New Jersey is the hottest northeastern US state opening door of fortune for people who love sports betting. New Jersey sports betting has become the betting capital of the country. Sports betting is now legal in New Jersey and benefiting popular casino and racetracks in an unimaginable way.
New jersey online sports betting license has crossed the milestone with a rapid boom in the sports betting industry. In June 2018, Gov. Phil Murphy signed NJ sports betting into law and made new jersey online sports betting legal in the country. The seven-year struggle came to an end after sports betting became legal in the state.
With legalization taking place New Jersey casinos, betting apps are offering aggressive signup bonus 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.
Live Sports Betting Apps in New Jersey
- 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, 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.
- DraftKings Sportsbook– up to $500 deposit match
- William Hill– bet $50, get $50
- 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
- Borgata Online
- Golden Nugget
- Hard Rock Online
Top 5 New Jersey Sportsbooks
1. DraftKing Sportbook
DraftKing is considered as one of the best sportsbooks. It enables users to signup and starts betting on a safe and secure online platform. Its user-friendly interface and a vast pool of daily and fantasy sports contests allow users to earn a tremendous winning amount. Choosing from a range of formats like Double or Nothing, head-to-head, and qualifiers make betting more exciting and result in an exclusive league leaderboard.
PointsBet is one of the famous Australian company that moved its headquarters to North Jersey in 2018. It’s considered as growing online bookmakers 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 playmgm is one of the Casino-branded sportsbooks. Recently it picked some new attention-grabbing features and considered as one of the best in the bunch. What makes them unique is signup bonuses 100-1 odds boost on a select event with new bettors. Their impressive way to grab gamers’ attention is surely doing wonders allowing gamblers to bet more and claim more.
5. William Hills
William Hills is known as the world’s most popular bookmakers. They bring betting at your fingertips, offering a more excellent experience. Enjoy the live streaming, advance in-play scoreboard, allowing you to bet more and more with a higher possibility to win. With William Hills, you will always get great value, price enhancement, bonus, promotion, and special offers.
Best NJ Sportsbooks Selection
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 which help you choose the best Sportsbook from all the available Sportsbooks.
- Choose review based Sportsbook betting software.
- Select a reliable platform which gives great competitive odds and secure payment option.
- Make a better customer service.
- Better support with perfect security.
- Get a great web and mobile betting solution.
- Promotion and bonus offer provide after the Signup process.
- Impressive User interface.
- Easily to provide the methods of transaction fund like withdrawal and depositing.
Legal Online Sportsbook in NJ?
Currently, In New Jersey, there are 14 online/mobile sportsbook licensed. All the casinos and racetracks across New Jersey introducing legal Sports betting. Here we have mentioned all the legal Sports book licensed for use in NJ:
Betting Odds and Pricing
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 help 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 (British) Odds
- Decimal (European) Odds
- American (MoneyLine) Odds
- Fractional (British) Odds: – 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 numerator/denominator is the fractional odd, e.g. 28/6.
- Decimal Odds: – 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 favourites 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: – American odds are known as Moneyline odds or US odds. These odds are popular in the United States. The odds for favourites 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 favourite and the underdog widens as the probability of winning for the desired increases.
How and Where to Bet on Sports in New Jersey?
After new jersey 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 us GPS(Geo location) to determine your exact location with GPS. Depositing funds and withdrawing funds is only possible when you are in New Jersey.
New Jersey Sports Betting Law
Kiosks and Self-serve Machines
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.
Online Sports Betting
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.
Prohibited Events & Games
There are certain places where betting 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 online sports betting law, any professional game can be bet on, but any collegiate match not.
Cashing Winning Bet Terms
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.
Disclose Personal Information
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 Future of Legal Online Sports Betting
The legalization of online sports betting has changed the future of betting in New Jersey. It has changed the way casino industry work offering great earning opportunities. It’s tremendous growth just after offering bettors dozens of avenues reflects the growing future of 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 wager with complete accuracy.
>>>Read More: Ultimate Guide of Sports Betting App Development<<<
After the legalization, sports betting has become an excellent option for corporate 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.
All in all
New Jersey sports betting 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, Sports betting apps are setting up a new dimension and have registered a consistent growth in the industry.
Develop the best NJ sports betting app and enable gamblers to achieve a greater degree of satisfaction.
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 market in 2020.
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