Top 5 New Jersey Online Sportsbooks
Is online sports betting legal in New Jersey?
Online sports betting in New Jersey became legal in 2018. The state has since licensed and regulated over 15 online sportsbooks.
It’s important to know the difference between legal, licensed sportsbooks and illegal, unlicensed sportsbooks. At illegal sites, you have no way of knowing that your funds are safe and that you’ll get paid if you win. At legal sites, your money and personal information are protected.
We only list legal sportsbooks that are properly licensed and regulated by the state of New Jersey.
How do I know I can trust NJ online sportsbooks?
When you’re betting on sports at one of the legal, licensed online sportsbooks listed above, you’re doing business with a heavily regulated company. Their security and software have been tested by the exact same regulators who oversee sports betting and casino play at Atlantic City casinos.
These sportsbooks are required by law to protect your personal information the same way that a regulated financial institution is required to protect your information. And these sportsbooks are required to keep your funds separate from operating funds, meaning you never have to worry about the safety of your money.
Best of all, if you have a problem with a legal sportsbook, you have a clear process for notifying state regulators about the problem and a system for resolving those problems. You’re not going to get that kind of assurance with an illegal sportsbook.
What is a risk-free bet? How does it differ from a free bet or match bonus?
Online sportsbooks offer a few basic kinds of promotions. Here’s a quick guide to understanding the bonuses mentioned above.
- No deposit bonus or bet: Does not require you to make a deposit to claim. Money can be used to bet, but cannot be cashed out.
- Match bet or bonus: Requires you to make a deposit. The site then matches your deposit at a certain percentage up to a certain amount with bonus money that can be used to bet.
- Risk-free bet: Requires you to make a deposit and place a bet. If you lose the bet, the site will refund you some amount of the bet (or up to a certain limit). The refund may be in the form of bonus money that can be used to bet again but cannot be cashed out.
Be sure to visit the site for full terms and conditions on any bonus offer.
Are DraftKings and FanDuel legal in New Jersey?
Yes. Both the DraftKings sportsbook and the FanDuel online sportsbook are licensed and legal in New Jersey.
That means you can place real-money sports bets at either site from within New Jersey and feel confident that your money is safe, the games are fair, and that a team of regulators is monitoring the companies to ensure that they’re doing right by their customers.
In fact, DraftKings and FanDuel were among the first online sportsbooks to launch in New Jersey’s legal sports betting market. DraftKings came first in July of 2019, and FanDuel followed closely behind.
The two have both captured a strong share of the New Jersey online sports betting market, with hundreds of thousands of customers wagering nearly a billion dollars at the two sites over the course of the last year.
While some illegal sites may claim to be regulated, the fact is that their license is usually from some small jurisdiction halfway around the world that doesn’t provide you with any real options if you have a problem.