New Jersey is one of the most prominent sports betting states in the Northeast US, offering lucrative opportunities for those interested. New Jersey sports betting has become the betting capital of the country. Sports betting is now legal in New Jersey and unimaginably benefiting popular casinos and racetracks.
Online sports betting licenses in New Jersey have crossed the milestone with a rapid boom in the sports betting industry. In June 2018, Gov. Phil Murphy signed NJ sports betting into law, making sports betting legal in the state of New Jersey. The seven-year struggle came to an end after sports betting became legal in the state.
With legalization taking place in New Jersey casinos, top sports betting apps are offering aggressive signup bonuses and promo codes with more lucrative offers. Just after its inception, it immediately became a robust market in the industry allowing gamers to place bets online and in person.
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Currently, there are 16 live sports betting apps in New Jersey offering gamers tremendous betting experience approved by DGE (Division of Gaming Enforcement) to accept bets. These apps offer users a huge pool of daily and weekly sports contests in cricket, football, baseball, golf betting, soccer, basketball, hockey, motorsports, and a lot more. The freedom to choose from many sports is what makes these apps stand out in the market.
| Betting Apps | Bonus & Offer |
| DraftKings Sportsbook | up to $500 deposit match |
| William Hill | up to a $500 deposit match |
| PointsBet | deposit $50, get $100 free |
| FOX Bet | $20 in free bets and $100 deposit match |
| FanDuel Sportsbook | $500 risk-free bet |
| SugarHouse Sportsbook | $250 deposit match |
| 888sport | $500 risk-free bet |
| playMGM | $500 risk-free bet |
| BetAmerica | x |
| theScore | x |
| Borgata Online | x |
| Golden Nugget | x |
| Hard Rock Online | x |
| Resorts | x |
| Caesars | x |
| Bet365 | x |
DraftKings is considered one of the best sportsbooks in NJ. It lets users sign up and start betting on a safe and secure online platform. Its user-friendly interface and a vast pool of daily fantasy sports contests allow users to earn a tremendous winning amount. Choosing from various formats like Double or Nothing, head-to-head, and qualifiers makes betting more exciting and results in an exclusive league leaderboard.
PointsBet is one of the famous Australian companies that moved its headquarters to North Jersey in 2018. It’s considered a growing online bookmaker where the more your bets win by, the more you win. They are known to offer the best tech in the legal sports betting space, offering a range of actions. What’s more attractive is the multiplier-based betting option, which allows you to bet with your friends and family—moreover, offering you a chance to win more.
Sugarhouse is not as popular as DraftKings and FanDuel, but they have been out ahead in the competition with legal sports betting offering industry-leading deposit options. You can get the money into your PlaySugarHouse in New Jersey using multiple options like Credit or Debit card, Sugarhouseplay+card, Paypal, Online banking, and wire transfer.
The playing is one of the Casino-branded sportsbooks. Recently it picked some new attention-grabbing features and is considered as one of the best in the bunch. What makes them unique is signup bonuses of 100-1 odds boost on a select event with new bettors. Their impressive way of grabbing gamers’ attention is surely doing wonders allowing gamblers to bet more and claim more.
William Hill is known as the world’s most popular bookmakers. They bring betting to your fingertips, offering a more excellent experience. Enjoy the live streaming, and advanced in-play scoreboard, allowing you to bet more and more with a higher possibility of winning. With William Hill, you will always get great value, price enhancement, bonuses, promotions, and special offers.
Read More: Sports Bookie Software Providers & Its Cost
Sportsbook provides the whole information of sports games such as cricket, football, tennis, soccer, basketball, baseball, volleyball, horse racing, etc. It can help you get extensive experience in sports betting while improving sports knowledge and skills.
Here we have listed certain steps that help you choose the best Sportsbook from all the available Sportsbooks.
Currently, there are 16 online/mobile sportsbooks licensed. All the casinos and racetracks across New Jersey introducing legal Sports betting in New Jersey. Here we have mentioned all the legal Sportsbooks licensed for use in NJ:
Odds are nothing but the ratio between the amounts staked by the individuals to a bet, based on the expected probability both ways. Betting odds helps you know how an event is likely to happen. It simplifies the prediction and allows you to calculate your winning. At, first it may seem complex and difficult to understand, but eventually you will learn to calculate the potential of winning.
There are mainly three types of betting odds. There is a major difference in the way they present the same things and no difference in terms of payout.
Fractional odds are also known as British odds or traditional odds among British and Irish bookies. These are typically written with a “slash (/)” or a “hyphen (-),” e.g. 6/1 or 6-1, and announced as “six-to-one.” These odds are utilized by some of the world’s greatest bookmakers, making them the most preferred odds across the globe.
A fractional listing of 6/1 (six-to-one) odds means that you win $6 against every $1 you wager (in addition to receiving your dollar back, i.e. $1 – the amount you wagered). In other words, this is the ratio of the amount (profit) won to the initial bet, which means that you will receive your stake ($1) in addition to the profit ($6), resulting in a total return of $7. Therefore, if you stake $10 at 6/1, you get a total return of $70 ($60 profit + $10 stake).
Therefore, the potential return on a stake can be calculated as:
Total Return = [Stake x (Numerator/Denominator)] + Stake
Where the numerator/denominator is the fractional odd, e.g. 28/6.
Decimal odds are also known as European odds, digital odds, and continental odds. These odds are famous in continental Europe, Australia, New Zealand, and Canada. It’s a little easier to learn and work with. The favorites and underdogs can be spotted immediately by looking at the numbers.
The decimal odds number represents the amount one wins for every $1 wagered. For decimal odds, the number represents the total return, rather than the profit. In other words, your stake is already included in the decimal number no need to add back your stake, which makes its total return calculation easier.
The total potential return on a stake can be calculated as:
Total Return = Stake x Decimal Odd Number
American odds are known as Moneyline odds or US odds. These odds are popular in the United States. The odds for favorites are accompanied by a minus (-) sign, indicating the amount you need to stake to win $100. Meanwhile, the odds for underdogs are accompanied by a positive (+) sign, indicating the amount won for every $100 staked. In both cases, you get your initial wager back, in addition to the amount won. The major difference between the odds for the favorite and the underdog widens as the probability of winning for the desired increases.
Also Read:- Round Robin Betting: An Ultimate Guide
After New Jersey’s online sports betting law declaration, you can bet on sports in person and online. Here we have listed specifics for NJ online sports betting.
To bet you must be located within the state when you bet. It’s a must for you to stay present in New Jersey to deposit any funds and can not even access the app. All the NJ online sports betting sites and apps use GPS(Geo location) to determine your exact location with GPS. Depositing funds can be done from anywhere, but withdrawing funds is only possible when you are in New Jersey.
With technology upgrades, bettors no longer have to visit a window and speak to a live person to make a bet. They can go to self-serve machines and kiosks to place a bet within the sportsbook.
According to the New Jersey sports betting regulations, online and mobile sports betting is live. As per the law, casinos and tracks can host their sportsbooks. The only condition of online sports betting is you must be present in the state and follow the government regulations.
There are certain places where betting is prohibited in New Jersey like college or high school game events. Esports betting will be allowed in New Jersey for any individual who is 18+. According to New Jersey’s online sports betting law, any professional game can be bet on, but any collegiate match not.
Winning bet must be collected within one year, or else the casino or track and the state get to split your winning. Always check your ticket and the book for information concerning cash-win bets.
If you wish to bet for $10,000 or more, the law requires you to disclose personal identification information. To make sure all the bets are transparent and there is no fraudulent activity involved, it is a must for all the bettors to give accurate information.
The legalization of online sports betting has changed the future of betting in New Jersey. It has changed the way the casino industry works offering great earning opportunities. Its tremendous growth just after offering bettors dozens of avenues reflects the growing future of the New Jersey sports betting app.
Mobile sports betting is undoubtedly dominating the betting market and making it more reachable. League partnerships will enable sportsbooks to offer unique in-play wagers with complete accuracy.
After the legalization, sports betting has become an excellent option for corporations to show much interest and offer sponsorship to casinos and state leagues.
From a large number of viewers’ attention to league partnership, it’s offering a lot of fans what they are looking for with great earning opportunities.
Sports betting in New Jersey is all set to break the records. It has become the first state following the Supreme Court’s ruling to allow both casinos-based and online sports betting. It’s bringing business opportunities for those who take an interest and want to establish their career in sports betting. Not just that, the best sports betting apps are setting up a new dimension and have registered consistent growth in the industry.
Develop your sports betting app and enable gamblers to achieve a greater degree of satisfaction.
With the growing interest of people in sports betting, it’s clear that the individual betting market will generate considerable amounts of growth in the economy of the country and is likely to rule the sports betting industry.
