NJ Sports Betting Sites New Jersey currently has 16 sports betting sites or apps approved by the DGE to accept bets, which means plenty of options for bettors. Better yet, online sportsbooks in New Jersey are among the most aggressive in terms of signup bonuses, due to both the amount of competition and favorable tax rates for operators. New Jersey sports betting suit still hopes to recover $3M December 25, 2020 TRENTON, N.J. (AP) — The new year could bring a resolution in a legal action that seeks millions of dollars from the major pro sports leagues and the NCAA stemming from their opposition to legalized sports betting in New Jersey in 2014.
Winning the Lottery or scoring on a sports wager can change your life in profound ways. Congratulations on your lucky break!
Just remember that your good fortune includes a responsibility to pay taxes and fees on those winnings.
Gambling Winnings:
In 2018, Governor Phil Murphy signed a law that authorized legal sports betting in New Jersey. The law (A4111) allows people, age 21 and over, to place sports bets over the internet or in person at New Jersey's casinos, racetracks, and former racetracks. Sports betting is now among the many forms of gambling winnings that are subject to the New Jersey Gross Income Tax, including legalized gambling (sports betting, casino, racetrack, etc.) and illegal gambling.
Lottery:
New Jersey Lottery winnings from prize amounts exceeding $10,000 became subject to the Gross Income Tax in January 2009.
Withholding Rate from Lottery Winnings
The rate is determined by the amount of the payout. If a prize is taxable (i.e., over $10,000), the entire amount of the payout is subject to withholding, not just the amount in excess of $10,000. The withholding rates for gambling winnings paid by the New Jersey Lottery are as follows:
Companies that obtain the right to Lottery payments from the winner and receive Lottery payments are also subject to New Jersey withholdings. Each company is required to file for a refund of the tax withheld, if applicable.
LotteryNew Jersey Lottery winnings from prize amounts exceeding $10,000 are taxable. The individual prize amount is the determining factor of taxability, not the total amount of Lottery winnings during the year.
Making Estimated Payments
If you will not have enough withholdings to cover your New Jersey Income Tax liability, you must make estimated payments to avoid interest and penalties. For more information on estimated payments, see GIT-8, Estimating Income Taxes.
Out-of-State Sales:
Out-of-state lottery winnings are taxable for New Jersey Gross Income Tax purposes regardless of the amount.
Gambling winnings from a New Jersey location are taxable to nonresidents. Gambling includes the activities of sports betting and placing bets at casinos and racetracks.
Calculating Taxable Income
You may use your gambling losses to offset gambling winnings from the same year as long as they do not exceed your total winnings. If your losses were greater than your winnings, you cannot report the negative figure on your New Jersey tax return. You must claim zero income for net gambling winnings. For more information, see TB-20(R), Gambling Winnings or Losses.
You may be required to substantiate gambling losses used to offset winnings reported on your New Jersey tax return. Evidence of losses can include your losing tickets, a daily log or journal of wins and losses, canceled checks, notes, etc. You are not required to provide a detailed rider of gambling winnings and losses with your New Jersey tax return. However, if you report gambling winnings (net of losses) on your New Jersey return, you must attach a supporting statement indicating your total winnings and losses.
Reporting Taxable Winnings
Include taxable New Jersey Lottery and gambling winnings in the category of “net gambling winnings” on your New Jersey Gross Income Tax return.
New Jersey sports betting set the standard for the US legal sports betting market. The Garden State led the nation in overall betting handle in every month of last year at its retail and online sports betting sites.
With more than 20 different online sportsbooks to choose from, New Jersey hosts an unparalleled online sports betting market. Mobile sports betting apps brought in well over $300 million in revenue in the state last year.
Visit: FanDuel New Jersey and get $1,000 Risk-Free Bet
FanDuel Sportsbook continued its run as the No. 1 online sportsbook in the US by market share in 2020. FanDuel Sportsbook New Jersey takes more bets than any other legal online sports betting platform in the US.
New players can unlock a risk-free bet up to $1,000 after depositing FanDuel Sportsbook. Other promotions include parlay insurance for several different sports.
Visit: William Hill New Jersey and Claim a $500 Risk Free Bet
William Hill is one of the biggest sports betting brands in the world. The William Hill New Jersey sportsbook operates as a single platform in partnership license partners Monmouth Park, Ocean Casino Resort, and Tropicana Casino Resort.
Navigating from the websites of any of these three sportsbooks all lead to the William Hill NJ site or app download. From there, the William Hill app is easy to download and use, with an easy-to-access live betting options and ongoing promotions.
Visit: BetMGM New Jersey and get up to $600 Risk Free Bet Bonus
The sports betting face of the MGM Resorts brand, BetMGM operates in New Jersey as a license partner of MGM-owned Borgata Hotel Casino. The platform offers a top-tier selection of sports, ways to bet, and deposit options.
The BetMGM welcome bonus comes as a risk-free bet up to $500. Other player offers include parlay insurance and weekly free bets.
Visit: PointsBet Illinois and get $2,000 in Risk-Free Bets
With a slick, clean look and a one-of-a-kind wagering style known as PointsBetting, the PointsBet Sportsbook brand represents one of the fastest-growing legal gambling companies in the US.
PointsBet offers several different kinds of player bonuses, which change throughout the year. The sportsbook’s latest welcome bonus comes as two risk-free bets (one fixed-odds bet and one PointsBetting wager) up to $2,000.
Visit: Draftkings New Jersey and get $1,000 Deposit Bonus
DraftKings Sportsbook offers just about anything you could want in an online sports betting platform. The brand’s expansion into legal sports betting has resulted in DraftKings Sportsbook becoming one of the industry’s most recognizable names.
New players can enjoy a 20% deposit match bonus up to $1,000. Odds boosts and referral bonuses are also frequently offered at DraftKings Sportsbook.
Known as BetRivers Sportsbook in other states, SugarHouse Sportsbook competes with anything in the New Jersey market in terms of selection of sports and player-friendly bonuses.
SugarHouse Sportsbooks offers a 100% deposit match bonus up to $250, with just a 1x playthrough requirement. Other promotions include odds boosts and pick’em pools.
Sportsbook | Welcome Bonus | Casino Partner | Launch Date |
---|---|---|---|
FanDuel | Risk-free bet up to $1,000 | New Meadowlands Racetrack | September 2018 |
DraftKings | 20% deposit match up to $1,000 | Resorts Digital Gaming | August 2018 |
SugarHouse | 100% deposit match up to $250 | Darby Development (Monmouth Park) | August 2018 |
PointsBet | Two risk-free bets up to $2,000 | New Meadowlands Racetrack | December 2018 |
BetMGM | Risk-free bet up to $600 | Borgata Hotel Casino | September 2019 |
FOX Bet | Risk-free bet up to $500 | Resorts Digital Gaming | August 2019 |
Caesars | N/A | Boardwalk Regency | September 2018 |
Monmouth Sportsbook by William Hill | Risk-free bet up to $500 | Darby Development (Monmouth Park) | September 2018 |
Golden Nugget | Risk-free bet up to $100 | Golden Nugget Atlantic City | February 2019 |
Resorts | Risk-free bet up to $250 | Resorts Digital Gaming | February 2019 |
888 Sport | Risk-free bet up to $500 | Boardwalk Regency | September 2018 |
William Hill Sportsbook at Ocean Casino | Risk-free bet up to $500 | Ocean Casino | September 2018 |
BetAmerica | 25% deposit match up to $500 | Golden Nugget Atlantic City | February 2019 |
William Hill Sportsbook Tropicana Atlantic City | Risk-free bet up to $500 | Tropicana Casino & Resort | January 2019 |
Hard Rock Sportsbook | 100% deposit match up to $1,000 | Hard Rock Atlantic City | January 2019 |
Bet365 NJ | 100% deposit match up to $500 | Hard Rock Atlantic City | August 2019 |
theScore Bet | Risk-free bet up to $500 | Darby Development (Monmouth Park) | August 2019 |
Borgata Online Sports | N/A | Borgata Hotel Casino | August 2019 |
Wynn Bet | Risk-free bet up to $500 | Boardwalk Regency | August 2020 |
Unibet | Risk-free bet up to $250 | Hard Rock Atlantic City | November 2019 |
Tipico Sportsbook | Match bet up to $100 | Ocean Casino Resort | December 2020 |
The full list of New Jersey’s online sportsbooks, displayed above, regularly updates here on Gaming Today. The welcome bonuses differ at each platform, so be sure to check back on this page for the latest information.
New Jersey hosts the largest selection of sportsbook apps of any US state, with more than 20 different options.
Once you’ve evaluated the welcome bonuses and chosen a sportsbook, you can use several different methods to fund your new account.
PayPal, ACH/eCheck, credit/debit cards, and Play+ represent some of the best and fastest ways to make a deposit. Once approved, these methods put the money in your player balance immediately.
New Jersey’s online sportsbooks use geolocation technology to determine your location whenever you try to make a bet.
State law mandates that only wagers coming from within New Jersey borders qualify as legal bets. If the geolocation service determines that you’re outside of New Jersey, you won’t be able to bet.
Signing up for a new account at an online sportsbook takes just a couple of minutes. You’ll need a valid email address, as well as proof of age and identity.
A driver’s license or state-issued ID generally suffices to fulfill these requirements. Once the sportsbook verifies your documents, you’re free to deposit and start making bets.
Online sportsbooks generally display available bets in a user-friendly fashion, requiring players to simply click on whatever line they’d like to bet.
Once you’ve selected a bet, the terms of the wager will appear on a bet slip, usually at the right of the screen. Once it’s there, confirm the bet and send it to the sportsbook.
New Jersey’s state-regulated sportsbooks put world-class, legal online sports betting at your fingertips. The New Jersey Division of Gaming Enforcement (DGE) regulates all online gambling products in the state.
Under the oversight of the DGE, legal sportsbooks operate with an obligation to provide security of player funds and personal information, as well as prompt and fair payouts.
Offshore sites guarantee none of these things, nor do they have to. These platforms operate outside of the jurisdiction of federal law.
Players are responsible for paying applicable state and federal taxes on sports betting winnings. New Jersey’s mobile sportsbooks automatically withhold federal taxes on winnings of $5,000 or more.
New Jersey started 2020 as the top revenue-earning sports betting state in the US. The Garden State maintained that status throughout the year, topping all states in betting handle in every month of 2020.
The overall betting handle came in at over $6 billion in New Jersey in 2020. The state took in $398.5 million in sports betting revenue for the year.
Just under $360 million of that revenue figure came from mobile betting. That number amounts to 90% of sports betting revenue coming from online sportsbooks in New Jersey.
New Jersey sets the bar for sports betting in the US, leading the boom in mobile wagering. Pennsylvania stands as the closest neighboring state with a market comparable to New Jersey. New York offers retail sports betting but has yet to launch online sports betting in the state.
The Keystone State launched sports betting in May 2019. Both retail and online sports betting are legal under Pennsylvania law.
Most of the state’s 13 land-based casinos offer retail sports betting. Mobile wagering dominates the Pennsylvania market, however, with 90% of the overall betting handle coming from online sportsbooks.
Pennsylvania plays home to 10 different online sports betting platforms. November 2020 saw the state’s online sportsbooks produce $31.18 million in revenue, a new monthly high for the state.
New Jersey topped thelist of US states in online betting handle for October 2020, with just under $744 million wagered online. Pennsylvania ($472.2 million), Illinois ($409.5 million), and Nevada ($376.8 million) rounded out the list as the top four online sports betting markets in the US for October.
The list of ways to define New Jersey’s success in online sports betting is incredibly long. The Garden State provides the model that all other states aspire to copy for their mobile sports betting industries.
The state produced just under $400 million in sports betting revenue in 2020. Just under $360 million of that revenue came from online sportsbooks.
Competition proves lucrative for New Jersey’s online sports betting market. State laws allow for land-based casinos to license multiple brands per operator.
The result of that model sees more than 20 different online sportsbooks competing for market share. FanDuel and DraftKings dominate in the state, but New Jersey sits as the land of opportunity for other sports betting brands as well.
It’s tough to find anything that counts as a “failure” for New Jersey’s sports betting industry. However, the state’s run as the No. 1 US sports betting market could get some competition if New York moves forward with online sports betting.
At least some of New Jersey’s industry-leading revenue numbers come from New York bettors taking the short trip to the Garden State to place legal online bets.
New York Gov. Andrew Cuomo recently reversed his longtime stance against online sports betting and now wants to bring it to New York. Legal mobile betting in New York could affect New Jersey’s bottom line significantly.
New Jersey stands at the forefront of the push to legalize online gambling in the US. The state gave the green light to online casinos and poker in 2013.
The fall of the Professional and Amateur Sports Protection Act (PASPA) paved the way for the modern US sports betting boom. PASPA went into effect in 1993,outlawing sports betting in all but four states.
Nevada, Montana, Delaware, and Oregon were exempt from PASPA, but other states weren’t permitted to offer sports betting under the language of the act. That changed with the US Supreme Court declaring PASPA unconstitutional in May 2018.
New Jersey already had the pieces in place for a sports betting launch, anticipating the overturning of PASPA. The state legalized both retail and online sports betting just one month after the PASPA ruling.
The state’s retail sportsbook opened days later, and the first of New Jersey’s online sports betting platforms launched in July 2018.
When launched, the New Jersey Department of the Treasury aimed to hit a $25 million goal in overall tax revenue for fiscal year 2019. By comparison, online and retail sports betting doubled that goal in the 2020 calendar year, producing more than $50 million in revenue.
The New Jersey Devils aren’t the only professional sports team that plays in the Garden State, but it is the only franchise officially calling itself a “New Jersey” team.
Founded in 1974, the Devils enjoy a loyal fanbase and play at the Prudential Center in Newark. New Jersey hockey fans have seen the Devils win three Stanley Cups, five conference championships, and nine division titles over a nearly 50-year history.
Those accolades don’t include the seasons from 1974-1982, in which the franchise wasn’t quite yet “New Jersey” or the “Devils.” The team’s roots go back to 1974 when the organization was founded as the Kansas City Scouts.
After a move to Denver in 1976, the franchise found its permanent home in New Jersey in 1982. The Devils form a natural rivalry with the New York Rangers, colloquially known as the “Battle of the Hudson River.”
The Devils’ last Stanley Cup Finals appearance came in the 2011-2012 season. The next time New Jersey makes a playoff run, state sportsbooks will offer wagering on all rounds of the playoffs.
Both the New York Giants and New York Jets play at MetLife Stadium in East Rutherford, New Jersey. Both franchises still identify as “New York” football teams, but both claim large fanbases in New Jersey.
The NBA’s Brooklyn Nets played in New Jersey from 1977-2012. The formerly-known New Jersey Nets’ move to Brooklyn doesn’t diminish the team’s following in its previous home of New Jersey, however.
Other New York sports franchises, like the Yankees and Mets, hold large fanbases in New Jersey.
New Jersey laws don’t allow for betting on in-state college programs in any way. As such, you won’t find New Jersey-based programs like the Rutgers Scarlet Knights, Seton Hall Pirates, or Princeton Tigers on the betting boards at New Jersey’s retail or online sportsbooks.
Plenty of other local college programs still offer betting opportunities, however.
Just over the New Jersey border lies Philadelphia, a city with one of the nation’s richest college basketball traditions. The Villanova Wildcats represent one of the Philadelphia Big Five, a group of hallowed Philadelphia-based men’s college basketball programs.
Villanova won a pair of National Championships in the 2010s, coming in 2016 and 2018. The Wildcats clinched NCAA Tournament berths in 14 of the past 15 years (excluding the canceled 2020 tournament).
March Madness is open for betting at New Jersey sportsbooks, even if in-state programs are in the field. Villanova’s next Final Four run will offer numerous ways to bet at New Jersey online sportsbooks.
Like Villanova, the St. John’s University men’s basketball program plays in the Big East Conference. Located in Queens, New York, the Red Storm claim two Final Four appearances, three conference titles, and 30 NCAA Tournament appearances.
The Red Storm ended the 2019-2020 season as the ninth-winningest men’s basketball program in NCAA history. St John’s last March Madness appearance came in 2019.
Aside from the four major sports leagues, just about every other sport imaginable is open for wagering at New Jersey’s online sportsbooks.
MMA, NASCAR, golf, tennis, soccer, and more await on the betting menus of New Jersey’s sports betting platform. This includes NASCAR events held at New Jersey Motorsports Park.
All other sporting events taking place within New Jersey are open for betting, with the exception of college sports contests. College games held in New Jersey aren’t eligible for legal wagering, whether they involve New Jersey-based programs or not.
If an NCAA Men’s Basketball Tournament bracket played out at the Prudential Center in Newark, for example, none of those games would appear on the boards at New Jersey’s sportsbooks. The restriction applies to both retail and online betting.
Yes. New Jersey stands at the front of the curve in the US legal online sports betting industry. More than 20 different mobile sportsbooks operate in the state.
All approved online sportsbooks bear the seal of approval from the New Jersey Division of Gaming Enforcement. Any online gambling site not displaying this seal is conducting business illegally in the Garden State.
21 or older. The minimum age to place online sports bets is 21, mandated by New Jersey law.
To register for an online sportsbook account, you must provide proof of age and identity.
Yes, but not on New Jersey-based college programs or events. Aside from those restrictions, all other college sports events can legally be wagered in New Jersey.
Any sportsbook offering bets on New Jersey-based teams or events is operating illegally.
No, you just need to be located within New Jersey when you place a bet. Visitors from other states, including neighboring states like New York, can legally wager at New Jersey’s online sportsbooks.
Legal mobile sportsbooks use geolocation technology to determine a user’s location at the time of a bet. If the geolocation services can’t detect that you’re in the state, you won’t be able to bet.
Yes. DraftKings Sportsbook debuted in New Jersey in August 2018 as one of the first online sportsbooks to go live in the state.
DraftKings Sportsbook represents one of the most popular choices for legal online sports betting in New Jersey. The platform operates under a licensing partnership with Resorts Digital Gaming.
Yes. FanDuel Sportsbook launched in New Jersey in September 2018. The FanDuel Sportsbook NJ platform anchors the brand’s status as the No. 1 online sportsbook in the US by market share.
FanDuel Sportsbook operates as a license partner of New Meadowlands Racetrack.