Legal New Jersey Sports Betting

The subject of legal New Jersey sports betting finally pushed its way through to the mainstream, as the state successfully challenged the restrictive Professional and Amateur Sports Protection Act (PASPA, 1992) all of the way to the Supreme Court, coming out on top in the long run. On May 14, 2018, the SCOTUS overturned PASPA as unconstitutional, thus allowing New Jersey — and the rest of the states in America — to legalize and regulate their own sports gambling industries. With the thriving Atlantic City gaming market and many historical racetracks throughout the country, the industry for legal sports gambling at NJ has the potential to overshadow that of Nevada.
Despite PASPA’s overturn, to better understand legal sports betting from New Jersey, it can be handy to learn about specific other state and federal laws. Becoming familiar with the present state of authorized New Jersey sports gambling will provide you a much clearer image of just how and where you can bet on sportsbetting. Yes, it is easier than ever to wager on athletics in NJ, but there’s still some background that all responsible gamblers must be aware of.
Is Land Based Sports Betting Legal In New Jersey?
Land-based sports betting is finally legal in New Jersey! While PASPA was in effect, the only states granted exemption were people that had sports betting laws in place prior to the federal law was made effective on January 1, 1993. Nevada, Delaware, Oregon, and Montana were the only states grandfathered into the law, although NV was the only state with single-game wagering (aka full-service sports gambling ).
Ironically, the one-year grace period from the time PASPA was signed (October 28th, 1992) to the effective date was especially meant to allow the state of NJ to enact their particular sports betting laws. But, lawmakers inexplicably failed to pass any sports betting laws throughout the window, which resulted in the state falling under the umbrella of the federal ban. On the ensuing 25 decades, NJ legislators have functioned tirelessly to acquire the prohibition raised. Now that they have done just that, you may enjoy land-based, lawful New Jersey sports betting all across Atlantic City and across the remainder of the state. State-based online sports betting is also an alternative in New Jersey, and the sky’s the limit for how far the industry can continue to proceed.
Is Online Sports Betting Legal At New Jersey?
Internet gambling has been legal in the country for years, but online sports betting has just recently been made lawful in New Jersey. Policymakers had pushed for legal New Jersey sports betting websites that would be regulated by the state long before PASPA was removed, and also the national ban no longer standing in the way, NJ residents can bet at any variety of casino-affiliated online sportsbooks. The catch is that to set up an account, online bettors in NJ ought to really visit all those novels’ related casinos to register. But, withdrawals may be requested via email, so at least some degree of additional convenience is set up in that respect.
All that said, it is important to note that despite the proliferation of local online options (and an obvious state interest in promoting those options), there has not been any legislation enacted or perhaps suggested that could make utilizing offshore sportsbooks against regulations. This is a good thing, as such foreign books are often superior to in-state options, particularly when it comes to action on local teams (since there isn’t any home-team skew on the gambling boards, forcing up the vig, or home take, to compensate). Furthermore, these overseas sites are licensed and run by local gambling jurisdictions in their own home countries, and each operator is licensed to take players from the USA.
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New Jersey Sports Betting Revenue
New Jersey is in a league of its own (excluding Nevada) as it comes to the sheer quantity of sports wagering. When some countries are only breaking or failing to live up to sports betting revenue expectations, New Jersey has seen their handle surpass $1 billion since the start of 2019, with roughly 80% of it coming from online sports gambling. Meadowlands and Resorts Casino (through their online skins) are accountable for three-quarters of revenue since the business launched in June 2018. Add in Monmouth Park and Ocean Resorts and these four sportsbooks account for over 90% of their entire tax gifts.
Where To Bet On Sports At New Jersey
The better question is,”Where can not you wager on sports in New Jersey?” Now that the activity has been legalized, it is possible to wager on sports in NJ at numerous physical locations, including all of the casinos around the Atlantic City strip, The Meadowlands, and Monmouth Park. You can even wager on sports through any number of local Internet-based books wherever you’re in the country, and needless to say, the offshore option is always right at your fingertips anywhere you’ve got a Wi-Fi or data link.
The only place in New Jersey that doesn’t offer sports wagering (yet) is that the Freehold Raceway, although site officials are working hard to bring sports betting to the historic venue ASAP.
Where is The Closest Place To Me To Bet?
Finding the nearest location to bet at New Jersey is simple no matter where you reside within the country: Atlantic City and the pair of more centrally-located racetracks at NJ (The Meadowlands in East Rutherford and Monmouth Park in Oceanport). Please notice: If you also wish to enjoy casino gaming together with your sports betting, casino activity is restricted to the AC strip area, which means all you have to do is pick your casino and push to the city.
All of the casinos in AC have loads of table games to allow gamers to pick from, but the real highlight lately has become the many different, competing sportsbooks these websites offer. Plus, with 10 casinos on the AC strip (as well as the majority of them offering online sports gambling components), New Jersey is one of the easiest places to shop lines among actual physical places, providing you a sports betting edge which you may only otherwise locate at legal offshore sports gambling sites.
Atlantic City New Jersey Sportsbooks
Bally’s Wild Wild West Sportsbook Atlantic City
Borgata Sportsbook Atlantic City
DraftKings Sportsbook Atlantic City
Golden Nugget Atlantic City
Harrah’s Sportsbook Atlantic City
Ocean Resort Atlantic City
Tropicana Sportsbook Atlantic City
Freehold New Jersey Sportsbooks
Freehold Raceway Sportsbook
Meadowlands New Jersey Sportsbooks
FanDuel Sportsbook Meadowlands
Oceanport New Jersey Sportsbooks
Monmouth Park Sportsbook Oceanport
New Jersey Cities With Sports Betting:
Atlantic City
East Rutherford
Oceanport
New Jersey Sports Betting Revenues For March 2019:
Although the fledgling New Jersey sportsbooks took a bit of a bath during the Super Bowl in January (which, ironically, is the direct opposite of”cleaning up”), the ship has been righted — and then some! On the heels of March Madness (the second-most-popular sports wagering event on the US calendar), NJ sportsbooks took in a total monthly handle of $372,451,342. This eclipses February’s record manage by over $52 million. Evidently, sports betting from NJ is hugely popular, and it is only picking up steam.
In terms of revenue, March’s figures include $31.7 million in complete take across all 10 retail sportsbooks and 13 online sportsbooks that function in the nation. Collectively, NJ sportsbooks held 8.5percent of all wagers, which is over the average 6-7% rate attained by most novels in most regions. The largest individual winner for the month was FanDuel, which functions The Meadowlands’ sportsbook onsite and on the internet. FanDuel took in about $17.5 million of the total sports betting revenue in the state, while its rival DraftKings came in second with just over $7.3 million in earnings. These two books control 78 percent of their New Jersey sports betting market.
Broken down by phone , the numbers reveal exactly how important statewide Internet-based wagering is to countries that want to legalize sports wagering. In New Jersey, three months of March Madness activity resulted in massive standing-room-only crowds at physical sportsbooks throughout the state, which have been pushed beyond capacity for much of the month. However, $298,282,154 was wagered online by patrons who couldn’t make it into a proper betting venue. This is fully 80 percent of all wagers placed in the state. In other words, at maximum capacity during a popular tournament, neighborhood novels only processed 20% of all wagers made by NJ residents. For any state that wishes to maximize its sports wagering tax revenue, New Jersey is Exhibit A in why cellular should be an absolute priority.
New Jersey Sports Betting Sites There are two sorts of New Jersey sports betting sites: those who are and aren’t governed by the state government. The state-regulated sites ask that you sing up on site, but after that, you can wager from any place in the state. However, you should still physically be located within New Jersey’s borders, along with the Interstate Wire Act remains in effect.
The other sort of NJ sports gambling sites are the offshore choices. These websites are operated overseas in places like Costa Rica where online sports gambling has been permitted for decades. Such sites offer betting lines on all of your favorite sports, ensuring you can wager on the New Jersey Devils and other teams. The action is the same that you’d see in a Vegas sportsbook, with all the best odds and gambling options like moneylines, totals, point spreads, and parlays. Better still, you aren’t geo-fenced at these books, and you can also wager on NJ college athletics, which is forbidden at state-sanctioned sites.
Joining an overseas sports betting site in NJ is simple to do: Just find a sportsbook that suits your needs and sign up. It is that easy. Accounts take less than 5 minutes to make, and membership is always free. There are numerous online sportsbooks that take residents out of NJ and all over the US, and all the top brands are 100% safe, secure, and legal to use.
New Jersey Sports Betting And Gambling Laws
New Jersey sports betting and gambling laws have become a national talking point and hot-button political problem throughout the past several years from the push to set up lawful New Jersey sports gambling. Originally, all gambling was legal in the country, but in 1894, all gambling was banned. In 1939, horse racing gambling (pari-mutuel betting) has been re-legalized, and soon afterwards, most charitable gaming (bingo, pull-tabs, raffles) was also accepted.
The state lottery was legalized in 1970 with broad public support, also in 1975, NJ made history by introducing the Pick-It, that was the first lottery system in America that allowed players to select their own numbers. In 1976, New Jersey voters approved a referendum enabling casino gambling to be made legal in the state, given all of the venues would be found at Atlantic City.
In 2011, online casino gambling started in New Jersey, and one year afterwards, then-governor Chris Christie signed voter-approved legislation legalizing sports betting from the state. The legal challenges by various sports leagues (including the NFL, NBA, MLB, NHL, and NCAA) dragged on for a further six years, resulting in the landmark SCOTUS ruling declaring PASPA unconstitutional and null and void.
More recently, Assembly Bill 4111 has been passed and signed into legislation, refining the legal structure and regulatory criteria of New Jersey’s new sports gambling industry. The law sets the minimum age to wager on sports in 21, makes it illegal to wager on NCAA contests held inside the state of NJ, makes it illegal to bet on NJ collegiate teams no matter where they perform, and wagering on eSports can also be against the law. Further, the legislation mandates that an 8.5% tax rate on physical sportsbook earnings and a 13% tax rate on Internet-based sportsbook revenue.
What Teams Can I Bet On?
New Jersey’s close proximity to the Empire State puts it in a exceptional position when it has to do with the teams that citizens bet. The state is a bit of a mixed bag, with the teams that sport fans root for depending on that side of the state they reside. By Way of Example, in South Jersey, the majority of sports fans root for the Philadelphia Eagles.
Making things more intriguing is that MetLife Stadium in East Rutherford is currently home to two NFL teams, the New York Giants and the New York Jets. The state is also home to a NHL team and one by the MLS. At sportsbooks, you’ll find gambling odds on nearly every professional and collegiate team which you could think of (although NJ-based teams can only be wagered on via offshore venues because of state law). Here are the most popular teams that NJ citizens bet:
Popular Pro + College Teams To Bet On In New Jersey
Rutgers Scarlet Knights (Large 10) Princeton Tigers (Ivy League) New York Giants (NFL)
New York Jets (NFL) Philadelphia Eagles (NFL) New York Yankees (MLB)
New York Mets (MLB) Philadelphia Phillies (MLB) New York Knicks (NBA)
Brooklyn Nets (NBA) New Jersey Devils (NHL) New York Rangers (NHL)
New York Islanders (NHL) Philadelphia Flyers (NHL) New York Liberty (WNBA)
New York Red Bulls (MLS)
Horse Racing Betting In New Jersey
Horse racing gambling in New Jersey was prohibited in 1894 and legalized formally in 1939. But during the ban, betting the ponies was extremely popular in the nation. The first horse race trail was Freehold Raceway (which is in fact the first commercial horse racing track at US history, having first opened its doors in the 1830s), and there are presently a total of 3 tracks where sponsors can bet on the horses. The country also has a few of OTB betting locations where you could enjoy food, drink, and a good deal of races.
New Jersey residents may also use online racebooks if not spending the day at the races. You’ll receive excellent horse betting odds, horse racing results, and live streams to keep you up on all of the actions at any top offshore sportsbook service. Mobile racebooks make setting straight or exotic horse bets much more convenient, providing immediate accessibility to significant tracks in the hands of your hands via cutting-edge cellular betting. These horse racing betting sites provide you the most flexibility when gambling on the Sport of Kings.
Daily Fantasy Sports At New Jersey
New Jersey was not the first nation to regulate daily fantasy sport, but they have become leaders using their innovative DFS products. The state launched FastPick, a parlay-style daily fantasy sports platform. The merchandise made Resorts AC the very first casino outside of NV and CO to partner with a DFS platform. FastPick is different in that participants are playing against the house as opposed to other users. Before PASPA was overturned, this is the nearest that you could get to legal New Jersey sports betting.
The NJ Legislature passed a dream sports invoice to regulate DFS from the nation. The bill, A 3532, states that players must be 18 years old and requires certain consumer protections. Contests are allowed on both the collegiate and professional sports.