Legal New Jersey Sports Betting

The topic of legal New Jersey sports gambling finally pushed its way through to the mainstream, as the nation challenged the restrictive Professional and Amateur Sports Protection Act (PASPA, 1992) all the way to the Supreme Court, coming out on top in the end. On May 14, 2018, the SCOTUS overturned PASPA as unconstitutional, thus allowing New Jersey — and the rest of the countries in America — to legalize and control their own sports gambling industries. With the thriving Atlantic City gaming market and several historic racetracks throughout the state, the sector for legal sports betting in NJ has the potential to overshadow that of Nevada.
Despite PASPA’s overturn, to understand legal sports gambling in New Jersey, it can be handy to learn about specific other federal and state laws. Becoming familiar with the present state of legal New Jersey sports gambling will give you a much clearer image of how and where you can bet on sportsbetting. Yes, it is simpler than ever to bet on sports in NJ, but there is still some background that all responsible gamblers should know about.
Is Land Based Sports Betting Legal In New Jersey?
Land-based sports betting is now legal in New Jersey! While PASPA was in effect, the sole states granted exemption were those 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 to the law, although NV was the only state with single-game wagering (aka full-service sports betting).
Paradoxically, the one-year grace period from the time PASPA was signed (October 28th, 1992) to the effective date was especially supposed to allow the state of NJ to enact their particular sports gambling laws. But, lawmakers inexplicably failed to pass some other sports betting laws throughout the window, which led to the country falling under the umbrella of the federal ban. Over the ensuing 25 years, NJ legislators have worked tirelessly to get the prohibition raised. Now that they have done just that, you can enjoy land-based, lawful New Jersey sports gambling all across Atlantic City and throughout the rest of the state. State-based online sports gambling is also an option in New Jersey, and the sky’s the limit for how far the business can continue to go.
Is Online Sports Betting Legal At New Jersey?
Internet gambling has been legal in the country for decades, but online sports gambling has only recently been made legal in New Jersey. Policymakers had driven lawful New Jersey sports betting websites that would be governed by the nation long before PASPA was removed, and with the national ban no more standing whatsoever, NJ residents can wager at any variety of casino-affiliated online sportsbooks. The catch is this to install an account, online bettors in NJ ought to really visit all those novels’ associated casinos to register. However, withdrawals may be requested via email, so at least some measure of extra advantage is in place in that regard.
All that said, it is important to note that despite the proliferation of neighborhood online options (and an obvious state interest in promoting these choices ), there’s been no legislation enacted or even 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, especially when it comes to actions on local groups (since there is no home-team skew on the gambling boards, forcing up the vig, or house take, to compensate). Additionally, these overseas websites are licensed and run by local gaming jurisdictions in their own home states, and every operator is licensed to take players in the USA.
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New Jersey Sports Betting Revenue
New Jersey is in a league of its own (excluding Nevada) when it comes to the sheer volume of sports wagering. When some countries are just breaking even or failing to live up to sports gambling revenue expectations, New Jersey has seen their manage surpass $1 billion since the beginning of 2019, with roughly 80% of it coming from online sports betting. Meadowlands and Resorts Casino (through their online skins) are accountable for three-quarters of revenue since the business launched in June 2018. Insert in Monmouth Park and Ocean Resorts and these four sportsbooks account for over 90% of the entire tax gifts.
Where To Bet On Sports In New Jersey
The greater question would be,”Where can’t you wager on sports in New Jersey?” Now that the action was legalized, you can bet on sports in NJ at numerous physical locations, including each of the casinos around the Atlantic City strip, The Meadowlands, and Monmouth Park. You may also bet on sports through numerous neighborhood Internet-based books wherever you’re in the state, and needless to say, the offshore option is always right at your fingertips anywhere you’ve got a data or Wi-Fi link.
The only venue in New Jersey that does not offer sports wagering (yet) is the Freehold Raceway, although website officials are still working hard to deliver sports betting to the historical place ASAP.
Where’s The Closest Place To Me To Bet?
Finding the nearest place to wager in New Jersey is easy wherever you reside within the country: Atlantic City and the set of centrally-located racetracks at NJ (The Meadowlands in East Rutherford and Monmouth Park in Oceanport). Please notice: If you also wish to enjoy casino gambling along with your sports betting, casino activity is restricted to the AC strip area, so all you need to do is select your casino and drive to the city.
All of the casinos in AC have loads of table games for gamers to choose from, but the real highlight lately has become the many different, competing sportsbooks that these websites offer. Additionally, using 10 casinos around the AC strip (as well as the majority of them offering online sports gambling elements ), New Jersey is one of the simplest places to shop lines among real physical venues, providing you a sports betting edge that you can 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 Gains For March 2019:
Although the fledgling New Jersey sportsbooks took a bit of a bathroom during the Super Bowl in January (which, paradoxically, is the direct reverse of”cleaning up”), the boat has since been righted — and then some! On the heels of March Madness (the second-most-popular sports wagering occasion on the US calendar), NJ sportsbooks took in a total monthly handle of $372,451,342. This eclipses February’s record handle by over $52 million. Obviously, sports betting in NJ is hugely popular, and it is only picking up steam.
Concerning revenue, March’s figures include $31.7 million in total take across all 10 retail sportsbooks and 13 online sportsbooks that function in the nation. Together, NJ sportsbooks held 8.5% of wagers, which is above the average 6-7% speed achieved by most novels in most areas. The biggest individual winner for the month was FanDuel, which operates The Meadowlands’ sportsbook on-site and online. FanDuel took in about $17.5 million of the total sports gambling revenue in the country, while its competitor DraftKings came in second with just over $7.3 million in earnings. These two books control 78% of the New Jersey sports gambling market.
Broken down by phone , the numbers reveal just how important statewide Internet-based wagering would be to countries that want to legalize sports wagering. In New Jersey, three weeks of March Madness activity resulted in massive standing-room-only audiences at physical sportsbooks throughout the state, which were pushed beyond capacity for much of the month. However, $298,282,154 was nominated on the internet by patrons that could not make it into a proper gaming place. This is entirely 80 percent of all wagers placed in the state. In other words, at maximum capacity throughout a popular tournament, local novels only processed 20 percent of all wagers made by NJ residents. For any state that wants to maximize its own sports wagering taxation revenue, New Jersey is Exhibit A in why mobile should be an absolute priority.
New Jersey Sports Betting Websites There are two kinds of New Jersey sports gambling sites: those who are and are not regulated by the state authorities. The state-regulated websites ask that you sing up on-site, but after that, you can wager from anywhere in the state. However, you must still physically be located within New Jersey’s borders, along with the Interstate Wire Act remains in effect.
The other kind of NJ sports gambling sites are the offshore options. These sites are operated offshore in locations such as Costa Rica where online sports gambling has been permitted for decades. Such sites offer betting lines on all of your favorite sports, ensuring that you can wager on the New Jersey Devils and other teams. The action is exactly the same that you’d find 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 in state-sanctioned websites.
Joining an overseas sports betting site in NJ is easy to do: Simply find a sportsbook that suits your needs and sign up. It is that simple. Accounts require 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 united states, and each of the top brands are 100% safe, secure, and authorized to use.
New Jersey Sports Betting And Gambling Laws
New Jersey sports gambling and gaming laws have become a national talking point and hot-button political problem over the last several years from the push to establish lawful New Jersey sports gambling. Initially, all gambling was legal in the state, but in 1894, all gaming was banned. Back in 1939, horse racing gambling (pari-mutuel betting) was re-legalized, and shortly afterwards, most charitable gaming (bingo, pull-tabs, raffles) was also approved.
The state lottery was legalized in 1970 with broad public support, and in 1975, NJ made history by introducing the Pick-It, which was the first lotto system in America that enabled players to choose their own numbers. In 1976, New Jersey voters approved a referendum allowing casino gaming to be made legal in the country, provided each 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 gambling from the state. The legal challenges by different sports leagues (such as the NFL, NBA, MLB, NHL, and NCAA) dragged on for a further six years, leading to the landmark SCOTUS ruling announcing 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 bet on sports at 21, makes it unlawful to wager on NCAA contests held inside the state of NJ, makes it unlawful to wager on NJ collegiate teams regardless of where they play, and wagering on eSports is also contrary to the law. Further, the legislation mandates an 8.5% taxation rate on physical sportsbook revenue and a 13% taxation rate on Internet-based sportsbook earnings.
What Teams Can I Bet On?
New Jersey’s close proximity to the Empire State sets it in a exceptional position when it has to do with the teams that citizens bet. The country is a bit of a mixed bag, with all the teams that sport fans root for determined by that side of the country they live. By Way of Example, in South Jersey, Nearly All sports fans root for the Philadelphia Eagles.
Making things more intriguing is that MetLife Stadium in East Rutherford is 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 from the MLS. At sportsbooks, you’ll find gambling odds on just about any professional and collegiate team that you could think of (although NJ-based teams can only be wagered on through offshore places because of state legislation ). Here are the most popular teams that NJ residents bet on:
Popular Guru + College Teams To Bet On In New Jersey
Rutgers Scarlet Knights (Big 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 banned in 1894 and then legalized formally in 1939. However, during the ban, betting the ponies was extremely popular in the nation. The first horse race trail has been Freehold Raceway (which is actually the first business horse racing track in US history, having first opened its doors in the 1830s), and there are presently a total of three tracks where patrons can bet on the horses. The state also has a handful of OTB gaming places where you could enjoy food, drink, and a good deal of races.
New Jersey residents can also use online racebooks when not spending the afternoon at the races. You’ll receive excellent horse betting odds, horse racing results, and live streams to keep you up on all the actions at any leading offshore sportsbook service. Mobile racebooks make setting straight or exotic horse bets much more convenient, providing immediate accessibility to significant tracks from the palm of your hand through cutting-edge cellular gambling. These horse racing gambling sites provide you the most flexibility when betting on the Sport of Kings.
Daily Fantasy Sports In New Jersey
New Jersey wasn’t the first nation to regulate daily fantasy sports, but they’ve become leaders using their innovative DFS solutions. The country launched FastPick, a parlay-style daily dream sports stage. The product made Resorts AC the first casino outside of NV and CO to partner with a DFS platform. FastPick is different because participants are playing against the house rather than 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 state. The bill, A 3532, says that players should be 18 years old and requires certain consumer protections. Contests are allowed on both the collegiate and professional sports.