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SPORTSBOOK NEW JERSEY BETTING BATTLE ENDS
The legalization of New Jersey Sportsbetting indicated the end of a decade in a legal battle. The state made efforts to pass sportsbetting in New Jersey since 2009. It resulted in a court case with Gov. Christie against the largest sports leagues in the United States, including the MLB, NHL, NFL, NBA and NCAA. Phil Murphy, the newly elected governor, took office in 2018. After a lengthy battle, Gov. Murphy updated and signed the New Jersey sports betting bill on the 11th of June.
NEW JERSEY SPORTSBOOK LEGALITY
New Jersey sportsbetting is legal at tracks, in casinos as well as online throughout the state. Online sportsbook New Jersey takes place via sportsbetting mobile apps. Mobile sports betting platforms operating legally in the state offers both iOS and Android mobile apps. The decision to allow mobile betting with remote registration opened the floodgates to sports enthusiasts.
SINCE LEGALIZATION, SPORTS BETTING REACHES ALMOST $7.9 BILLION
According to the American Gaming Association, since the overturn of PASPA the wagering on sportsbetting nationwide reached almost $7.9 billion, which resulted in local and state tax revenue of $55.5 million. In March betting in Nevada was $596.8 million, which was $224 million more than that taken by the Garden State. The figures are sure to change once Pennsylvania adds mobile betting and sports betting becomes legal in New York.
STAGGERING FIGURES REVEALED ONLINE NEW JERSEY SPORTSBETTING
The recent figures made public, reveals that 81% of New Jersey Sportsbetting stems from online bets. The state’s sportsbetting according to the New Jersey Division of Gaming Enforcement reported that during April figures reached $313.7 million. Of which, $254 million was from online wagering sites. The percentage of sports betting revenue from online and mobile wagering continues to increase every month and according to expectation will reach 85% to 90%. New Jersey is reaping the rewards and more mobile sports betting sites will open soon.
Sportsbetting in New Jersey reached $372.4 million in March with revenue of $31.6 million. It went down the month after by almost $60 million with the NCAA tournament coming to an end. The gap was partly filled by baseball, although it could hardly cover the offset of March Madness that marks the most popular betting event of the year.
LEGAL MOBILE SPORTS BETTING IN NEW JERSEY
Legal mobile sports betting in New Jersey is available at thirteen online and mobile sportsbooks, licensed in the state. Offshore sportsbooks are not legal, and only websites with the DGE licensed & regulated seal are legal to offer services to players.
All racetracks and casino in the state can offer betting on sports once they receive approval by the state. It also includes licensed Atlantic City casinos and the three racetracks, which include Freehold Raceway, The Meadowlands and Monmouth Park. There are nine casinos in Atlantic City, of which eight already offer retail betting on sports.
NEW JERSEY SPORTSBOOKS COMPETE FOR POWER RANKINGS
New Jersey Sportsbooks became one of the leaders in legal sports betting; it took only the stroke of a pen to make it all happen. The battle against major professional sports leagues and the NCAA lasted a decade, but it’s all in the past.
Today the state hosts one of the largest sports wagering industries, which includes online betting, mobile apps and almost a dozen land-based sportsbooks. The competition is fierce and license holders want to top power rankings in the state.
This benefits sports bettors, who have access to highly competitive pricing, tons of betting options, user-friendly interfaces and the best promotions.
BONUS BENEFITS AVAILABLE AT SPORTSBOOKS IN NEW JERSEY
Due to the tough competition between horse tracks, land-based casinos and online sportsbooks, sports fans enjoy an array of benefits, including a great range of bonus offers.
The bonus variety offered at sportsbooks includes free bets and percentage-based welcome offers.
Welcome offers include first bet matches, which enable punters to claim a risk-free bet up to a $500. The free bet is claimable within thirty days of the initial bet. Welcome packages include two risk-free bets up to a maximum value of $1,000. The risk-free bets include one for pointsbetting and one for fixed odds. Pointsbetting is a new way of betting; if the bet wins by one unit or point, it means a win of 1x the stake. A win by two units awards a win of 2x the bet. This means if the bet wins by 10 units the win is equal to 10x the stake.
There are plenty of ways to celebrate sport betting in New Jersey and if you want to bet on the New York Yankees, New England Patriots, New Jersey Devils or the Dallas Cowboys for the first time. Simply register online, take advantage of the first bet match offer and enjoy betting action on CFL, MLS, NBA, NHL PGA golf or NFL.
Regular promotions ensure members have plenty of reason to support their favorite teams.
REGULATED NEW JERSEY ONLINE SPORTSBOOKS AND CASINOS
What separates New Jersey online sportsbooks and casinos from offshore sites is legality, safety and security.
Security remains a primary concern for online sportsbook and casino players. It is most important to know that you wager on games that are fair, while the software is subject to regular testing and certified as RNG.
Safety is one of the top benefits at New Jersey regulated online casinos, which is miles away from the offshore sites. These often serve as an alternative to USA players looking for online gambling destinations. The online casinos regulated by the New Jersey Division of Gaming Enforcement ensure the safety of your sensitive and personal information as well as your money.
When it comes to legality, any site that accepts your bets and is not regulated by New Jersey, is breaking the law. It is best to support online casinos that are legal, it also benefits the local operators instead of sending cash to the offshore casinos.
BEST NEW JERSEY ONLINE SPORTS BETTING SITES & APPS
The leader in daily fantasy sports is DraftKings who offers online betting in partnership with Resorts in New Jersey since the 1st of August. Betting options include golf, football, hockey, darts, cricket, boxing, basketball and baseball. Monthly promotions ensure a consistent player base and betting takes place through Android and iOS mobile apps as well as a web-based interface. Main benefits include live betting, variety of action, ease of use and a modern interface.
Launched on the 11th of December, the Australian company, PointsBet recently announce its partnerships with Tioga Downs and Meadowlands. The partnerships enable the site to offer sports betting to New York as well as New Jersey. In offering modern apps with easy to operate interfaces, PointsBet enjoys huge support. What hugely contributes to the company’s popularity is the range of promotions, including risk-free bets.
The main benefits include the unique points betting system, excellent promotions and the site is approachable and fun.
SugarHouse Sportsbook launched both its Android and iOS betting apps near the end of August, it is the third sports betting site to do so in New Jersey. Launched on the 23rd of August, its land-based partner is Monmouth Park. The website offers a great selection of casino games apart from sportsbetting. What it lacks in interface quality it makes up in phenomenal bonus offers. The signup bonus is straightforward, and the bonus requires one-time betting before withdrawing. The main benefit is that it is an established New Jersey casino while it also offers live betting options, exciting prop bets and strong bonuses.
BetStars NJ Sportsbook
BetStars NJ by Pokerstars is one of the newcomers and also the most promising. The sportsbetting site belongs to The Stars Group. Launched on the 13th of September the site partnered with the land-based Resorts AC. It offers punters a user-friendly interface offering a series of popular and unique betting options as well as the cash out options. Great member benefits include incredible promotions, unique parlays and props, an excellent interface, low minimum deposits and proven apps.