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5 Things you should know about the Online Gambling Industry in New Jersey

Gaming

8 Jan

It used to be that Vegas was the gambling capital of the country. However, things have taken a turn with New Jersey quickly stepping up to claim that title. Not only is online gambling legal in the Garden State; and has been for quite some time. But New Jersey also enjoys the biggest and most successful sports betting market in the country, possibly the world- a feat that is not small by any means.

Citizens of New Jersey have been betting online since 2013 but sports betting was only just recently given the green light by the Supreme Court in 2018. The Murphy v. National Collegiate Athletic Association win against the Professional and Amateur Sports Protection Act gave New Jersey and any other state wishing to do so the go-ahead to legalize sports betting.

New Jersey quickly started accepting legal sports bets as soon as this ruling was made, which set the ball rolling on a massive sports betting expansion all over the state. Today, New Jersey continues to top the sports betting market with record-setting performances in the industry.

Case in point, New Jersey’s sportsbooks recorded an all-time high number of approximately $670 million in August 2020 wagers, surpassing the $8 billion in sports bets made since launching in June 2018. This has occurred, despite a once in a lifetime pandemic that left all brick and mortar casinos shut down and led to an unbelievable 3-months long suspension of almost all major professional sports across the globe.

Thanks to this record-breaking growth, more and more states continue to legalize sports betting in hopes that they too will realize New Jersey’s remarkable success. In fact, 3 states, Maryland, S. Dakota, and Louisiana are slated to legalize sports betting by November with more to follow in 2021.

So if you’ve been thinking about traveling to New Jersey to try your hand, there has never been a better time. All the best sportsbooks, physical and online are found in New Jersey, which means that you’ll also have the best odds in the market due to the increased competition. So should you decide to bet in New Jersey during your travels, here are a couple of things that you ought to know:

Anyone can gamble as long as they’re 21

If you intend to travel to New Jersey to gamble on real money, you must be 21 and older to do it legally. You must also be within state lines, whether you plan on using an online betting site, a brick and mortar sportsbook, or an online gambling mobile app.

The good news is that unlike other states that require in-person registration, you can register easily via your phone or online without availing yourself to a brick and mortar casino. This means that you can start betting as soon as you are finished with your registration.

Before you pick an online casino to wager from, make sure that it is regulated first. No online casino or sportsbooks is allowed to operate legally in the state without a license from the state. You can confirm easily whether your preferred online casino in New Jersey is regulated by doing a quick search at the Division of Gaming Enforcement website or by checking out this resource: https://www.njgamblingfun.com/nj/nj-sports-betting.

You cannot bet on college sports while in New Jersey

Sports betting has grown by leaps and bounds in the state and you will be able to bet on almost all major professional sports during your stay in New Jersey. However, one thing that you cannot bet on is collegiate sports of any type within the state. You are also not allowed to wager on any college sports event that involves any New Jersey team, even if the event is being held out of state.

There’ll be bonuses but always read the fine print

Almost all casinos and online gambling sportsbooks offer bonuses to attract new players as well as keep the old ones loyal and happy. But before you get excited and transfer most of your funds to your preferred online casino account, always read the fine print to determine just how much you have to spend or play before you can take advantage of the bonus being offered.

What may look like an offer that’s too good to leave may actually end up causing you to spend more money than you originally intended. Always be on the lookout for online casinos that are offering bonuses for lower transfer amounts to qualify. Additionally, all the best casinos tend to offer their customers bonuses when they play on off-peak time or during certain days of the week.

Always stick to your budget

We know that you are playing to win money. However, above all else, gambling should be fun and entertaining. The last thing you want to do is chase a win because it will send you down a spiral that can be very hard to climb out of.

All the best and most responsible gamblers set their limits and can walk away once they exceed that limit. This is vital information to remember whether you intend to gamble in New Jersey or any other state.

Keep your private information private

Once you’ve found an online casino that you like, you will be required to complete a series of registration steps before you can start betting. The process will require that you submit some sensitive information such as your bank details. That’s why it is so important that you pick the right casino and sportsbook to bet from that will keep all your sensitive details private and safe.

You should always be on the lookout for a security seal that indicates the site that you want to use is encrypted and safe to use. This is what will make sure that your banking, as well as your account and password information, is safe. If you plan to register yourself in more than one online casino, try to use different usernames and passwords for each so that you are not hacked easily.

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Fable Fortune Gaming Blog

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Hi There! Its Sammy here, your guide to the world of gaming and technology. If you are a gaming enthusiast or you use games as bonding with your friends and family, and whether you are young or not so young, you're all welcome. Let's all talk about the latest updates and technologies that will give us advantages to enjoy gaming and life (in general) even more!

Trying to upgrade your gaming experience? Looking for cool stuff to make your daily life fun and rewarding? I've got you covered. Let me be your passionate guide in exploring the infinite possibilities of technology.
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About Us

Hi There! Its Sammy here, your guide to the world of gaming and technology. If you are a gaming enthusiast or you use games as bonding with your friends and family, and whether you are young or not so young, you're all welcome. Let's all talk about the latest updates and technologies that will give us advantages to enjoy gaming and life (in general) even more!

Trying to upgrade your gaming experience? Looking for cool stuff to make your daily life fun and rewarding? I've got you covered. Let me be your passionate guide in exploring the infinite possibilities of technology.
Read More…

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