Finding Top NJ Sportsbooks
The NJ online sports betting industry may not have the tradition of markets like Las Vegas or the United Kingdom, but the state has done a lot in a little bit of time to emerge as a key player in the global sports betting movement.
The competition between the first NJ online sportsbooks has been palpable which is good news for those trying to find one specified to their particular tastes.
However, not just instate competition, but competition amongst sportsbooks around the world both in the UK and Vegas play a factor in determining odds and other features offered by most online betting sites.
NJ sportsbooks have a long way ahead of them, for certain and still need to up the proverbial ante in some areas to catch their global counterparts, but if early indications are anything, NJ online sportsbooks are making impressive first impressions.
Most Popular Sports to Bet On
Now that sports betting is taking form in the US, we can see which sports are the most popular to bet on to date.
What’s the state of NJ Sports Betting
Is Sports Betting in NJ legal?
Yes. The fight was a long and arduous one for the Garden State, but as a reward it became one of the first states to fully allow sports betting outside of Las Vegas, giving it a major competitive advantage against neighboring New York.
Has Online Sports Betting Been Profitable for the State?
Very. New Jersey is one of the nation's leaders each month in sports betting handle. In September 2021, New Jersey became the first state ever to record more than $1 billion in sports betting handle for one month, recording $1.01 billion. That mark only lasted for a month because in October, New Jersey recorded $1.3 billion in sports betting handle. Read recent news about the performance of New Jersey sports betting.
How Can I Take Part in NJ Sports Betting?
To join in on the fun, users need to be either New Jersey residents or simply be located within state boundaries at the time of the wagering and to collect their wagers.
Signing up can be as simple as creating a username and password for some sites, but others might require a little more information to place the first bet.
Best Online Sports Betting Tips
Sports betting online can be difficult to become consistently good at as an investment and commitment to accruing more sports knowledge must be made along with the monetary investments and commitments made while wagering.
Being a good sports bettor and a big sports fan are two very different things as oftentimes the biases and personal stakes in competitions should be taken out of the equation. Events should be viewed as impartially as possible by the bettor to make the most informed decisions at the virtual betting booth.
This is the number one thing to remember when actually placing sports bets in NJ, but what sets one sportsbook apart from another?
Let’s explore that in the next section.
Comparing the Best NJ Sports Betting Sites
Things to Consider When Looking at NJ Online Sportsbooks
There are several different factors to consider when trying to discern which online sports betting outlet will be best for you. Having that knowledge going in to your search is part of why we’re here at TopNJSportsbooks.com.
We pride ourselves on the ability to provide users and NJ sports betting fans with the information and best sportsbook reviews they need to make the best choice for themselves based on their own personal criteria and preferences.
The following list provides an in-depth look at unique features that every NJ online sportsbook may or may not have. These key areas should be observed by the prospective sports bettor so that they might hone in on their ideal match.
New Jersey Sports Betting FAQ
Yes, online sports betting is legal in New Jersey. In fact, the Garden State led the way in accepting legal sports wagers, officially legalizing it in 2018.
Sports betting became legal in the state of New Jersey back in May 2018 thanks to a landmark decision by the U.S. Supreme Court. The high court decided to rule in favor of NJ governor Phil Murphy in the case of NCAA v. Murphy and strike down PASPA, a 1992 federal ban on sports betting.
Currently, there are 27 legal online sportsbooks in New Jersey. The cream of the crop include BetMGM, Caesars, PointsBet, DraftKings and FanDuel, PointsBet. However, the wagering preferences of every bettor are different, so be sure to do your research before blindly choosing a sportsbook to get in on the real money action.
Yes. You are liable to pay both state and federal taxes on your winnings. Each NJ online sportsbook has its own TAX ID number and will withhold tax if your win is large, but even if it doesn't issue a W-2G to you, the IRS still considers the winnings taxable.
You need to be at least 21 years of age. Also, you need to be physically inside state borders, no matter whether or not you are a New Jersey resident. In other words, even if you are not a resident, you will be able to make a bet if you are within state lines.
NJ online sportsbooks use special geolocation tools such as GeoComply to help to verify your device's location. Keep in mind that you will need to turn on your phone’s location services if you want to place a wager. Also, the apps of most sportsbooks will block you if you are connected to any VPN or external network.
A successful handicapper with more than a decade in the sports and gambling industry, Adam enjoys writing about (and playing) poker.