New Jersey Online Sports Betting
New Jersey passed sports betting legislation through the State Assembly and the Senate (both unanimously) on June 7 2018. The law across New Jersey clearly makes life much simpler for would-be sports bettors;
- Allowing for licensed state casinos and horse racing tracks to support land-based, mobile, and online sports wagering.
- Prohibits casinos/racetracks that own a sports team from participation in sports betting. Limitations also exist for potential operators who may have a vested interest in a sports franchise.
What is Legal to bet on in New Jersey
|Gambling Type||Legal Land-Based||Legal Online|
|Fantasy Sports (DFS)||N/A||Yes|
New Jersey Gambling Tax Rate
Online Gambling – Tax on Winnings in the state of New Jersey is 15%.
Land-Based Gambling – Tax on Winnings in the state of New Jersey is 8%.
Large gambling wins over $1200 may be subject to Federal Taxes.
What is the Gambling Age in NJ
Betting on Sports in New Jersey
Many sportsbooks have already been opened for New Jersey residents in the first few months of legal sports betting since June 2018 and more are scheduled in the near future. Hundreds of millions of dollars have already been won, and critically, the state of New Jersey has also collected plenty of revenue to assist in providing better services to the state’s residents.
Every licensed casino and racetrack in the Garden State can offer sports betting, provided they are approved to do so. Most importantly for regular casino goers in New Jersey that includes Atlantic City casinos (a total of 6 of the 9 New Jersey Casinos operate land-based sports books), as well as three of the state’s racetracks – Monmouth Park, The Meadowlands, and Freehold Raceway.
New Jersey Online Sports Betting Laws
The New Jersey sports betting law allows for online and mobile betting anywhere within the state’s borders is protected by geolocation software.
New Jersey’s legal sports betting market is structured in such a way that it allows a number of online brands to compete in the Garden State. Key licenses to operate online sports betting are restricted to the state’s land-based casinos and racetracks. Each key license holder is permitted to establish to three unique sports betting brands online and may partner with external brands.
This effectively means that the maximum number of online sportsbooks possible in New Jersey is a ceiling of 42. New Jersey may not see all 42 spots claimed, however, with new sportsbooks opening regularly (at least 10 more on the cards before the start of 2019-20 NFL season), it may get close.
Fantasy Sports Laws
Fantasy sports betting has long been exempted from all U.S. federal legislation as it has been generally considered to be a contest of skill, not a game of chance. A few of the more conservative U.S. states prohibit fantasy sports, however, New Jersey never made a move to put an end to Fantasy Sports Betting.
Quite to the contrary, as a matter of fact, New Jersey passed state legislation in 2017 to formally legalize and regulate fantasy sports.
The new law was picked up quickly by Atlantic City’s Casinos in the summer of 2017 as new ‘Fast Pick’ Fantasy Betting Products were quickly introduced just in time for the MLB All-Star game.
Daily fantasy sports (DFS) sites must be licensed to operate in New Jersey and are subject to numerous consumer protection regulations. Requirements include;
- All sites be licensed with a permit to operate legally in the State of New Jersey,
- They must only accept players over 18,
- They be subject to independent audits,
- They keep players’ funds in a separate account from operator funds (in order to protect customers’ deposits) and;
- They put in place responsible gaming protocols.
A major difference in the New Jersey Daily fantasy sports (DFS) legislation to most states is that Fantasy Sports Betting are allowed on U.S. college sports, including U.S. college football and U.S. college basketball, including March Madness and the Final Four.
Online Players have been able to play DFS online in New Jersey for years prior to the 2018 bill and little has changed now. The biggest DFS sites applied for licenses immediately once the legislation was passed in 2017 and all are currently authorized to continue holding DFS contests in New Jersey.
Esports Online Betting Laws
Following the Federal Supreme Court ruling for Sports Gambling in May 2018, New Jersey was among the very first U.S. states to have legal eSports gambling offered as an option for its residents to legally place wagers on.
As legal online sportsbooks have already begun, we expect eSports betting to lead the way as an exotic form of sports betting for aficionados of the quickly growing sport, and a lucrative potential money-winner for all NJ Sports Bettors.
eSports has transformed video game playing at its highest levels into a mainstream professional sport. In some game-play scenarios, it’s played on an individual level, however, mostly it’s played by teams with corporate sponsors and across different leagues and tournaments.
The electronic games themselves are like the different sports types. For example, in eSports, League of Legends and Call of Duty are equivalent to, say, football and basketball.
eSports is the broad overarching term and theoretical concept, whilst the different game types are seen as the individual types of sports.
Betting on eSports is growing rapidly and continues to gain in popularity virtually on monthly basis, and an increasing number of online sportsbooks offer a range of betting market action across all major eSports tournaments.
More than $100 billion in gambling revenue will be spent on eSports wagers in 2018, and as such, eSports represents the highest-level competition in gaming today including the best and most professional game players in the world.
Betting on eSports is already available at our recommended range of online casinos for New Jersey players.
Horse Racing Betting is legal (both on course/track side and online) for all residents of the state of New Jersey. Federal laws allow each state to determine the legality of horse racing betting and most states allow their residents to wager on horse races both Track side, Off Track Betting and online. Many of the largest horse betting websites across the United States have a presence in the state of New Jersey, given the Garden State’s long history with the development of horse racing and horse racing betting across the United States.
New Jersey is home to four live racing venues that accept wagers on horse races. Horse racing in the state is regulated by the New Jersey Racing Commission and administered under the auspices of the Office of the Attorney General.
Off Track Betting (OTB)
Off-track wagering and simulcasts are offered at 5 locations across the state of New Jersey. Wagering on races in New Jersey and all racing locations around the world are all available.
Online Horse Racing
All major U.S. online horse racing betting sites accept customers from New Jersey. Each of the major online horse racing betting sites are all headquartered in the United States and all hold licenses to offer real money bets on horses and greyhounds for New Jersey residents.
Visit our New Jerseys Online Gambling page to read more about the online casino laws in the garden State