The state of New Jersey requires online sportsbooks to partner with land-based, licensed sportsbooks.
Bet365 struck an agreement with Hard Rock Atlantic City and is set to begin operating in 2019.
What sports and markets are likely at Bet365?
From darts to surfing, from netball to snooker, the new sportsbook is likely to offer wagering on professional sports from all around the world.
For events that land outside the standard list, which the site is expected to provide on a sidebar, players can expect a “specials” section with options such as chess, politics, and economics.
The New Jersey site may be more restrictive than its global counterpart in this regard because US law restricts betting on elections.
Punters can also expect to find markets beyond the standard money line, spread, and totals offerings.
For regular season Major League Baseball games, there will likely be around 90 pregame markets on offer.
Soccer matches typically range from 18 to 80 prematch markets, which depends on the popularity of the specific league. An even higher number of markets should be available for major events such as the World Cup.
Will live betting be available on Bet365 NJ?
Like its global counterpart, the NJ sportsbook is expected to offer live betting. The number of options available will depend on the sport and the popularity of the individual event.
For example, MLB regular season games tend to have 20 to 30 live markets available, while MLS matches may have more than 100 at any given time.
Will any multi-bet options be available?
Bet365 New Jersey is likely to be a leader in the multi-bet area because of its inclusion of banker bets. Banker bets are multi-bet wagers in which players can specify one or more bets as banker bets, which must win, and others that can lose, allowing the punter to receive a partial return.
Expect the NJ sportsbook to offer more common multi-bet options, such as parlays, teasers, if bets and reverse-if bets. Teasers should be available on American football and basketball.
Will Bet365 New Jersey offer any bonuses for new players?
The new sportsbook will likely follow the lead of the global site by offering a 100 percent match of an initial deposit of up to $30.
The match should come in the form of bet credits after meeting the wagering requirements on the deposit amount. The minimum deposit to qualify will likely be $10, which is also expected to be the minimum deposit amount on the site.
Players should be able to claim the bonus up to 30 days following registration. The bonus will probably apply to the largest deposit made in the week preceding the claim.
Some wagers are not expected to qualify toward the release of the bet credits. For example, the bets will likely need to carry minimum odds of 1-to-5.
For parlays to qualify, at least one selection must meet that minimum. Choices may also have to come from markets with only two or three outcomes, meaning that sports that have multiple entries (such as races) would not be eligible. The wagers placed with the credits will likely also have to settle within 30 days of claiming the bonus.
For wagers made with the credits, only the winnings – not the initial stakes – are expected go into the player’s account.
How will players be able to make deposits and withdrawals?
We expect the new sportsbook to follow the lead of existing online New Jersey casinos regarding deposit and withdrawal methods. If that is the case, the following deposit options will be available:
- ACH e-check
- Cash at the Hard Rock Atlantic City cage
- PayNearMe, available at all 7-Eleven stores in the state
- Visa and Mastercard; both debit and credit cards
The minimum deposit is likely to be $10 across all deposit methods. However, the maximum deposit will depend on the deposit methods. For example, PayNearMe may have a cap of $500 per transaction. All deposited funds are expected to be available for play instantly.
By contrast, we suspect withdrawals will take some time, except for those made using cash at the Hard Rock Atlantic City cage.
PayPal is likely to be available only for those who use it to make a deposit.
Players looking for other withdrawal options may choose among check, Neteller, Skrill, courier and bank deposits. Checks can take up to two business weeks to deliver; how long other withdrawal methods take remains to be seen.
In compliance with money laundering laws, Bet365 NJ will likely require players to verify their identity before they can make their first withdrawal. This verification process should involve submitting a scan of a government-issued photo ID via email or on the site.
Will the new sportsbook offer a loyalty program?
At this time, we do not expect the NJ sportsbook to offer a loyalty program.
Will there be other promotions available on Bet365 NJ?
Players can expect Bet365 New Jersey to offer several promotions. Although, the new site may tweak the ones currently available on the global site to appeal to North American players.
The promotions featured on the global site focus heavily on soccer, with four of the nine being exclusive to the sport at the time of writing. Among the others, only an accumulator bonus is offered for American sports (NFL, NCAA football, CFL, NBA, NCAA basketball, MLB and NHL).
The wagers in the applicable parlays are limited to spread/run line, puck line, totals, first-half spread, second-half spread, first-half totals, second-half totals and moneyline wagers.
A two-selection parlay carries a 5 percent bonus, which promotes with each additional entry up to a 50 percent bonus on parlays with 12 or more teams.
The New Jersey sportsbook will likely only offer promotions to new and eligible existing players. Users should be able to check their eligibility for promotions at any time by visiting the “promotions” section on their desktop or the “offers” section on mobile devices.
Will there be mobile service for the new NJ online sportsbook?
The new sportsbook is expected to offer a mobile site with access to all of the same events and markets available on the desktop version of the site.
In addition, players will likely be able to enjoy push notifications with offers, promotions and sports action. The mobile site is also expected to feature live streaming, enabling punters and fans alike to see action on-the-go and stream events that may not be available in their local TV markets.
What will the registration process look like at Bet365 New Jersey?
Assuming Bet365 NJ follows the example of its global counterpart, players can expect to see a “Join Now” link in the upper right-hand corner of each page.
Then, gamblers should be able to click on that link, triggering a pop-up window which will request their personal information (name, physical address and email address), then click on “Join Bet365” at the bottom of the page.
Finally, players should receive an email with a confirmation link that they can use to activate their account.
Frequently Asked Questions
How old will Bet365 New Jersey players have to be?
Betting will be available to players who are 21 years of age and older.
Will players have to reside in New Jersey to play?
No; anyone who is 21 and older and physically in the state of New Jersey should be able to play.
Can New Jersey residents play when they are in other states?
No; bettors have to be physically located in the state to play. The site is expected to employ geolocation technology to determine a player’s location.