Best New Jersey (NJ) Sports Betting Apps 2021

Below is a summary of the best online sportsbooks currently available in New Jersey.

Some of the most basic terms in sports betting are: favorite, underdog, spread, puck line, run line and live betting.

• Favorite: The team that is expected to win the game.
• Underdog: The team that is expected to lose the game.
• Spread: A number that estimates how many points the favorite is expected to win by and how many points the loser is expected to lose by.
• Puck line: The spread for hockey games. Typically hockey puck lines are almost always set at + or - 1.5 goals.
• Run line: The spread for baseball games. Typically baseball run lines are almost always set at + or - 1.5 goals.
• Live betting: Placing a wager on a game that has already started. This is also called in-play wagering.

Need more education, our guide on sports betting 101 breaks down the most common bet types. More of a visual person? Here's a YouTube video covering moneyline, spread, and total bets.

Here are six general tips if you’re new to sports betting: learn how to read betting odds, understand how risk-free bets work, don’t chase your losses, look at injury reports, be careful when live betting, and hedge your bets.

• Learn how to read betting odds. Knowing how to read odds is essential before you start betting. Our guide on how to read odds will teach you all the basics before you get started.
• Understand risk-free bets. Most sportsbooks offer risk-free bets as welcome promotions for new customers. When you deposit money with a sportsbook for the first time, your first bet — and only your first bet — is deemed risk-free. If a sportsbook is offering a $500 risk-free bet and you bet $500 on a team to win, if that team wins, you collect your winnings, and that’s it. The promotion is over. If you lose your first bet, your $500 will be refunded to you. However, how your $500 is refunded varies from sportsbook to sportsbook. Some sportsbooks will refund the money to you all at once, while others break up that $500 into one or multiple bets. Either way you are forced to roll the money over.
• Don’t chase losses. If you’re on a losing streak, don’t bet two or three times as much as you normally would to make up for your losses. Instead, take off a day or two to reevaluate the bets you’ve been making. Look for patterns. For example, do you keep betting the same team every week? Maybe it’s time to switch things up.
• Be careful when live betting. Along the lines of chasing losses, don’t fall victim to live betting your team every time they fall further and further behind in a game. If you see an opportunity once or twice in a game to live bet a team at a good price or to hedge another bet, by all means take it. But mindlessly doubling down on your bet every time your team falls behind is a quick way to lose a lot of money.
• Look at injury reports. If a betting line looks off, there’s a good chance one team could be dealing with injuries. Knowing whether or not a star player is going to be active is important, especially in sports like basketball or football. BoydsBets does a great job of covering injuries.
• Hedge your bets. Most sportsbooks allow you to cash out bets before the game ends. By settling or amending the original bet (or a portion of the bet) before the event has concluded, bettors can lock in a profit or a loss. For example, let’s say you bet $20 on the Dolphins to beat the Jaguars at +100 odds (a $20 bet wins $20). At the end of the 3rd quarter the Dolphins are winning 30 - 20. You could hedge your bet by cashing out your ticket early or placing a live bet on the Jaguars at increased odds. Either way, hedging gives you the opportunity to guarantee a profit or minimize your losses.

To bet on sports online in New jersey you need to 1) create an account, 2) fund the account, 3) add your bet(s) to the betslip, 4) select the wager amount, and 5) finalize the bet.

1. Create an account. Every online sportsbook has a website or mobile app. To create an account you’ll need to provide your name, address, phone number, and email address. Some sportsbooks might ask for more information, such as Social Security number, which is normal.
2. Fund the account. There are many ways to deposit money into your newly created account, including using a credit/debit card, PayPal, ACH bank transfer (e-check), a Play+ Card, and PayNearMe.
3. Add your bet(s) to the betslip. To do this, click on the sport that you want to bet on. Then, scroll until you see the game that you want to wager on. Now, scroll through the bets until you find the one that you want to place (e.g., spread, moneyline, total).
4. Select the wager amount. Enter the amount of money you want to wager. The bet slip will display your total wager and potential payout. Keep in mind that the potential payout includes the money that you’re wagering. For example, in the screenshot below, you’re betting $10 to win $8.80. Thus, the potential payout is $18.80 (your total wager — $10 — plus your potential winnings — $8.80).
5. Finalize the bet. Place your bet and set an alarm for game time!

Those are the five official steps on how to place a bet. Depending on the outcome, however, there’s one more step, and that is to either collect your winnings — or lick your wounds.

If you don’t win, you can replay that tragic 4th quarter fumble over and over in your mind. (Been there.)

If you won your bet you can either withdraw your winnings or leave them in your account to bet again. To withdraw your winnings, navigate to the cashier portion of the app and select your method of withdrawal and withdrawal amount (I recommend linking an online bank account). Here’s a video on how to deposit and withdraw money from FanDuel Sportsbook. Note: some sportsbooks impose minimum withdrawal amounts of $5 to $10.




Gallery

The easiest way to deposit and withdraw money is by 1) linking an online banking account 2) selecting the amount you want to deposit or withdraw 3) login to your bank 4) select the proper account 5) deposit or withdraw funds.

Options vary a little among sportsbooks, but the most common options in Illinois are online bank transfers, debit/credit cards, PayPal, prepaid gift cards, and cash at casinos that have partnered with online sportsbooks.

Here's a video showing how to do deposit and withdraw money at FanDuel Sportsbook.

In New Jersey sports betting winnings are taxed at your regular rate of income, plus an additional 3%. Only your winnings are taxed, not your original bet.

For example, if you bet $100 to win $100 (+100 odds) you will only be taxed on the $100 you won, not the $100 you staked for the bet. Using income tax brackets from Kiplinger, an individual making between $9,876 and $40,125 annually would be taxed at a rate of 12%. Tack on the 3% for New Jersey and you're looking at a 15% tax rate on your winnings. Using the example above, you would have to pay $15 on the $100 you won.

When tax season comes around, each sportsbook you have an account with will send you a Form W-2G. Form W-2G is used to report gambling winnings and gambling losses, which may be deductible if adequately itemized.

Anybody who is 21 years or older can bet on sports in New Jersey. As long as you are 21 and within state lines, you do not have to be a New Jersey resident to bet on sports.

If you live in New Jersey and travel to a state that does not have legal betting, you will not be able to bet. Your phone or laptop uses geo-technology to make sure you are within state lines. The only people prohibited from betting on sports include athletes, coaches, refs, and other related personnel.

Currently, New Jersey residents are prohibited from betting on any college games played in New Jersey. Also, betting on college teams from New Jersey is not permitted. This means you cannot bet on Rutgers, Seton Hall, Farleigh Dickinson, Monmouth, or Princeton, regardless of where they play.

Residents of New Jersey can bet on sports in-person at the following casinos. You can bet at any of these casinos regardless of what mobile app(s) you use and vice versa.

• Bally’s Casino - Atlantic City
• Borgata Casino - Atlantic City
• Golden Nugget - Atlantic City
• Harrah’s Casino - Atlantic City
• Meadowlands - East Rutherford
• Monmouth Park - Oceanport
• Ocean Resorts - Atlantic City
• Resorts Casino - Atlantic City

While a majority of sports bettors lose money, there are some professionals who bet on games and earn enough to make a living. Professional handicapping is a full-time job in itself; handicappers typically spend hours analyzing games and data trying to find an edge over the books. Even professionals are happy to get more than 55% of their bets right over an extended period of time. So, while technically speaking you could get rich from sports betting, it is highly unlikely.

DraftKings is the complete package for both new and experienced sports bettors. The variety of sports and bets offered, the outstanding education and statistics, and the unique live betting experience make DraftKings a winner in 2021. /redirect/60afcafe6bfa09eb76787c83?ref=guide&broker=draftkings-sportsbook&page=/guides/best-new-jersey-sportsbooks&geo=US

Minimum deposit: $5

DraftKings Sportsbook Pros
1) DraftKings offers the widest variety of bets I’ve seen so far from a sportsbook. DraftKings offers betting pools, daily fantasy sports, instant bets, and a Sports Betting National Championship contest in addition to all standard bet types.
2) While DraftKings provides top-notch mobile betting and live betting, I was most impressed by the sportsbook’s pre-game statistics and betting trends. DraftKings is in a class of its own in this category, giving users statistics, injuries, team standings, and betting insights to make informed bets. No other sportsbooks offer the same quality or quantity of useful pre-game information.
3) Daily promotions are available for customers, including profit boosts, risk-free bets, and parlay insurance, amongst others.

DraftKings Sportsbook Cons
1) The welcome offer of a 20% deposit match up to $1,000 hasa 25X rollover, the highest of any welcome promotion I've seen.

Gallery

PointsBet brings a new style of betting to the United States, and frankly, I'm a huge fan. The opportunity to try your hand at points betting — plus the killer new-customer and creative ongoing promotions — are convincing reasons to open a PointsBet account. Although live betting lacks a few features, the high-quality overall offering at PointsBet makes it one of the top sportsbooks in our book. /redirect/60afce1c6bfa095d22787ca2?ref=guide&broker=pointsbet&page=/guides/best-new-jersey-sportsbooks&geo=US

Minimum deposit: $5

PointsBet Pros
1) PointsBet’s collection of bet types (PointsBetting, props, alternative lines, and especially custom bets) is second to none.
2) PointsBet offers the best welcome bonus, a $500 risk-free bet on fixed odds and a $1,500 risk-free bet on PointsBetting.

PointsBet Cons
1) The live betting experience is rather bland, and lacks a lot of the cool features offered by other top sportsbooks.

Gallery

FanDuel Sportsbook is an accomplished offering in every measurable way — and one we recommend for bettors at every experience level. Besides providing the full gamut of classic sports betting features, and a standout live betting experience, FanDuel is an innovator. (A must-see is the live, free-to-play PlayAction contest.) With its steady stream of new promotions, contests, and bet types, FanDuel has clearly staked its claim in the top echelon of sportsbooks. /redirect/60afcc926bfa092e71787c7a?ref=guide&broker=fanduelsportsbook&page=/guides/best-new-jersey-sportsbooks&geo=US

Minimum deposit: $10

FanDuel Sportsbook Pros
1) The seemingly endless variety of bets and prop bets, daily fantasy sports, and free-to-play contests is what makes FanDuel Sportsbook one of the premier sports betting apps.
2) Bonuses and promotions are generous and plentiful — so much so that nearly every day we’re tempted to open the app to see what new and crazy incentives have been activated.
3) The must-see in FanDuel’s already impressive live and mobile betting game is the free-to-play PlayAction contests. It’s an exciting glimpse into the future of live betting.

FanDuel Sportsbook Cons
1) Odds are not as competitive as other sportsbooks.

Gallery

Based on 34,000 data points collected over five months and hundreds of games, theScore Bet offers excellent odds for NFL moneyline bets, NHL moneyline bets, NHL moneyline bets, NCAAB moneyline odds, and NCAAF moneyline odds.

For comparison, if average NFL moneyline odds on a team are +130 at other sports betting sites, theScore Bet might offer odds at +140. In this example, every dollar wagered would return $1.40 at theScore Bet versus $1.30 at other sites.

Use our online sportsbook comparison tool to compare odds rankings for all New Jersey sports betting sites.

Here is a comparison of deposit options amongst top NJ sports betting apps.

Here is a comparison of withdrawal options amongst top NJ sports betting apps.

Here is a comparison of online casino games amongst top NJ sports betting apps. To compare more sportsbooks use our comparison tool.

Unlike sports betting and online casino games, there are only a few options for online poker. The best apps to bet on sports and play online poker in New Jersey are:

The following New Jersey sportsbooks also offer online poker:

• FOX Bet
• 888sport
• BetMGM
• Borgata

There are also a couple of standalone poker sites that don’t offer sports betting, such as WSOP NJ and PartyPoker. New Jersey residents are able to play other players in legalized poker states across the country, including Delaware, and Nevada residents.

In New Jersey, almost all sports betting apps offer online casino games, such as poker, blackjack, roulette, and slot machines. Here’s the full list: DraftKings Sportsbook, FanDuel Sportsbook, Bet America, FOX Bet, 888sport, Caesars, Golden Nugget, Unibet, Bet365, BetMGM, Borgata, Hard Rock, Resorts, William Hill, and SugarHouse.

Here are the best sportsbooks in New Jersey that also offer online casino games:

• DraftKings Sportsbook
• SugarHouse
• 888sport
• FanDuel Sportsbook
• Golden Nugget
• FOX Bet
• BetMGM
• William Hill

There are also online casinos such as Tropicana Casino and Virgin Casino that only offer casino games and do not offer sports betting.