History of Sports Betting in NJ
New Jersey takes lead in sports betting and sportsbook with The Garden State offering full-scale land-based and online sports wagering options.
For years, only a few states were legally allowed to offer betting on professional and collegiate sports. When the Professional and Amateur Sports Protection Act (PASPA) was signed into law in 1992, it prohibited any state that didn’t already have sports betting legislation on their books from doing so. That meant only Nevada could continue to offer full-fledged sports betting, while Oregon, Delaware and Montana could do so as well, albeit with restrictions on the type of bets that could be placed.
That all changed back in May, when the U.S. Supreme Court ruled PASPA unconstitutional, effectively allowing states across the nation to pass their own laws regulating sports betting. The fight to overturn PASPA was led by New Jersey, and soon after the Supreme Court ruling, the Garden State was one of the first to implement full-scale sports betting, akin to that of Nevada. Other states have followed suit, but New Jersey is one of the only states in the U.S. to offer full-scale sports betting options both in person at casinos and racetracks and online as well.
Which US States Offer Sports Betting?
Currently, there are six states that offer full-scale legalized sports betting – Nevada, New Jersey, Delaware, West Virginia, Mississippi and New Mexico. Three others – New York, Pennsylvania and Rhode Island – recently passed legislation enacting sports betting regulations. Another 15 states have introduced recent sports betting bills but haven’t passed anything yet. They include California, Illinois, Michigan, Iowa, Indiana, Ohio, Missouri, Kentucky, Kansas, Oklahoma, Louisiana, South Carolina, Maryland, Connecticut and the District of Columbia. The other states have not yet introduced sports betting legislation.
NJ Sports Betting
New Jersey’s sports betting laws went on the books in June, and the first bet was placed at Monmouth Park racetrack. Since the official passage of the state’s bill, 11 casinos and racetracks have begun offering sports betting in person. William Hill operates sportsbooks at Tropicana and Ocean Resort in Atlantic City and at Monmouth Park racetrack; IGT operates the sportsbook at the Borgata in Atlantic City; DraftKings operates the sportsbook at Resorts in Atlantic City; Betfair/FanDuel operate the sportsbook at the Meadowlands racetrack; Scientific Games operates the sportsbook at Harrah’s, Caesars and Bally’s in Atlantic City; bet365 operates the sportsbook at the Hard Rock in Atlantic City; and SBTech operates the sportsbook at the Golden Nugget in Atlantic City.
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NJ Sports Betting Laws
New Jersey’s laws are non-restrictive when it comes to sports betting. That is to say the state does not restrict any major sports or teams from its betting offerings, and it does not require bettors to only place certain types of bets such as three-team parlays. Similar to Nevada’s laws, New Jersey allows single-game betting to occur on all major college and professional sports, as well as prop bets on things such as “which player will have the most passing yards” in a specific game.
When New Jersey was pushing for the overturn of PASPA for more than two years, it was seeking to do so as a way, in part, to re-invigorate its casino resort town of Atlantic City plus two of its biggest racetracks – the Meadowlands and Monmouth Park. New Jersey’s plan all along was to offer full-fledged sports betting to serve as sort of the “Las Vegas of the East.”
Once the brick and mortar sportsbooks were set up and the contracts were in place, New Jersey moved quickly to take the next step in sportsbook offerings – online wagering options. Currently, only New Jersey and Nevada offer online sports wagering, although Pennsylvania and Delaware have passed a bill to do it in their states as well.
Physically In The State
The online sports betting laws require bettors to be physically located in the state in order to place a bet. You do not need to be a resident of that state, though, so if you are visiting Nevada or New Jersey, you can place a legal sports wager online when you’re physically in that state. In order for the wager to be placed, the bettor must download an online sportsbook’s mobile app, or be on a computer and go to their website. Once there, you must allow the app or website to use location services to make sure that you are actually located in the state before it will allow you to place a bet.
Once your location has been confirmed, the online sportsbook will be available for you to make a deposit, place a bet and then withdrawal your winnings, after you’ve hopefully placed a few successful wagers.
Online Sportsbook Available In NJ
In New Jersey, there are 15 online sportsbooks that are available to customers, and each must have a land-based affiliate in order to operate. DraftKings Sportsbook became the first sportsbook to offer online wagering when it began accepting online bets on August 6. The other online sportsbooks are 888 Sport, FanDuel, SugarHouse, Betstars, Caesars, playMGM, William Hill, Golden Nugget sportsbook, bet 365, Ocean Resort, Harrah’s, Bally’s, Resorts and Hard Rock.
As the leader of the push for the overturn of PASPA and the legalization of full-fledged sports wagering, New Jersey has been very aggressive in its continued pursuit of expanded sportsbook coverage. Each month, a new sportsbook is popping up at a different casino in Atlantic City and a new online sportsbook offering is becoming available.
NJ Sports Betting In Numbers
New Jersey is expected to continue to be aggressive in the market, in large part because some estimates say that New Jersey alone could be home to a sports betting market that could bring in as much as $10 billion in wagers per year. That prediction is backed by the fact that New Jersey sportsbooks were off to a raging start over the summer.
In September, both online and land-based sportsbooks accepted almost $184 million in wagers during the first month of college and professional football. While that would be on pace for only $2.2 billion in annual wagers projected out over a year, the $184 million bet in September almost doubled the numbers of August. That just goes to show the enormous potential New Jersey has in the online and land-based sports betting market.
As such, expect to see more and more retail and online shops looking to jump in headfirst to the highly lucrative New Jersey sportsbook scene.