Coming in close at second place, behind Nevada, New Jersey is another state in the US where gambling online is known to thrive. Atlantic City was the state’s crown jewel in the past, but that is no more; In the past few years, multiple iGaming sites have emerged, and our experts at Profitsquad will look at the best of them. Read on to discover more about online gambling in the state, its history, available markets, and laws.
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Before we get down to the nitty-gritty, let’s check out which iGaming markets are available and what is the legal age to gamble.
Types | Legal | Legal age of gambling |
Online Casinos | Yes | 21 |
Sports betting | Yes | 21 |
Horse Racing | Yes | 18 |
Daily Fantasy Sports | Yes | 21 |
Lotteries | Yes | 18 |
Online poker | Yes | 21 |
All the legalized markets are available for players who want to indulge as long as they are 21 years old. The two exceptions are horse racing and lotteries, which allow you to participate when you reach 18.
You don’t have to be a resident of NJ to place online wagers. You can legally bet on any of the regulated platforms if you are located within state borders.
Every platform will use geolocation software to ensure that you are within the borders before allowing you access to the site.
Cryptocurrencies aren’t legal in the US, and neither is crypto betting. To be on the safe side, stay away from online gambling sites that promote crypto wagering.
The origins of gambling date back to the 1700s, as lotteries were used to help finance the military. Later, a gambling ban was imposed from 1894 until 1939. However, it wasn’t widely enforced, as racetracks, bingo, and slots were starting to become accessible for residents.
The first gambling market to be legalized was horse racing in 1939, which allowed the state coffers to profit from its two big racetracks.
In 1976, a bill was passed allowing casinos to operate in Atlantic City. However, it took quite a long time for online gambling to be accepted. Today, the residents can enjoy casinos, sports betting, daily fantasy sports, horse racing, and lotteries.
In February 2013, a bill was signed officially making this the third state in the US where online casinos were legal, and residents could play slots, blackjack, roulette, poker, and other casino games.
Today, a platform can apply for a gaming license and partner with an iGaming software vendor. Operators will need to pay a non-refundable fee of $100,000 at first. If they receive approval, they will also need to deposit a renewal fee of $250,000 and an annual fee of $250,000.
There are three iGaming licenses required to operate an online casino in NJ:
The DGE, or the Division of Gaming Enforcement, is the governing body that regulates all internet wagering platforms in New Jersey.
The Christie vs. The NCAA New Jersey sports betting case was the main event that allowed sports betting to become legal.
In 2014, they attempted to allow casinos and horse betting tracks to offer sports wagering online. However, this law went around a federal law called the Professional and Amateur Sports Protection Act or PASPA – which was the act which banned sports betting on a federal level.
In 2018, the Supreme Court took the case, and it was argued that PASPA is unconstitutional and that each state should be able to decide whether gambling should be allowed within its own borders.
The Supreme Court sided with the ruling, stating that a federal ban on sports betting is unconstitutional.
Since the ruling of the Supreme Court, sports betting in New Jersey became legal. Today, operators can claim a license from the New Jersey Division of Gaming Enforcement and start operating. The NJDGE also regulates all bookies, ensuring they are fair, safe, and secure.
Others also benefited from the ruling, and it has paved the way for the legalization of sportsbooks in numerous states across the US.
Horse Racing has been popular in the Garden State since the mid-1700s, as the first racetrack was opened in the 1830s. Freehold Raceway still operates today, making it one of the oldest racetracks in the USA.
The sport was first made legal in 1939, with the authorization of pari-mutuel racing. Today, there are still several operational racetracks.
However, as local horse race betting got legalized in 2020, many players tend to wager online.
The New Jersey Racing Commission provides all the licenses and oversees all the racing and wagering in the state.
Before regular sports betting was legal, residents could register and play at Daily Fantasy Sports sites. This was officially the 16th US state to legalize daily fantasy sports, and not only that, but it was the first to extend some of the laws for betting on college sports.
Today, if an operator wants to open a DFS site, they will need a license and permit from the Division of Consumer Affairs. Also, one of their servers (that will provide DFS) needs to be physically located in Atlantic City.
While lotteries go way back in history, legally, voters overwhelmingly approved the creation of a lottery back in December 1969. In the general election, more than 80% of voters wanted a lottery to be established.
To this day, the lottery law enforces all the proceeds gathered from the lottery to go toward state institutions and aid for education. This includes higher education and senior citizen education.
Online poker and gambling was legalized in February 2013 after the bill A2578 was passed by Gov. Christie. This law would authorize the DGE to oversee operators and issue licenses. It allowed online poker establishments to provide poker games to any one aged 21 or over and who is physically present within the state (although they need not reside within).
Six online poker sites launched in November 2013 although two have since ceased to operate; three more have launched and it is continuing to grow.
While all operators include freebies for players, they generally stay the same no matter from which state you visit the operator.
Here are some of the best bonuses that you will come across:
If you become part of the Loyalty or VIP scheme, you could get additional benefits such as faster cashouts, higher withdrawal limits, better T&Cs and even discounts at land-based counterparts!
Digitalization offers many benefits, one of which is easy access to all diverse types of services – including gambling. This explains why many players prefer playing online, regardless of whether it’s for sports wagering or casino games.
In recent years, internet casinos have been the most common form of gambling, with bookies coming second. On the other hand, both online and offline, horse-racing bets and lottery tickets are also immensely popular. Some of the most well-visited sites include:
Following the legalization of all the iGaming markets, each one has been taxed as follows.
If an operator wants to open a new site, all the fees they need to deposit go to New Jersey’s wagering treatment programs. Furthermore, operators also get taxed 14.25% for their gross gaming revenue, while 2.5% goes toward the Casino Reinvestment Development Authority.
The betting law requires operators to pay 13% of revenue generated from sports wagers. DFS operators, on the other hand, are required to pay a 10.5% tax on gross in-state revenue.
Horse race betting operators also need to pay a 14.25% tax on their revenue.
When it comes to the lottery, 34.20% of the profit goes toward public schools. Because the lottery is the fourth largest revenue producer in the state, all the funds generated have been given to community colleges and universities, school nutrition programs, the Department of Human Services, and other public organizations.
Poker is taxed in much the same way as online casinos and operators will be taxed at 14.25% of their gross revenue.
But what about your tax responsibility?
You are required by law to report wins over a certain size to the IRS – and this depends on the type of win:
Type | Tax Rates | Notes |
Online Casino | 3% 24% withholding for federal tax | Any wins lower than $1200, don’t need to be reported in your tax report |
Sports Betting Site | 3% 24% withholding for federal tax | Any wins lower than $5000, don’t need to be reported in your tax report |
Lottery | 5% or 8% | Wins between $10,001 and $500,000 are taxed at 5%. Any win above this amount is taxed at 8% |
Daily Fantasy Sports | 3% 24% withholding for federal tax | Any wins lower than $600, don’t need to be reported in your tax report |
Horse Racing | 3% | Any wins lower than $600, don’t need to be reported in your tax report |
Poker | 3% 24% withholding for federal tax | For wins of more than $5,000 |
What this Means:
This is one of the US regions where you have complete freedom to choose whether you want to play casino games, place horse racing bets, or wager on your favorite team.
There are many NJ online gambling sites to choose from, so when picking an operator, look for those that have a valid gaming license, multiple available betting markets, and the best freebies – look through our list, read the reviews and see which ones you like the look of the most!
In other words, the opportunities are endless. Just make sure you’re old enough, within state borders, and are playing on a legal site.
Depending on what type of online wagering, you must be over 18 or 21. Buying a lottery ticket or placing a bet on horse racing requires you to be over 18. All other gambling markets require you to be 21 or over.
There are currently 27 bookies where you can join and place a bet on your preferred game.
Once you register at your preferred NJ casino site, you will be able to play slots and table games such as blackjack, roulette, poker, baccarat, and various live casino games.
The New Jersey Division of Gaming Enforcement is the body that controls, regulates, and oversees every operation done by any iGaming site.
Given that more and more players are starting to play casino games and place bets using their mobile phones, all the top-tier iGaming sites have fully mobile-optimized their platforms.
There are multiple different promotions that betting sites offer both their new and existing members. You will come across operators that provide welcome bonuses, no deposit bonuses, reload perks, and VIP or Loyalty programs.
When making deposits and requesting withdrawals, NJ wagering sites offer various methods, including Visa, MasterCard, American Express, Apple Pay, Google Pay, Skrill, Bank Transfer, and others.
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