will be released on Jan. 13.

Will New York overtake the online sports betting leader?

Most industry analysts believe that the Empire State’s online sports betting market will surpass New Jersey’s.

“Gov. Cuomo’s embrace of mobile sports betting immediately positions New York to soon lead all other states and generate significant revenue for state coffers,” Sara Slane, an industry consultant and former official with the American Gaming Association, told the Associated Press. “New York, with a population of nearly 20 million, dwarfs any other state with legal betting and should have no problem regularly topping $1 billion a month in wagers.”

The Garden State was an early adopter of online sports betting and quickly became a standard-bearer.

Jane Bokunewicz, coordinator of the Lloyd D. Levenson Institute of Gaming, Hospitality & Tourism at Stockton University, said, “it was inevitable that other states would follow, especially after seeing New Jersey’s success.” New Jersey was aware that competition would eventually arrive.

“As the market for sports betting continues to develop and expand both within New Jersey and in neighboring states, New Jersey could lose ground in terms of market share, but it will be far from out of the race,” she said. “Sports betting will continue to contribute significant tax revenue to the state even if not at the same levels we’ve been seeing given both New Jersey’s near-monopoly on East Coast online sports wagering and the pandemic.”

Business has been good for NJ

New Jersey lawmakers included online tax rates when they legalized and regulated sports betting in the spring of 2018. The first online operator, DraftKings Sportsbook, started taking wagers that August and eight others followed suit by the end of the year.

New Jersey collected just under $7 million from a 13% tax applied to online sports betting revenue in 2018. Almost 63% of the total sports wagering handle that year was from online action.

In 2019, 84% of the nearly $4.6 billion statewide handle were bets placed via NJ sports betting apps. New Jersey collected more than $31.8 million in taxes from online sports betting revenue.

With Atlantic City casinos and New Jersey’s racetracks closed for part of 2020, taxes from iGaming and online sports betting helped to offset losses. New Jersey collected $39.2 million (through November) from online sports betting. Nearly 92% of the state’s $5 billion sports handle was from online wagers.

Ironing out NY sports betting details

Even as impressive as New Jersey’s tax collections from online sports betting are, Cuomo sees larger numbers for his state. Rather than allow casino operators to conduct online sports betting, Cuomo wants a monopoly operator to run the show and share revenue with the state.

“And I’m not here to make casinos a lot of money. I’m here to raise funds for the state. So we have a different model for sports betting,” he said.

New York state lawmakers, however, do not agree with the governor’s approach. A bill introduced Thursday would allow four commercial casinos and three tribal operators to license two skins each. The bill proposes a tax rate of 12% for online sports betting revenue.

New Jersey Sports Betting Regulations 2020

A financial summary of the bill estimates $79 million annually for the state. Cuomo’s budget director suggested that a single-operator system could generate $500 million per year.

Tax collections could drop

Should New York launch an online sports betting market, the state of New Jersey would see tax collections drop.

A sizable percentage of the online sports betting market includes New York residents who are currently crossing state borders to bet in New Jersey. A representative for FanDuel Sportsbook (New Jersey’s most profitable sports betting operator) estimated that 25% of online customers hail from New York. The state’s second-largest operator, DraftKings Sportsbook, did not provide a figure, but it would be reasonable to assume the percentage is comparable.

“The pent-up demand for legal sports betting in New York, and throughout the east coast, has led many New Yorkers to cross state lines for the purpose of wagering with New Jersey sportsbooks. The (FanDuel) sportsbook at the Meadowlands (Racetrack) has perhaps benefitted most from this phenomenon,” Bokunewicz said, before noting that one retail location grosses more than the eight Atlantic City casino sportsbooks combined. “This is an indication of the strength of the New York market.”

Because states such as New Jersey and Pennsylvania have already set up successful regulatory models, New York’s rollout of an online market should happen fairly quickly, she said. But, even with an aggressive launch by New York, the impact to New Jersey may not be immediate.

“Consumers have developed a relationship with New Jersey sportsbooks and may need at least a little persuasion to change over to New York-based books,” Bokunewicz said. “This transition period may be shortened of course by those operators, such as market leaders DraftKings and FanDuel, which will likely operate in both states. These operators could make the transition between states virtually seamless for their established customer base.”

Good news sports fans – NJ sports betting is up and running after the state was cleared to bet on sports!

Ever since the legalization of sports betting in New Jersey, casinos have been expanding their sportsbooks, while all-new sportsbooks have been popping up left, right and center. That’s a lot of sportsbooks.

The good news for you is that – as an experienced sports bettor myself – I’ve already taken the time to check them all out to deliver you an in-depth guide that will help you make a better decision regarding which sites to sign up to. DraftKings is my personal favorite that does absolutely nothing wrong, but it’s important that you weigh up the pros and cons.

In this article, I’m going to take a look at the top 5 NJ sports betting sites and their bonuses. I’ll also explain how sports betting in New Jersey works, how to bet on sports, and I’ll answer the most popular questions about NJ sports betting.

Online Sports Betting In New Jersey

How Online Sports Betting Works In New Jersey

NJ Sports Betting Launch

NJ sports betting was banned way back in 1992. It was finally legalized again in June 2018 after the first positive talks took place back in 2012. The following month (July 2018), there were 8 mobile apps available in the Garden State, as well as a pair of racetracks and several Atlantic City casinos.

By 2019, there were nine online casinos in New Jersey. Combined, they made over $3,000,000,000 in gambling revenue and continue to be regulated by the New Jersey Division of Gaming Enforcement and the New Jersey Casino Control Commission.

How To Bet On Sports?

Betting on sports is as easy as 1,2,3 once you know how.

The first thing you need to do is take a look at our list of sites at the top of this article and decide which one appeals to you. Then, create an account, make your first deposit, and grab the welcome bonus.

You’re then free to take a look at the sporting events and markets to see what catches your eye. If there’s a bet you like the look of, see what the odds are like. If there’s value to be had, it’s time to place your bet.

This is really simple. Just pick a stake (how much money you want to wager) and place the wager.

New Jersey Sports Betting Regulations Usa

Don’t forget, you can also place an in-play bet, too, which is when you stake money on a sporting event that is currently happening. Some sites also let you cash out early as well.

Which New Jersey Casinos Have Sportsbooks?

BetStars

BetStars was created as an offshoot of PokerStars, which is an online casino available to New Jersey bettors.

BetStars uses a slightly different interface to PokerStars but, because it’s run by the same Stars Group company, you’re guaranteed a very high-class experience.

There are plenty of banking options to choose from, including eCheck and PayNearMe, while all the major sports are included in the sportsbook (soccer, NFL, NHL, MLB, and NBA). You’ll also find a few more “niche” offerings here too, including cycling and tennis.

In-play is available, as is cashout, while the StarGroup lets you use a shared wallet across its casino and sportsbook. This is a huge benefit because it saves you from having to keep transferring money across.

Caesars

Caesars is not to be confused with Caesars Palace. Caesars is an entirely independent online casino available to New Jersey bettors that were one of the most recent to add a sportsbook. It now offers casino, poker, and sports betting opportunities, and all three are clearly labeled at the top of the homepage. With just one click of a button, you can flip between them.

It’s really cool that Caesars decided to add a sportsbook to both the desktop version of their site and their app. The lobby is easy to navigate and includes a whole host of sports, although most of the markets are reserved for the most popular ones – NBA, NFL, and MLB.

Props, teasers, futures, point spreads, and money lines are all available, but one thing that will disappoint some of you is that there are no cash-out or in-play features as of yet.

SugarHouse

The actual real-life SugarHouse casino is actually based in Philly, but the digital version calls the Garden State its home. It was one of the first online casinos in NJ to add a sportsbook to its app (which already featured almost 500 table games), and this is now one sweet, all-rounder of gambling experience.

With as many as 10 banking options available (although only four of them are withdrawal options), SugarHouse is the real deal. A jackpot parlay is among the numerous betting options, the lobby (which always looks busy) is very user friendly, and while there are lots of ads, cashout and in-play betting are available.

New Jersey Online Sports Betting Partnerships

New Jersey Sports Betting

An NJ sports betting site isn’t legal until it partners up with licensed operators in NJ.

New Jersey Sports Betting Regulations Odds

Here are the partnerships currently in operation:

• DraftKings Sportsbook and Resorts Casino
• PointsBet and MeadowLands
• William Hill and Monmouth Park
• FanDuel Sportsbook and MeadowLands
• SugarHouse Sportsbook and Monmouth Park
• FOX Bet and Resorts Casino
• 888 Sport and Caesars Casino
• Borgata Sports and Borgata Casino
• Caesars Sports and Caesars Casino
• PlayMGM and Borgata Casino
• BetAmerica and Golden Nugget Casino
• Golden Nugget Sports and Golden Nugget Casino
• Hard Rock and Hard Rock Casino
• Resorts Sportsbook and Resorts Casino

What Can You Bet On Right Now In New Jersey?

Betting sites offer a variety of sports for you to bet on. But the exact sports that are available depend entirely on which site you sign up to. All the top online sportsbooks offer markets for the most popular sports, but some sportsbooks have more niche offerings than others.

Here are the sports you can stake money on right now in New Jersey:

• Baseball
• Basketball
• Boxing
• College basketball
• College football
• Football
• Hockey
• Ice hockey
• Soccer
• Golf
• Auto Racing
• Boxing/MMA
• Tennis
• Horse racing
• Cycling
• Darts
• Wrestling
• Handball
• Volleyball
• Cricket

Some sites also let you bet on reality TV shows and other entertainment, as well as politics. One or two sites offer markets for pinball, too, though this is much rarer.

What Bets Are Available At New Jersey Sportsbooks?

There are many different types of bets you can place at New Jersey sportsbook’s. All the top sites let you place a money line bet, which is the most popular type of bet. All you have to do is pick a sporting event and choose a team or player to win. That’s all there is to it!

The straight bet is the second most popular bet. It’s similar to the money line bet in that you bet on either the favorite or the underdog to win. However, the crucial difference is that the game carries a point spread.

For example, let’s say the Bears are playing the Packers, and that the Bears are 3- point favorites over the Packers. You need to bet the Bears via the odds, and they must win by 3 points or more for you to clinch the bet.

Total line bets are also available at New Jersey online sportsbooks. For this one, the sports betting site will take a look at a game and set a number for the total points accumulated by both teams jointly.

For example, let’s imagine the Raptors are playing the Warriors in the NBA. The sportsbook sets the total number of points at the end of the game to be 195. You as the bettor must then decide whether you think the total number of points accrued by both teams will be over or under that number.

Parlay bets are available at all NJ sportsbooks as well. This is a really fun bet where you bunch together 2 or more picks into the same wager. For example, you might bet on the Raptors, the Bucks and the Lakers all to win tonight. Each time you add a pick, the odds are adjusted. The more picks you have, the bigger your payout will be. If just one pick loses, the whole wager is a loss.

Taking Advantages of Bonuses and Rewards

All NJ betting sites offer bonuses and rewards. But what do these look like?

• No deposit bonus – DraftKing is an example of a betting site that offers a no deposit welcome bonus. When you first create your account, they top your account up with $25. This is a risk-free wager that usually comes with a few terms and conditions (for example, you can only use it on certain sports).
• Matched first deposit bonus – When you make an initial deposit at a sportsbook, some sites will guarantee to match your deposit with a bonus. For example, if you deposit $50 straight off the bat, they’ll give you another $50. There’s usually a limit to the size of the matched deposit, but some sites offer as much to match first deposits as big as $1,000.
• Promotions – NJ sports betting sites offer numerous, ongoing promotions that are designed to increase the fun factor! However, each site runs its own promos, so if you’re a big fan of free spins, free bets, enhanced lines, and vine overtime insurance, it’s worth checking out the promotions that a specific site offers before signing up
• VIP programs – The more often you play at a sportsbook, the more you’ll get treated like a VIP. In other words, the sportsbooks like to reward loyal players by offering them points. It works like this: Each time you place a bet, you’ll accrue X amount of points. The bigger your stake, the more points you’ll get. Eventually, you can redeem the points for a free bet

New Jersey Sports Betting Laws

From 2018 onwards, when sports betting was legalized in New Jersey, casinos and racetracks are allowed to offer sports betting to anyone who’s aged 21 or over.

However, this doesn’t mean that you can place a bet on any site you want. As a New Jersey resident, you can only wager at sports betting sites that are legal in NJ. These include the ones we mentioned in our top 5 earlier in this article.

New Jersey Sports Betting FAQ

Is Sports Betting Legal In New Jersey?

Yes, it’s been legal since June 2018.

Where Can NJ Residents Start Placing Bets?

You can go to a brick and mortar casino or racetrack and place bets, or you can sign up to an online casino and/or sportsbook. The only condition is that the online casino or sportsbook must be legal in New Jersey.

How Old Do You Have To Be To Legally Bet In New Jersey?

21.

Is It Legal To Bet On Sports Teams?

It is if you’re betting with a fully-licensed casino or sportsbook, such as SugarHouse.

Do I Have To Live In New Jersey To Bet Online?

You don’t have to live in NJ to place a wager at a sportsbook that’s legal in New Jersey, but you do have to be there at the time.

Is Mobile Sports Betting Available In New Jersey?

Yes. Most of the top sites have mobile clients. Because mobile sports betting is becoming more popular than ever, you can expect the mobile experience to get better as the months pass.

Conclusion

NJ sports betting is 100% legal – and 100% a lot of fun. The next step is to choose a site you like the look of (I recommend DraftKings for its welcome bonus) before creating an account. Then, read through our “how to bet on sports” section again – and start placing your bets!