Here’s a quick review of your options when it comes to NJ sports betting. We’ll start with an overview of sports betting, analyze the ins and outs of different types of bets, and leave you with a list of New Jersey’s top sportsbooks. Let’s dig into the good stuff, shall we?
Best NJ Sports Betting Sites 2024
Top NJ Sports Betting Sites
Casino
Rating
Bonus
Key Features
Link
1
5
Numerous payment options
Apps for Android and iOS
Fast payouts
T&C apply.
2
4.9
Great daily odds boosts
Fast payouts
Extensive sports offerings
T&C apply.
3
4.7
Apps for Android and iOS
Extensive sports offerings
Fast payouts
T&C apply.
4
4.7
Apps for Android and iOS
User-friendly interface
Numerous payment options
T&C apply.
5
4.3
Unique “points betting” wagers
Extensive sports offerings
Numerous payment options
21+ Only. T&C apply.
6
4.2
Numerous payment options
20 bingo games per day
Apps for Android and iOS
T&C apply.
7
4.1
Apps for Android and iOS
Numerous payment options
User-friendly interface
21+ Only, located in PA, minimum $10 deposit. Full T&C apply.
8
3.9
User-friendly interface
Extensive sports offerings
Live streaming content
Bet Credits risk excluded from returns. T&Cs, time limits and exclusions apply
Affiliate Disclosure
We believe that every online player deserves a safe and secure sports betting environment, and that is exactly what we aim to provide here at NJ Gaming Society.com. We create unbiased and honest reviews of UK’s best betting sites so that you can easily find the top names in the industry. With no external interference, our ratings and reviews are made independently by our team of expert reviewers and gamblers. Additionally, all of the operators on our site are licenced and regulated by the UK Gambling Commission so they can be trusted that they offer a fair and safe platform. We accept compensation from the operators that advertise on our pages which may affect their positioning. Also, we regularly update this list in order to bring you the newest and best betting sites, however, we cannot review every operator on the market.
How We Evaluate Betting Sites
What is the most important factor when it comes to deciding which is the best sports betting site? Out of all NJ sports betting apps and sites, which are the best for you?
Making that decision can be time-consuming and difficult, so we have made a list of the key factors that you should take into account when evaluating potential gambling sites in the Garden State. Follow these easy steps and we guarantee you will find your perfect fit.
User Experience
User experience is the first factor when it comes to choosing the best sports betting site. The phrase is widely used but seldom explained. In a nutshell, it is a rating of whether the site is any fun. When it comes to sports betting, New Jersey residents are like gamblers everywhere. They want to have a good time and maybe make a little money.
When we evaluate a website, we go beyond the ads and splashy promotional images. Although the overall look and feel of the site are important, we think it’s important to dig deeper. Are betting screens clear and well-organized? Do they give you all the info you need to place your bet, or must you keep slipping to another screen? Are there informative betting guides? Is the menu bar so complex you have trouble finding the page you want? All of these factors and many more contribute to user experience.
Questions to ask yourself: Is it a legal online sports betting site that’s licensed for New Jersey residents? Does the software run well on the devices and operating systems you prefer? Are there mobile apps? Can you view the site in a different language if you prefer?
Sports Variety
Even the best-designed online sportsbook is no good to you if it doesn’t support betting on your favorite sports. It’s just a pretty page of theoretical value at best. That’s why we say the catalog of leagues, events, and tournaments offered to bettors is of primary importance when distinguishing among New Jersey sportsbooks.
Luckily, you will find that most of the betting sites in New Jersey offer all the sports and leagues you’re looking for. They seem to have a goal of covering every imaginable sport.
Among the most popular offerings are American football, basketball, baseball, boxing, golf, soccer, auto racing, horse racing, mixed martial arts, tennis, table tennis, volleyball, hockey, bowling, cycling, darts, handball, lacrosse, rugby, sailing, rowing, and snooker – plus emerging support for esports. And that’s before we get to entertainment categories like competitive eating and the Academy Awards.
Although all the best betting sites offer a long list of sports to choose from, the New Jersey online sports betting site or app you choose must cover your favorite contests and tournaments. It’s worth double-checking.
And while you’re checking, take a look at the odds. Each site has its own way of setting the odds, and you’ll find different styles are compatible with different approaches to betting. If you like parlays and accumulator bets, you’ll want a site that rewards that kind of risk-taking. Maybe you prefer the adrenaline rush of betting on games in progress, so you prefer a site that streams races and matches. Check the options and choose wisely.
Bonuses
The number of NJ sports betting apps and websites is growing quickly. Sites are competing to attract new players, and one sure way of boosting growth is to offer a generous welcome bonus. These bonuses are great at getting players to give new betting sites a try.
Among the most common types of bonuses are first-time deposit matches, insurance, free bets, odds boosts, parlay insurance, and loyalty programs. Some last for a limited time while others usually change daily.
First-time deposit match: With this popular bonus scheme, the casino deposits bonus funds in your account after your first deposit. The casino may deposit as little as 20% of the amount you have deposited or as much as 200%. New Jersey sports betting providers may limit the kinds of bets you can make with bonus funds or require you to wager the bonus amount several times before the bonus and subsequent winnings can be withdrawn.
Insurance: Insurance – often advertised as “risk-free betting” – is often offered on your first bet up to some maximum amount. If you win your bet, you keep your stake and winnings. If you lose, the insurance bonus refunds the amount you wagered.
Free bets: Some online bookmakers reward new customers with tokens good for placing small free bets. You make the bets using tokens instead of the money you have deposited. Most NJ sportsbooks require you to satisfy certain wagering requirements before withdrawing any winnings.
Odds boosts: These promotions apply to selected games or matches. For example, if the Philadelphia Eagles are listed at 150+ odds against the Dallas Cowboys, you might be offered an opportunity to bet on the eagles at 200+.
Parlay insurance: This offer generally applies only to parlays of at least four selections. With the insurance promotion, your wager is refunded if all of your teams win except one. This promotion has become very popular even though teams that are considered favorites are usually excluded.
Loyalty programs: Virtually all NJ online sports betting sites offer some kind of rewards program for those who gamble often. These rewards are for the most loyal customers, the ones who bet regularly. Most programs have multiple tiers, with the most valuable rewards reserved for high rollers. You are generally enrolled in the loyalty program automatically, and it’s worth monitoring your balance because it can earn you cash rewards, hotel stays, travel discounts, and other benefits.
Most sites offer an array of short-term and permanent promotions in addition to the welcome bonus. Some feature a particular sport or tournament, and others kick in according to the month or season. Check the promotions page frequently – these ever-changing bonuses can be quite lucrative for NJ sports betting site members.
One of the most popular of these promotions is the reload bonus, which works a bit like a deposit match. The website adds a percentage – we’ve seen temporary reloads as high as 150% – when you deposit funds to your account.
Another is the referral bonus, in which you receive cash or other benefits if a friend or a family member becomes an active gambler at the site. These bonus amounts are usually dependent on the amount your friend deposits or gambles. At some of the top NJ betting sites, these bonuses can be redeemed multiple times.
Banking Options
Depositing a stake and withdrawing winnings are essential parts of the gambling experience. They are too often tedious, slow, expensive tasks that proceed according to the whim of uncooperative banks and other institutions.
Even the best sports betting sites can’t eliminate the pain of banking, but they are trying. There are lots of options, including bank cards, wire transfers, e-wallets, and – at an increasing number of sportsbooks – cryptocurrency transfers. In general, you’re better off at a site that offers a wide variety of banking options.
Legal betting sites usually offer more ways to make deposits than withdrawals. Among the most common offerings are PayNearMe, Play+ prepaid cards, credit cards, bank wire transfer or e-check, PayPal, Skrill, or even making a cash deposit at an Atlantic City casino cashier’s cage.
The most commonly offered withdrawal options are the casino cashier’s cage, casino-branded prepaid debit cards, PayPal, bank wire transfer, and e-checks.
Deposits can be credited to your account almost immediately, but withdrawals take approval and processing time of up to 10 business days.
When you’re participating in legal sports betting in NJ, your funds are protected by New Jersey state law and the rigorous rules of the Division of Gaming Enforcement.
Before you make a withdrawal, you will probably need to verify your identity by uploading a scanned copy of an up-to-date photo ID issued by a government agency – typically a driver’s license or passport. Some sportsbooks may require proof of address as well.
The goal of all licensed New Jersey sportsbooks is to make it as easy as possible to open and fund a sports betting account. Always make sure to review all of the available banking options when registering at an online sports betting site or downloading sportsbook apps in NJ.
Customer Support
The final aspect you should evaluate when choosing an online betting home: the quality and availability of customer-support options.
We favor sites with extensive tutorial material that explains how odds are set and demonstrates how to make complicated bets. If the FAQ also helps you solve geolocation problems or make a mobile app function well, so much the better.
Although we appreciate abundant educational resources, a full library of how-to material, and abundant FAQs, the simple fact is that every NJ sports betting customer is likely to need technical support sooner or later. That’s why we consider the gap between good and great customer support to be a determining factor when deciding which online sports betting site or mobile sports betting app to use.
The best customer-support team combines round-the-clock availability with swift response times, a friendly and helpful attitude, and accurate responses. Everyone wants queries resolved quickly and correctly. That’s why we give extra consideration to sites that offer 24/7 access to support agents via instant channels like live chat, telephone, and social media presence. Email-only support isn’t sufficient in the competitive NJ betting business environment.
When it’s time to choose your sports betting online home, be sure to evaluate customer support along with the site’s user experience, sports variety, bonuses and promotions, and banking options. Consider all of these factors and you will surely find your way to a site that offers you lots of fun and a good chance to make a little money.
New Jersey Online Sports Betting 2024
- DraftKings Sportsbook – 20% deposit match up to $1,000
- FanDuel Sportsbook – $1,000 insurance on your first bet
- Fox Bet Sportsbook – $500 insurance on your first bet
- BetMGM Sportsbook – 100% deposit match up to $1,000 & $10 free bet + $25 FREEPLAY
- PointsBet Sportsbook – $500 insurance on first fixed-odds bet
- SugarHouse Sportsbook – 100% match up to $250
- Unibet Sportsbook – $40 Free Bets $500 Bet Insurance
- Bet365 Sportsbook – 100% Match Up To $500
New Jersey Sports Betting in a Nutshell
New Jersey is America’s capital of online gambling – particularly sports betting. It is the first state in the United States to legalize online gambling in all its forms. From online poker and internet casinos to sports betting, New Jersey has it all. Online sports betting in NJ hasn’t been around as long as poker rooms or online casinos, but it is quite popular and well-established in the Garden State.
Sports betting has been legal and licensed in New Jersey since 2018, but its roots stretch way back. In 2011, the state held a sports-betting referendum that allowed citizens to voice their approval of sportsbooks. In 2012, the state legislature passed the Sports Wagering Act, which legalized betting on professional and collegiate sporting events at casinos and racetracks. However, adding out-of-state NFL, MLB, NHL, and NCAA games to sports betting in NJ was ruled a violation of 1992’s federal Professional and Amateur Sports Protection Act.
The battle for legalization continued – not just in New Jersey, but across the United States. The next few years saw appeal after appeal and hearing after hearing in Trenton. Finally, sports betting – including online wagering – was fully legalized in 2018 and a licensing authority was established. Since then, the number of sports betting websites has increased steadily.
Nowadays, the Garden State is number one when it comes to sports betting, whether we talk about sports betting online or brick-and-mortar sports betting at NJ locations.
Betting vs Gambling
You don’t need to spend much time online before you encounter people who object to the word “gambling” when it’s used in reference to sports betting. Most people consider sports betting and sports gambling the same, but a vocal minority hold a less popular opinion that sports betting is not gambling at all.
According to Mark Thomas, the technology entrepreneur who is the co-founder and CEO of Zen Sports, this point of view is based on the dictionary definition of gambling: trying your luck on an unknown outcome. Thomas observes that in sports betting – in NJ and elsewhere – the outcome is not entirely unknown. In fact, the probable winner and loser of each match are predictable, which is why bookmakers invented odds. The more you know about the horses in a race or the teams in a match, the more skill and less luck will be required to predict the winner. Sports betting is therefore based on knowledge and skill, as opposed to gambling, which is based on luck according to a strict reading of the dictionary.
No matter what your position on this controversy is, one indisputable fact remains: In NJ, online sports betting is extremely popular.
How Sports Betting Works in New Jersey
Online sports betting means placing bets through selected websites or apps. You can bet on sports, sporting events, and other events such as elections, the winners of televised talent shows, or the Academy Awards. At some sportsbooks, you can propose an event or contest to bet on. If the site accepts your suggestion, its statisticians will set the odds and begin taking bets on the outcome. In New Jersey, you can bet on practically anything.
All NJ sports betting sites and apps are licensed and regulated by the New Jersey Division of Gaming Enforcement, a government agency that inspects sites and protects residents’ rights.
Providers must pass a rigorous application process to acquire a license. And that’s not the end of it. Even after the license is awarded, NJDGE continues to monitor the sportsbooks to ensure that its operations remain legally compliant.
All of this serves to make betting online more safe and secure for New Jersey residents who gamble at a licensed website or use an NJ sports betting app on Android or iOS mobile devices.
To gamble legally at a licensed New Jersey bookmaker – whether online or in-person – you must meet two conditions. First, you must be at least 21 years of age. Second, you must be physically located within New Jersey’s borders while you are gambling. You don’t need to own a home in New Jersey or pay taxes there. You don’t need a New Jersey driver’s license or proof that you pay state taxes. It’s all about being physically present. Even if you’ve lived in New Jersey your whole life, you may not gamble at licensed NJ betting sites if you are traveling out of state.
Skins
Each licensed racetrack and casino that supports sports betting in NJ can have a maximum of three “skins.” The term “skins” refers to online partners. New Jersey betting sites must be affiliated with brick-and-mortar partners for licensing purposes.
The “skin” arrangement is a mutual agreement between the ground partner – for example, a racetrack or an Atlantic City casino – with the online sportsbook. Some online properties take on the brand identity of their brick-and-mortar partners, which helps them achieve visibility in a market that is rapidly becoming crowded. Land-based partners benefit from fees or revenue sharing – plus a share of the online wagering market, which accounts for 80% of sports betting in NJ.
Betting Options
While you can bet on lots of events at New Jersey’s online sportsbooks, you will find the broadest support for a solid list of popular sporting events:
- Football (NFL, CFL, NCAA)
- Baseball (MLB)
- Basketball (NBA, WNBA, NCAA, EuroLeague)
- Hockey (NHL)
- Soccer (MLS, English Premier League, English Championship League)
- Golf (PGA, LPGA)
- Tennis (ATP, WTA)
- Auto Racing (NASCAR, Formula 1)
- Boxing
- Mixed Martial Arts (UFC)
This isn’t a comprehensive list, but it should give you a good sense of the breadth of offerings you’ll find at New Jersey’s best online betting sites. Most sites offer more than this minimal list.
New Jersey Sports Betting Types
Here’s a quick overview of the kinds of bets you’ll find at New Jersey betting sites:
Moneyline: This is a simple bet based on your prediction of who will win a game, match, or contest. The odds are calculated by the sportsbook, and the favored team will have a lower payout than the underdog. This is the very simplest kind of bet.
Parlay: If you’d like to roll up several moneyline wagers into a single bet, that’s a parlay. A parlay is when you bet on two games or more. These bets are popular at all New Jersey sportsbooks. All of your selections must win for you to collect any winnings. The more bets you combine, the higher the payout.
Spread: Oddsmakers determine that in each contest, one team is favored to win by a certain number of points. You can bet on the outcome’s relationship to the spread – for example, that Team A will prevail over Team B, but that it won’t beat the spread.
Futures: This is a wager on a player or a team when the outcome won’t be known until some future date. These wagers are a great way to get started with NJ betting. For example, you might place a bet on the Los Angeles Rams to win the Super Bowl or Novak Djokovic to win the next Australian Open. Since you don’t know if the Rams will qualify for the Super Bowl when you make the bet, or if Djokovic will qualify for the Australian Open, you’ll score a big payout if your bet wins.
Teasers: Teaser wagers are parlay bets in which you adjust the spread for each match by the same number of points. Teasers can cover two to 15 individual matches. NJ sportsbooks allow anyone to make teaser bets, but they are probably best reserved for gamblers with more experience.
Over/Unders: These are fun bets. You wager on whether the total points scored by both teams will be higher or lower than a number selected by the site’s oddsmakers.
Round Robin: A round robin is a parlay bet in which you don’t lose everything if one or more of the component bets is a loser. You construct three or more two-team bets and cash in if the overall bet wins. Round robins are less risky and therefore pay smaller odds than parlays.
In-game: Most New Jersey sports gambling websites allow you to bet on certain aspects of a game or match even once the game has started. For example, you might bet on how many home runs will be scored in a baseball game or how many interceptions will be forced in an NFL football match. The odds for these events change as the game goes on. In-game betting is best if you’re playing at a site that streams video so you can watch the game you’re betting on and monitor the odds as they change. With quick reflexes, you can quickly place a winning bet.
NJ Sportsbook Reviews
Key features
Good sportsbook app
Great selection of payment options
Reliable and fast payouts
DraftKings
DraftKings is an excellent place for any sports fan. Here you can find all of the major sports, tournaments, or college competitions, making DraftKings number one among top betting sites.
You won’t have any trouble making your deposit with the sportsbook since practically any payment method you can think of is available.
To make things more interesting, DraftKings has an enticing 20% welcome bonus of up to $500 that you will receive as you deposit funds and start playing. You will get free bets as part of the referral program and access to daily free-to-play pools. High rollers can expect a VIP invitation with benefits, special offers, and contests.
This sports betting NJ establishment’s website has a sharp-looking design, making it easy to find the game you want to bet on. Live betting and pools are available to patrons, making it simple to add a bit more variety and fun to the game you are currently watching.
The DraftKings Sportsbook app is impressive, and it’s currently on Kambi’s platform, which has an excellent track record. It has plenty of options for experienced users, and great features for newcomers. The app will suggest games for you depending on your fantasy team roster and provide helpful tips and popular options. This top NJ sports betting place is currently building its platform and plans to move from Kambi by the end of Q3 2021.
Key features
Best sportsbook app
Variety of play options
PayPal deposits and withdrawals available
FanDuel
Another top place for those enjoying live betting and a variety of sports is the FanDuel Sportsbook, owned by the sports betting industry leader Betfair.
When you visit the website, you can easily see why it’s so popular. A clear-cut and crisp-looking interface puts it ahead of the competition, while deposit and betting options help it stand out. The user interface is straightforward, and after making a bet, you will get a digital bet slip as if you have visited a brick-and-mortar establishment.
NJ sports betting platforms have attractive welcome bonus options, and FanDuel is no stranger to promotions aimed at new users. You can count on a risk-free bet of up to $1,000 being refunded in site credit. You can find other tournaments, insurance promotions, giveaways, or over/under options on the site as well.
Be sure to follow live matches as they play out on the platform and, of course, place live bets since the platform calculates odds in real-time.
FanDuel is available in 10 states and continues to expand its online operation and availability of retail locations.
Key features
Fox Sports integration
Collaboration of two well-known sports companies
Odds boost
Fox Bet
How to create one of the best online betting NJ licensed establishments? Fox Bet has the answer: By combining giants such as Fox Sports and The Stars Group, now a part of Flutter Entertainment, an even bigger name in the sports betting industry.
Whatever your sport of choice, you’ll find it on the platform. Everything from Aussie Rules Football, Cricket, and UFC to college sports and top NBA, NFL, NHL, and MLB games is open for your bets. Futures and live betting are something that experienced sports fans like to have available at their sportsbook of choice.
An attractive option that we enjoy seeing at NJ sports betting online establishments is popular and recommended bets. They are a fantastic way for new users to learn the ropes while playing a bit more on the safe side.
Both the website and the app are elegantly designed and intuitive to navigate. When you add a bet, it will appear on your bet slip, and you can see off the bat how much you can potentially earn on your bet.
If you choose Fox Bet as your go-to sportsbook, you will have plenty of deposit options to choose from. Just keep in mind that withdrawals for credit cards are not available. We found it easiest to use PayPal as we are used to at other top sports betting sites.
Key features
Fantastic betting options
Generous promotions and welcome bonus
Trusted brand
BetMGM
In case you haven’t already heard it from Jamie Foxx, BetMGM is the place for mobile sports betting. MGM Resort International expanded its hotel and casino business to include sports betting as well.
You can certainly feel the hospitality with the welcome bonus that BetMGM has in store for new players. For your first deposit, the sportsbook will match you 100% up to $1,000. At the time of writing this review, a $25 Freeplay bonus that you instantly receive on your account and a $10 free bet were also part of the welcome offer.
Keep in mind that online gambling New Jersey establishments have a wagering requirement for these bonuses, and BetMGM is no exception. You have to wager the bonus 15 times before you can withdraw.
The app and the website are conveniently designed, and accessing betting options on a game you are interested in is straightforward and clear. After deciding which bets you will make, they are added to your bet slip, and you can play it straight, parlay, or round-robin style.
There are plenty of promotions and offers for all users and available payment methods to get you started. Indeed, BetMGM is among the best betting sites in terms of promotions. And trust us, with so many exciting sports available on the platform and plentiful opportunities to play, you’ll definitely need them.
Key features
Great user interface and app
Up to $2,000 bet insurance for new users
Numerous promotions available
PointsBet
Another sports brand cooperation, PointsBet, has partnered up with NBCUniversal as their official sports betting partner. The collaboration has proved to be a great move, as is evident from stellar customer reviews on Trustpilot, where 86% of more than a thousand users have rated their experience as great or better.
As one would expect from the best sports betting sites, there are plenty of sports and options available at the PointsBet Sportsbook. From Aussie rules to tennis, there is something for everyone. However, if you are a true sports fanatic following everything that’s going on in the world of sports, check out the “Next Up” option that takes you straight to the upcoming match you can bet on.
The user interface is pretty slick, and you can play on both Android and iOS devices. Keep in mind that the official app is not on the Google Play store. However, you can download it and install it by following the instructions directly from the official website.
Sports betting NJ websites offer some amazing welcome bonuses, and PointsBet gives you two risk-free bets of up to $2,000 to get you going. If that’s not enough, Allen Iverson and Page Spiranac have some additional exciting promotions for you.
Key features
One time wager welcome bonus of $250
Plenty of sports available
Comprehensive VIP program
SugarHouse
SugarHouse is sure to cover your spread if you are betting on finding a sweet spot for your sportsbook. This online platform results from the collaboration between the Golden Nugget Casino and Rush Street Interactive, and it offers a unique welcome bonus to its players.
This is the best online sportsbook welcome bonus with the lowest wagering requirement we’ve found so far. The SugarHouse Sportsbook will match your first deposit 100% for up to $250. The matched bonus has only a one-time wager requirement that you can use on sports at -200 or longer odds. SugarHouse says you deserve more, and it backs it up with an 11-tiered VIP program, with gifts and offers for players at each level.
You’ll be happy to hear that live betting is available, as you would expect from a modern sportsbook like SugarHouse.
The welcome bonus is only a deposit away, and fortunately, there are plenty of deposit options available. This sports gambling NJ establishment allows you to use credit cards and e-wallets to make your deposits. After depositing, plenty of betting options are on your table. These include point spreads, totals, futures, first and second half, moneylines, and player props.
Key features
Welcome bonus and free bets
Internationally recognized sportsbook
Competitive odds
Unibet
With an estimate of 20 million users worldwide, Unibet is an internationally recognized name for all things related to sports betting and an industry giant in this field.
This NJ sports betting venue has a terrific offer for new players. You’ll get a no-deposit bonus of four separate $10 bets. Besides, you can expect a risk-free bet up to $500 that you can use on any game you like.
There are always new promotions, and they will most often depend on the games available, so be sure to check them regularly.
The mobile app’s design is smooth and enables you to find the game you are looking for promptly. We like that you can quickly choose spread, moneyline, or other types of bets depending on the sport you want to bet on. As you’d expect from any of the best online betting sites, the app works on both Android and iOS. Just keep in mind that, as with many other sportsbooks, you’ll have to install the app for Android manually since there are no sports betting apps available on the Google Play store.
Key features
100% match welcome bonus
Best selection of sports
Straightforward user interface
Bet365
Another worldwide recognized sportsbook is Bet365. This betting site has a selection of sports that will make anyone happy. It doesn’t have such a dominant presence in the US at this point, but its NJ sports betting branch will surely give you great odds and a platform that you’ll enjoy using.
If you set up an account with Bet365, you’ll get a 100% match of up to $500 that you can use on bets with odds at -500 and greater. Don’t worry; you will have plenty of time to claim this bonus within 30 days after your first deposit.
Considering we’re talking about a platform with such a variety of sports available, it’s pretty user-friendly and intuitive to use. There will be no ad banners to distract you from what is important: Getting the information about the game and placing your bet. Top NJ betting sites can take some notes from Bet365.
There is a range of options available for payouts and deposits; you can find anything from credit cards to PayPal, so be sure to check it out and see why this sportsbook is so popular across the globe.
Frequently Asked Questions
Can you bet on sports in New Jersey?
Yes. Legal sports betting is regulated by the NJ Division of Gaming Enforcement. To place a bet, you must fulfill two conditions: You must be 21 or older, and you must be physically located within the state.
NJ sports betting revenue numbers rose sky-high in 2020 compared to 2019. Figures from August 2020 show a year-to-year rise of 127.5%. Online betting rose 141.5%, probably because of the coronavirus pandemic and the associated restrictions on gambling at brick-and-mortar casinos and racetracks.
Can you bet on college sports in New Jersey?
Sure – with a couple of restrictions. You can’t bet on teams representing New Jersey colleges and you can’t bet on games taking place in New Jersey. A bill eliminating those restrictions has been prepared for public consideration as a referendum to be placed on the ballot for New Jersey’s November 2021 general election.
Do you pay taxes on sports betting in New Jersey?
Yes, you are legally required to pay taxes on your winnings.
All sports betting winnings are subject to a federal tax rate of 24%. In addition, you are responsible for paying applicable local taxes. That means you’ll pay 8.5% New Jersey state tax on winnings from a brick-and-mortar sportsbook and 13% on winnings you collect via an online sportsbook or mobile app.
Under certain circumstances, you can deduct your gambling expenses, including losses, from the gambling income you report. This could reduce your taxes to $0. This is a matter to discuss with a qualified tax accountant or lawyer.
According to law and NJ sports betting regulations, casinos, sportsbooks, race tracks, websites, and other venues must report gambling winnings above certain thresholds to the IRS and state tax authorities.