Las Vegas and the state of Nevada have been the sports betting capital of the world for quite some time, but all of a sudden, they have plenty of company. The state of New Jersey launched sports betting near the end of 2018, and it went live with online/mobile betting in early 2019.
The results have been absolutely tremendous in the Garden State, and they have even surpassed Nevada in terms of revenue and action in recent months as well. As sports betting companies see the potential to make money in New Jersey, more and more sportsbooks seem to be opening up by the week.
Even though New Jersey has started to see some neighboring states legalize sports betting as well, the revenue and traffic numbers have not slowed down at all. Almost all of the big names in the sports betting industry have a presence in the state, and they are all competing against one another for new customers.
It’s really not hard to get started in the world of sports betting, but there are a few things that you need to know and understand before making any bets. Let’s look at some of the current laws in New Jersey, and point out some of the top online sportsbooks that are thriving in the Garden State.
NJ Sports Betting Laws
The state of New Jersey wasted little time in launching sports betting when the Supreme Court gave it the authority to do so. Atlantic City is the gambling center in this state, but now anyone within state borders can make bets via sports betting apps.
The legal age to place a sports bet in the state of New Jersey is 21 years of age, but you do not need to be a resident of the state to place a bet. Sports betting officially launched in the state in June 2018, and mobile and online betting went live just a few months later.
Sportsbooks in the state of New Jersey are given the freedom to offer bets on a variety of sports, but they do have some restrictions on collegiate teams and events that take place in New Jersey.
Best Online Sportsbooks
Trying to identify the best online sportsbooks in the state of New Jersey can be a daunting task due to the large number of sportsbooks and sports betting apps in the state. The list also just continues to grow as new sportsbooks try to break into the market.
We will highlight some of them below, but just know that this is not a complete list, and there could be a better online sportsbook that meets your needs. You will want to do your own research, or just give some of these a try and decide which one you like the best.
Almost all of these online sportsbooks now offer mobile apps as well, which makes it easier to place bets on sports.
DraftKings Sportsbook: DraftKings was first to the party in the state of New Jersey, and it was ready to go when the state went live. DraftKings specializes in daily fantasy sports, but it now offers a full slate of sports betting. DrafKings went live in August 2018, and it has a partnership with Resorts Atlantic City.
FanDuel Sportsbook: FanDuel is the biggest competitor to DraftKings in the world of daily fantasy sports, and it is competing in the sports betting industry in New Jersey as well. FanDuel was the fourth online sportsbook to open up in the state, and it has quickly risen to the top. It has a partnership with The Meadowlands, which gives it the ability to operate online in the state.
PointsBet: It’s hard to stand out in the crammed sports betting market in New Jersey, but PointsBet Sportsbook has found a way. This Australian company joined the industry in 2019, but it has quickly become a favorite. PointsBet offers a very unique betting option that attracts customers with its high-risk, high-reward philosophy.
Hard Rock Atlantic City: Hard Rock Atlantic City is one of the newest online sportsbooks to open up in New Jersey, but there is reason to believe that it will be one of the best. The Hard Rock Resort and Casino in Atlantic City is one of the most visited places in the state, and it has a very loyal fanbase.
William Hill: William Hill has a partnership with a pair of casinos in the state of New Jersey, and it is one of the major players in the sports betting industry in this country. It opened up its sportsbook in September 2018, and it also offers a terrific sports betting app.
What Sports Can You Bet On Online
Instead of focusing on what sports are available to be bet on in the state of New Jersey, it is much easier to point out the sports or events that are strictly prohibited. Betting on high school sporting events is prohibited under state law, which is a pretty common practice around the country.
Betting on collegiate athletics as a whole is allowed in New Jersey, but there are a few restrictions on that. No bets can be made or taken on any collegiate sporting event that takes place in the state of New Jersey.
To go along with that, no bets can be made or taken on any collegiate sporting events that feature a team from the state of New Jersey, no matter where the event takes place.
Other than that, there are no other restrictions, and sportsbooks are free to offer bets on whichever sports they choose.
How To Sign Up And Place Bets
It really doesn’t matter what online sportsbook you choose in New Jersey in terms of signing up or placing bets. Almost all of them have the exact same sign-up process, and it is relatively easy to establish an account and begin betting.
New users are able to create an account even if they are a non-resident of the state, but they will have to check in at their location before any bets can be placed.
Online sportsbooks will request some general information to establish your identity. You will be required to provide your legal name, date of birth, and address for billing/withdrawal purposes. Other information that might be required is a valid email address, cell phone number, and perhaps the last four digits of your social security number.
After providing the online sportsbooks with this information, you will want to create an account for easy login and access. Online sportsbooks will ask you to create a username and password that will be used each time you log in.
Most sportsbooks offer extra security features if you wish to take advantage of them. That’s really all there is to it, and you are free to bet your heart away; well, after you deposit some money, of course.
What Is The Future Of Online Sports Betting?
Online sports betting is here to stay in New Jersey, and it is the clear leader amongst states that have just launched. The state is bringing in a ton of revenue through its online sports betting industry, and those numbers just continue to grow as the weeks go on.
The future of online sports betting looks extremely bright in New Jersey as new sportsbooks join the party at an alarming rate. The laws are not going to change anytime soon, but the betting options will continue to grow as time goes on.
Facts and Numbers Around Sports Betting In NJ
The stats and figures surrounding the New Jersey sports betting scene are staggering, and they are not representative of other states around the country. New Jersey had over $445 million wagered in casinos or online sportsbooks in September 2019, which is its biggest month to date.
Casinos and racetracks in New Jersey made a combined $38 million in September, making it the most profitable month since sports betting was launched.
Online sports betting was even more profitable for the sportsbooks, which brought in a combined $41 million in September. The total amount of revenue generated in the state of New Jersey through September was over $190 million.
New Jersey Sports Betting Frequently Asked Questions
If all of the information above did not answer your New Jersey sports betting questions, then perhaps you will find what you need in this section. These are just a few of the most frequently asked questions when it comes to New Jersey sports betting, and we will try to give you the best possible answer.
Where can I bet on sports in New Jersey? There are two different categories of places to bet on sports in the state of New Jersey. The first category is retail sportsbooks, and there are 10 of them located throughout the state. Most of these retail sportsbooks are located in or around Atlantic City, which is sort of like the East Coast’s answer to Las Vegas.
The next category is online or through a mobile sportsbook app. There are currently more than a dozen online or mobile sportsbooks that are live in New Jersey, and that number will likely have risen by the time you are reading this.
Visiting a retail sportsbook is the more traditional way to bet on sports, but utilizing a mobile or online sportsbook is more convenient, and many people would consider it easier.
Do you have to live in New Jersey to bet online? The short answer to this question is no, but some online sportsbooks will ask for your mailing or billing address in order to allow you to create a new account. Most online sportsbooks will allow you to create an account even if you don’t live in the state, but your physical address will be needed each time you log on to the site or the sports betting app.
As long as you are within state borders, then you can place a bet on sports in New Jersey, although you might as well move if it means that much to you.
What is the best site for sports betting? The best online site for sports betting is the one that fits your betting needs the best. It’s really a matter of personal preference, but you will definitely find what you are looking for in New Jersey.
With new sportsbooks opening up all of the time in the state, it is important to do your research before sticking to just one sportsbook. Think of the sports betting industry in New Jersey as a buffet, and you bought an all-you-can-eat ticket.
Go ahead and try them all out before settling on just one. With that said, DraftKings, FanDuel, and PointsBet are three of the most popular and highly reputable online sportsbooks currently live in the state.
How will New Jersey tax sports betting? The state of New Jersey has three different tax rates depending on the type of operation that is offering the betting. Land-based retail sportsbooks in the state must pay an 8.5 percent tax on all sports betting revenue. Casinos that offer online sports betting must pay a 13 percent tax on all sports betting revenue, and racetracks pay a tax at a rate of 14.25 percent.
What is the safest online sports betting site? Honestly, all of the licensed online sports betting sites in the state of New Jersey are extremely safe. They all must follow a very strict list of rules and regulations that are provided by the state, and there isn’t any funny business that is going on.
Summary of NJ Sports Betting
The sports betting industry is alive and well in New Jersey, and it just continues to grow as time goes on. There are a number of terrific online sports betting sites that are already open for business in the state, and there will likely be several more on the way.
Major companies such as DraftKings and FanDuel are dominating the market at this time, but you should give the smaller companies a chance as well. New Jersey is trying to overtake Las Vegas as the sports betting capital of the world, and it is well on its way if it keeps up this pace.