Best NJ Sportsbook Promos & Bonuses – Claim up to $4,625 in February 2024

Gambling revenue in New Jersey topped $4.84 billion in 2021 and, as a result, elevated The Garden State to the biggest sports betting market in the country. Consequently, there’s been a massive influx of regulated betting sites.

This guide will highlight the best NJ offshore sportsbook promos and codes for 2024. These often offer better bonuses and promotions, superior banking choices, and other benefits over their regulated counterparts. Let’s get into it.

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50% Welcome Bonus up to $1,000

50% Welcome Bonus up to $1,000

  • BetOnline odds boosts available every day
  • Live betting available on all major sports
  • Excellent sportsbook 101 tutorial section
9.8
5 Stars BetOnline Sports
Play Now

75% Welcome Bonus up to $750

75% Welcome Bonus up to $750

  • 25+ sports markets including niche options like chess
  • Redeem points for cash through loyalty program
  • Deposit using cards or 6 cryptocurrency options
9.6
4.5 Stars Bovada Sports
Play Now

Welcome Bonus worth up to $1,725

Welcome Bonus worth up to $1,725

  • Fast online payouts with zero fees
  • Live streaming available for in-play betting
  • 24/7 live chat customer support
9.7
5 Stars BetWhale Sports Betting
Play Now

100% Welcome Bonus up to $500

100% Welcome Bonus up to $500

  • Free bet offers and special promos every week
  • Exclusive halftime betting options for most events
  • Niche betting markets including politics and stocks
9.5
4.5 Stars Everygame Sports
Play Now

200% Welcome Bonus up to 10 ETH

200% Welcome Bonus up to 10 ETH

  • Generous 10 ETH bonus and high roller NFTs
  • Trusted by Web3 influencers and powered by $TGC token
  • World’s first licensed telegram sportsbook – fully anonymous
9.7
5 Stars TG.Casino Sports
Play Now

100% Sports + 25% Casino Combo Bonus

100% Sports + 25% Casino Combo Bonus

  • High-value reload bonuses for crypto users
  • BetUS TV offers experts tips and picks
  • Same day withdrawal service for fast payouts
9.5
4.5 Stars BetUS Sports
Play Now

50% up to $1,000 + $10 Casino Chip

50% up to $1,000 + $10 Casino Chip

  • Reload bonuses available for all deposits
  • News section with expert views and predictions
  • Early cashout option available on most wagers
9.4
4.5 Stars MyBookie Sports
Play Now

200% Welcome Bonus Package

200% Welcome Bonus Package

  • Exclusive high-value bonuses for crypto users
  • Weekly rebate on losses for all sports wagers
  • Extensive range of ongoing promotions
9.6
4.5 Stars BetNow Sports
Play Now

100% Welcome Bonus + 3 Contest Entries

100% Welcome Bonus + 3 Contest Entries

  • Live streaming available for all major events
  • Regular weekly contests with big prizes
  • 100+ betting markets for most events
9.3
4 Stars Jazz Sports
Play Now

100% Welcome Bonus up to $500 x 2

100% Welcome Bonus up to $500 x 2

  • Weekly betting and pick'em contests
  • Excellent multi-view feature for live betting
  • Best sportsbook for sharp odds on props
9.3
4 Stars SportsBetting.ag Sports
Play Now

100% Welcome Bonus up to $2,500

100% Welcome Bonus up to $2,500

  • Early cash out option available on most wagers
  • Live betting and streaming for major events
  • 24-hour withdrawals for fast payouts
9.4
4.5 Stars BUSR Sports
Play Now

50% Bonus up to $500 + $10 Casino Chip

50% Bonus up to $500 + $10 Casino Chip

  • Reload bonuses offered for every deposit
  • Niche markets for entertainment and politics
  • Crypto support for Bitcoin, Litecoin, and more
9.3
4 Stars XBet Sports
Play Now

NJ Sportsbook Promos February 2024 & Promo Codes

The table below highlights all the best NJ sportsbook promos and the bonus you can claim with a new account. The best offshore sportsbooks offer bigger bonuses and better odds than local sportsbooks, so these options in NJ have made our list.

Sportsbook Sign-Up Bonus Promo Code Our Rating
MyBookie 50% up to $1,000 MYB50 9.8/10
BetUS 100% up to $2,500 + 25% up to $625 (CASINO) JOIN125 9.7/10
Jazz Sports 75% up to $2,500 JAZZ100 9.6/10
Lucky Block 200% up to 10,000 EUR N/A – Claim Now 9.5/10
Mega Dice 200% up to 1 BTC N/A – Claim Now 9.4/10
XBet 50% up to $500 XBET50 9.3/10
TG.Casino 200% up to 10 ETH (Casino only) N/A – Claim Now 9.2/10

List of Top NJ Online Sportsbook Promos Today

Below is a list of the top New Jersey Sportsbooks promos currently live. We’ve also included some information for these top NJ gambling sites to highlight what they excel in and bonus information.

  1. MyBookieProfit from the $1,000 sign-up bonus and wager on markets that not all operators provide.
  2. BetUS – Betting limits up to $2,500, excellent odds, and access to various markets.
  3. Jazz SportsLive-stream your favorite games on the go and use stats tools to increase your potential winnings.
  4. Lucky Block – B banking is quick and secure, and new users can receive a welcome bonus of up to $10,000.
  5. Mega Dice – Mobile betting with the best Bitcoin signup bonuses available.
  6. XBet – New members can receive a $500 bonus with a reasonable rollover requirement, plus strong odds.
  7. TG.Casino – In-game wagering and Ethereum (ETH) promotions on this sportsbook are top-notch.

1. MyBookie – 50% Bonus $1,000 Max  / Unusual Market Selection

MyBookie Bonus NJ

Our MyBookie Sports Betting Bonuses Verdict: 9.8/10

MyBookie is one of the greatest sports betting sites for novice sports bettors, having been in the business for almost ten years. However, given the bookmaker’s track record of restricting pro bettors, discerning wagerers might want to go elsewhere.

If you want to put down a significant amount of money and have a betting edge, being limited is a real possibility. However, most bettors are casual and have little to worry about in this area.

The range of sports (and non-sports) is immense, with nearly thirty sports and many unique events to bet on, including politics and wrestling. Weekly reload bonuses are among the customer benefits you can expect. A sports cash bonus with a fantastic 1x playthrough is also available.

Everything begins with a pleasant sign-up bonus for new users. Start now and explore all MyBookie offers with a 50% deposit match up to $1,000 when you use the promo code MYB50.

How To Claim the MyBookie New Jersey Welcome Bonus

Now, let’s discuss how to use the signup bonus offered by MyBookie NJ.

  1. Tap one of the links here to navigate to the MyBookie home page.
  2. Enter your email address, username, and password after selecting your state.
  3. To continue, you must provide your name, address, birth date, and the last four digits of your Social Security number.
  4. Use the provided coupon code, MYB50, and make the necessary deposit.
  5. Before you can cash out, you have to use your entire welcome bonus.

MyBookie New Jersey Sports Bonuses:

Bonus name Bonus amount Promo Code Wagering Requirements Minimum Deposit
Sports Welcome Bonus 50% up to $1,000 MYB50 10x $50
Cash Bonus 10% up to $200 200CASH 1x $45

Pros: pros

  • Many cutting-edge gaming markets
  • Low bonus rollover rate
  • The odds are excellent
  • Weekly bonus offers
  • Ideal for casual gamblers

Cons: cons

  • Pro bettors may be limited
  • Deposit match could be bigger

2. BetUS – $2,500 Max 100% Deposit Match / Great For High-Rollers

BetUS Sports - Best NJ Sports Betting Bonuses

Our BetUS Sportsbook Sports Betting Bonuses Verdict – 9.7/10

Even though it’s not at the forefront of our list, BetUS is still one of the best online sportsbooks available to NJ players. The operator has a solid track record of about thirty years, so reliability is a given.

The updated web design is more straightforward than the older, clunkier setup. It can take some getting used to how the new layout functions if you remember the former site, but it is undoubtedly better once you acclimate.

An important point is that BetUS Sportsbook offers excellent bonuses, particularly for cryptocurrency customers. A 200% welcome bonus is available, split between 50% casino and 150% sportsbook bonuses.

Additional funds up to $5,000 and thirty more risk-free bets can also be available after registration. BetUS Sports offers substantial reload bonuses and a distinctive loyalty program with six tiers of rewards for players to benefit from. These advantages include competition entry with big potential prizes and extra deposit bonuses.

How To Claim the BetUS Sportsbook New Jersey Welcome Bonus

The detailed steps for new users to claim the BetUS Sportsbook NJ promo are provided here.

  1. Click any of our links to see the BetUS Sportsbook introduction page.
  2. Enter your email address and login credentials.
  3. You must enter your name, phone number, address, birth date, and the final four digits of your Social Security number.
  4. First, make a deposit. Using the promo code JOIN125 will give you a 125% return up to $2,500.
  5. Before withdrawing, the playthrough requirements must be satisfied.

BetUS Sportsbook New Jersey Sports Bonuses:

Bonus name Bonus amount Promo Code Wagering Requirements Minimum Deposit
125% Sign-Up Bonus 100% Sports Bonus up to $2,500 + 25% Casino Bonus up to $625 JOIN125 10x Sports, 30x Casino $100
200% Crypto Sign-Up Bonus 150% Sports Bonus up to $3,750 + 50% Casino Bonus up to $1,250 JOIN200 15x Sports, 30x Casino $100
20% Cash Bonus 20% up to $500 20CASH 6x $100

Pros: pros

  • Huge bonuses for sports betting
  • BetUS TV provides expert predictions
  • Monthly wagering contests
  • Withdrawals are quickly approved
  • Robust stats and results hub

Cons: cons

  • Not the simplest to use the sportsbook
  • Maximum bonus requires a large deposit

3. Jazz Sports – 75% Bonus Match $2,500 Max / Big Bonus Prizes

Jazz Online Sportsbook - Best NJ Sportsbook Bonuses

Our Jazz Sports Betting Bonuses Verdict – 9.6/10

Jazz Sports is a reliable online bookmaker specializing in the nation’s most prominent sports. While it may not provide as many leagues and sports as other top NJ sports betting websites, it still has excellent coverage of sports like football, basketball, hockey, and baseball.

Some of the most prominent sports and games can feature over 350 markets. We’ve also noted a particularly robust selection of esports betting possibilities.

This fun and trendy sportsbook also provides fantasy and betting competitions for extra variety. They cover a wide range of sports, and the introductory offer comes with a contest startup kit that entitles you to free entry into renowned tournaments.

This is on top of the 100% bonus, which consists of a 25% casino bonus on the first deposit and a 75% sportsbook deal. An improved offer is available to NJ players who utilize cryptocurrencies, and regular users can get bonus bets for the prop builder and live betting.

How To Claim the Jazz Sports New Jersey Welcome Bonus

Below is an explanation of how to get the Jazz Sports NJ wager credit offer.

  1. You can access the Jazz Sports website by clicking on any of the links on this page.
  2. Select your state and then provide your login information.
  3. Please provide the last four digits of your Social Security number and your name, address, and date of birth.
  4. Jazz Sports will match your deposit 100% up to the maximum deposit bonus; use the promo code JAZZ100.
  5. The wager credit has to be wagered 12x before it can be withdrawn, and it can only be used at Jazz Sports.

Jazz Sports New Jersey Sports Bonuses:

Bonus name Bonus amount Promo Code Wagering Requirements Minimum Deposit
Welcome Bonus 75% Sports Bonus up to $2,500 + 25% Casino Bonus up to $1,000 + 3 Contests Entries JAZZ100 12x Sports, 40x Casino $50
Crypto Welcome Bonus 100% Sports Bonus up to $1,000 + 25% Casino Bonus up to $2,500 JAZZ125 12x Sports, 40x Casino $50

Pros: pros

  • Cards, cryptocurrency, and P2P banking
  • Updates and forecasts for sports wagering
  • Many US markets for essential events
  • Free registration for large competitions
  • Top prop-building feature for major leagues

Cons: cons

  • Niche sports aren’t widely covered
  • The website could benefit from a makeover

4. Lucky Block – 200% Deposit Match up to $10,000 / Secure Transactions

Lucky Block Online Sportsbook - Best NJ Online Sports Betting Bonuses

Our Lucky Block Sports Betting Bonuses Verdict – 9.5/10

Lucky Block, one of the newer sportsbooks for NJ bettors, only started in 2022. However, it offers a premium sportsbook product with over 35 sports, good odds, and other benefits.

The bookmaker offers a lot of options for well-known esports games and international sports and many markets for the most significant leagues in the US. Players can connect to a VPN to log in to it anywhere in the United States.

Only accepting cryptocurrencies as payment, Lucky Block does not accept credit or debit card payments. However, customers can use USD to acquire Bitcoin through the website’s cashier and deposit it into their accounts for betting.

The welcome bonus for the first deposit is worth 200% and is awarded in 10% increments. Sports bets account for 50% contributions toward the 6x minimum wagering requirements. If crypto betting is your thing, Lucky Block may be your top choice for NJ betting.

How To Claim the Lucky Block New Jersey Welcome Bonus

Below, we will explain how to take advantage of the Lucky Block NJ bet credit offer.

  1. Click any link on this page to go to the Lucky Block homepage.
  2. Create your password and email address for your login.
  3. Provide your name, contact details, address, date of birth, and last four digits of your SSN.
  4. Lucky Block will double any deposit you make up to a $10,000 max bonus.
  5. Only the Lucky Block platform may be utilized to use the bet credit, and the rollover is 12x.

Lucky Block New Jersey Sports Bonuses:

Bonus name Bonus amount Promo Code Wagering Requirements Minimum Deposit
Welcome Offer 200% up to $10,000 N/A 12x Sports $20

Pros: pros

  • Robust esports wagering
  • 200% welcome bonus
  • Place bets on live sporting events
  • Daily reload bonuses for wagering
  • Fast cryptocurrency withdrawals

Cons: cons

  • Bonus money is released in increments
  • Lacking significant US sports promos

5. Mega Dice – 200% Match Bonus up to 1 BTC

Mega Dice - Best NJ Sports Betting Bonuses

Our Mega Dice Sports Betting Bonuses Verdict – 9.4/10

Mega Dice Sportsbook offers a variety of sports betting options. It provides odds for 35 different domestic and international sports. A VPN is required to access the website in the US, which adds an extra layer of privacy.

A huge bonus is that this sportsbook also offers esports betting in large quantities. If you like sports like League of Legends and Dota 2, this sportsbook will be right up your alley.

You can place an actual-money bet with just a single click thanks to its “Quick Bet” slip feature, making it very straightforward to get in on the action. Leading odds-generation entities provide odds, meaning the odds and lines are fair and competitive.

You must also appreciate the robust welcome bonus to kick off the fun right from the start. New customers can access a hefty deposit match of up to 1 BTC based on their first deposit, which is excellent for crypto enthusiasts.

How To Claim the Mega Dice New Jersey Welcome Bonus

Let’s look at how to get the Mega Dice NJ betting credit offer.

  1. To access the Mega Dice homepage, click any of the links on this page.
  2. Enter your login credentials.
  3. Input your last four SSN digits, name, address, phone number, and birthdate.
  4. Mega Dice offers a 200% match on deposits up to 1 BTC.
  5. Before the stake credits may be withdrawn, the wagering conditions must be satisfied.

Mega Dice New Jersey Sports Bonuses:

Bonus Name Bonus amount Promo Code Wagering Requirements Minimum Deposit
Welcome Bonus 200% match bonus up to 1 BTC + 50 free spins N/A 12x Sports $20

Pros: pros

  • Excellent esports coverage
  • 200% BTC sign-up bonus
  • Live wagering selection is robust
  • Daily deposit reload offers
  • Fast same-day withdrawals

Cons: cons

  • Bonus only accessible via Bitcoin
  • Usage of a VPN may be inconvenient

How We Rate NJ Sportsbooks

Learn more about how we rate New Jersey sportsbooks offering bonuses. We check for fair requirements, valuable bonus amounts, and see if there are any VIP bonuses.

Why Use NJ Sportsbook Promo Codes?

Promo codes are linked to online betting bonuses and are required to trigger some offers. It’s worth noting that not all bonuses have promo codes attached, and we’ve outlined the ones that do and don’t in the table earlier in this article.

A promo or bonus code is a word, number, or both mixed randomly that tells the betting site which offer you want to claim. Most of them will be attached to unique betting offers and at Techopedia we’ve been able to attain codes and bonuses that are exclusive to our readers.

We’re big advocates of taking welcome offers when signing up for a new account as it means you can get free money, essentially. NJ sportsbook promo codes are linked to most of the offers we’ve mentioned on this page, and you need to make sure that you include the correct welcome offer to indicate to the betting site that this is the promo you want to claim.

When Can You Use Promo Codes?

NJ sportsbook promos can be used for welcome bonuses and existing player offers. You need to enter them either as you’re creating your account or when you make your first deposit.

Most sites will include an NJ sportsbook promo code box where you enter the code. It’s worth noting that a lot of the codes are case-sensitive, so bear this in mind when copying across.

Can You Claim Multiple Sportsbook Bonuses/Promos?

You can certainly sign up for all the NJ online sportsbooks on our list and claim their available bonuses. Still, when it comes to welcome offers, you’re only going to be able to claim each NJ sportsbook promotion or bonus once. Yet, in some instances, you can claim multiple welcome bonuses from one sportsbook concurrently.

Some sites may also limit the number of times that a single house or address can claim an offer. For example, someone living in your house cannot claim the same offer if you’ve received a bonus.

There are caveats, such as if you share a house with roommates or live in an apartment. If you can prove that there are no ties to other accounts within the same building, it’s generally okay for both players to claim.

The number of times you can claim existing bonuses for ongoing players differs. With these, you can often claim bonuses more than once, although each reload bonus offer may be one-time use each.

How to Claim an NJ Sportsbook Bonus

This section will walk you through how to claim an NJ sportsbook promo with our top-rated sportsbook available in the state, MyBookie. If you decide to use one of our other favorite New Jersey sports betting sites, the process will be similar but may differ slightly.

1. Enter the Sportsbook

Once you land on the sportsbook, click the “Join Now” or “Sign Up” button on the page. This will prompt the start of your account registration.

MyBookie NJ Join Now

2. Complete the Registration Form and Use NJ Sportsbook Promo Code

With MyBookie, you must enter your New Jersey sportsbook promo code MYB50 on the first registration page. Along with this, add your email address, username, password, and phone number. Confirm these details and jump to the next screen to enter the rest of your personal information.

MyBookie NJ Sign-Up

3. Make the First Deposit

Now that your account is set up (you should have a confirmation email), you must log in and head to the cashier section. Once here, use the deposit method of choice and confirm your information.

MyBookie NJ Deposit

4. Place Your First Bet

Once the account is funded, you can return to the sportsbook to place your first bet. Navigate through the sports and markets and click on the odds for the market to add to the bet slip. Use the bet slip to enter your stake and confirm your bet.

MyBookie NJ Bet

Types of NJ Sports Bonuses Available

Bonus Type About Recommended Site
Deposit Match Bonuses The sportsbook matches your first deposit up to a percentage BetUS
Game/Event-Specific Bonuses Special offers are available related to particular games MyBookie
Parlay Insurance If one parlay selection loses, some or all of the amount bet is returned XBet
Odds Boosts Better than standard odds offered on select bets Jazz Sports
Reload Bonuses Same as a deposit match, but on deposits after your first (often lower and with higher playthrough) Lucky Block
Referral Bonuses Bonuses offered when you refer a bettor who joins and deposits/bets MyBookie
Loyalty Rewards Benefits gained for consistently betting with the sportsbook BetUS

Deposit Match Bonuses

A deposit match bonus is an offer where the sportsbook matches a portion or the entirety of a player’s deposit, giving them additional funds to play with. For example, a 100% deposit match bonus up to $200 means the player gets an extra $200 if they deposit $200.

Game/Event Specific Bonuses

Game or event-specific bonuses are promotions specific to a dedicated game or event. For example, this might be a second chance bet when you wager on the Super Bowl or a 100% deposit match bonus when you bet on March Madness.

Parlay Insurance

Parlay bet insurance provides a refund or bonus if one leg of a parlay bet loses. It acts as a form of protection against losing the entire bet. For example, if a player places a parlay bet with five selections and one of them fails, parlay insurance may refund their stake or provide a bonus as compensation.

Odds Boosts / Parlay Boosts

An odds boost is a promotional feature in sports betting where a sportsbook increases the odds on a specific market or event, offering higher potential winnings to the bettor. For example, if the original odds for a team to win are +200, an odds boost may increase the odds to +250, providing the bettor with a higher payout if the bet is successful. The maximum you can wager on these markets is usually capped but still can provide enormous value.

Reload Bonuses

Reload bonuses are promotions that reward existing customers for making subsequent deposits on a gambling platform. It typically involves the platform matching a certain percentage of the deposit amount. For example, a 50% reload bonus of up to $100 means that if a player deposits $200, they will receive an additional $100 as a bonus.

Referral Bonuses

A referral bonus is a promotion offered by sportsbooks to existing users who refer new customers to the platform. When a referred person signs up and meets specific criteria, the referrer (always) and the referred person (sometimes) receive a bonus. For example, if a player refers a friend who makes a qualifying deposit, the referrer/friend may receive a bonus, such as bonus bets or additional funds.

Loyalty Rewards

Loyalty rewards, such as VIP tier programs, are benefits and perks sportsbooks provide to customers who consistently engage with the sportsbook. In the context of gambling or online casinos, loyalty rewards are often offered to high-rollers or frequent players. These rewards can include exclusive access to VIP benefits, personalized customer support, higher betting limits, cashback programs, special bonuses, and invitations to exclusive events.

NJ Sportsbook Promos Terms and Conditions

Here, we’ll look at various standard terms and conditions for New Jersey sportsbook promos, including what they mean and how they work. It is best to understand the ins and outs of each bonus or promotion before you claim, which the information below will help with.

1. Number of Deposits

Some promotions may require a specific number of deposits to qualify. For example, a bonus might be available only on the first deposit. In contrast, others could extend the offer to multiple deposits, such as the first three deposits made by a player.

2. Promo Codes

Specific promotions require NJ promo codes to activate the offer during the deposit or registration process. For example, entering a code like “SPORTS100” could provide a 100% deposit match bonus.

3. Rollovers/Wager Requirements

Promotions often have rollover or wagering requirements, which specify the number of times the bonus funds or winnings must be wagered before they can be withdrawn. For instance, a 5x wagering requirement on a $100 bonus would require $500 in total wagers before a withdrawal of winnings left is permitted.

4. Min/Max Deposit

Promotions may specify minimum and maximum deposit amounts to qualify for the offer. For instance, a 50% match bonus promotion might require a minimum deposit of $50 and cap the bonus amount at $500 for deposits exceeding $1,000.

5. Eligible Sports/Bets (Min Bet/Eligible Odds)

Some promotions may restrict the suitable sports or bet types that qualify for the offer. For example, a promotion might require a minimum bet of $10 on NFL games with odds of -200 or higher.

6. Expiration Date

Promotions have expiration dates, after which they become invalid. Reviewing the terms and conditions to determine the timeframe within which the promotion must be claimed or utilized is essential.

7. Age Limit and Geolocation

Bonuses are typically available only to individuals of legal gambling age and within the eligible jurisdiction. For example, users in New Jersey may need to be aged 21 or older and physically present in New Jersey. Different offshore sportsbooks may have other minimum age requirements, so check first if you are under 21.

8. Payment Method Restrictions

Specific payment methods may be restricted from qualifying for the offer. For instance, BTC or ETH deposits might be eligible for a promotion, while USD deposits are not.

Features of a Good NJ Sportsbook Offer

Promotions and bonuses come in a variety of shapes and sizes. Here, we will include various features to look out for so you can avoid sifting the good from the bad.

Pros: pros

  • Generous Bonuses Good NJ sportsbook offers will include large payouts. These bonuses and promotions include deposit matches, bonus bets, or enhanced odds. Such bonuses can significantly boost a bettor’s bankroll and increase their chances of winning.
  • Favorable Terms and Conditions The terms and conditions associated with the offer will make or break them. This includes reasonable rollover/wagering requirements, achievable timeframes for fulfilling the requirements, and clear instructions for claiming and using the bonus.
  • Wide Range of Sports and Bets Access to diverse sports and betting markets is critical. A bonus offer should allow bettors to wager on popular sports like football, basketball, baseball, and soccer, as well as niche sports and a solid range of markets (moneyline, point spread, totals, props, etc.).
  • Flexibility in Payment Methods Sportsbooks with good payment methods allow bettors to use their preferred banking options. Acceptance of major credit/debit cards, crypto, and online banking transfers ensures convenient and accessible deposits and withdrawals.

Cons: cons

  • Stringent Rollover/Wagering Requirements Some sportsbook offers may come with high rollover/wagering requirements, making it challenging for bettors to meet the conditions and withdraw their winnings. Excessive requirements can limit the benefit and value of the offer.
  • Restricted Geolocation Certain sportsbook promos may only be available to bettors physically located within the state of New Jersey. This limitation can exclude individuals outside of New Jersey or temporarily located in a different state.
  • Limited Expiration Period Offers with short expiration periods can be restrictive for bettors, especially those who may not have enough time to fully utilize the bonus or meet the associated requirements within the given timeframe.

Mistakes to Avoid when Claiming a Bonus

It’s no secret that claiming a bonus from a sportsbook might not be as straightforward as the initial advertisement of the offer may suggest. It may come with many hoops that need to be jumped through to claim it successfully.

Here, we’ve included some of the most common mistakes we see when people fail to claim or clear New Jersey sportsbook promotions properly. These are five mistakes to avoid when claiming a bonus from a sportsbook:

  1. Not Reading the Terms and Conditions – Failing to read and understand the terms and conditions of the bonus can lead to misunderstandings and unexpected limitations. Review the requirements, wagering conditions, expiration dates, and restrictions before claiming the bonus.
  2. Ignoring Rollover/Wagering Requirements – Rollover or wagering requirements specify the number of times you need to wager the bonus funds before being eligible for withdrawal. Neglecting these requirements can result in difficulties when trying to cash out your winnings. Be aware of the specific wagering obligations and plan your bets accordingly.
  3. Missing the New Jersey Sportsbook Promo Code – Some bonuses require specific action steps or promo codes during registration or deposit. Forgetting to activate the bonus or enter the required code could mean missing out on the promotion altogether.
  4. Depositing Less Than the Minimum Amount – Most bonuses have a minimum deposit requirement to qualify. Depositing an amount below the specified minimum could result in the bonus not being credited to your account. Verify the minimum deposit amount and ensure you meet the criteria before depositing to claim the bonus.
  5. Overlooking Expiration Dates – Bonuses typically have an expiration date within which they must be used, or wagering requirements must be fulfilled. Failing to utilize the bonus or meet the requirements within the specified timeframe could void the bonus.

Types of Payment Methods

Regarding sportsbook promos in NJ, having a variety of reliable and convenient payment methods is crucial for a seamless wagering experience. From depositing funds to withdrawing winnings, the availability and suitability of payment options play a significant role.

Let’s explore the payment methods commonly used for NJ sportsbook bonuses, including traditional methods like bank cards and transfers and emerging digital options like cryptocurrency.

  • Bank Cards: Credit/debit cards, such as Mastercard, Visa, and American Express, are standard.
  • Wire Transfer: Wire transfers allow a direct transfer from the bank account to your betting account.
  • Cryptocurrencies: Digital tokens that facilitate instant transaction speeds with low fees and high acceptance.
  • E-Wallets: Our top offshore sportsbooks exclude e-wallets like PayPal and Skrill.

Are There Taxes on Bonuses?

In New Jersey, the taxation of sports betting bonuses is simple to understand. Any net yearly winnings from gambling over a certain threshold, including sports betting, are taxable by the Internal Revenue Service (IRS) and the state.

Under federal tax regulations, gambling winnings must be reported to the IRS and the state. The IRS requires taxpayers to report all net gambling winnings yearly over the necessary threshold, regardless of the source, including winnings obtained using sports betting bonuses. It’s important to note that gambling losses can also be deducted; you only owe if you are a net winner in betting for the year.

Generally speaking, offshore bookmakers don’t give W-2Gs to their clients, don’t track their income from betting, and don’t withhold taxes altogether from significant wins, as some US-regulated sportsbooks do. However, you are required by both federal and state rules to disclose your yearly profit to the IRS and the state. To properly report their sports betting income when filing their taxes, the bettor must maintain track of their net winnings or losses for the entire year.

The Best NJ Sportsbook Promo

MyBookie has the best NJ sports betting promotions to claim for new and existing accounts. The online sportsbook is one of the best for quickly released and advantageous betting lines. Its features include extensive sports coverage, sports-specific bonuses, same-game parlays, and an easy-to-use mobile betting app.

FAQs

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Affiliate Disclosure: Techopedia may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. However, all our recommendations are unbiased and follow a thorough review process. Gambling can be addictive, please play responsibly and you must be of legal gambling age.

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Jonathan Askew

Jonathan is a freelance writer working with Techopedia. He has been working within the gambling sector for over 15 years and has been fortunate enough to work with brands that include Gambling.com, CheekyPunter.com, BasketballInsiders.com and Betfair. He specializes in US and UK-based sports and casino content for Techopedia.