Best New Jersey Sportsbook Promos, Betting Offers, and NJ Bonuses - Jul 2024

Sportsbook promos are very popular and provide a cushion for new players whilst adding value for experienced users. A good bonus can make all the difference to a person who is testing out a sportsbook for the first time. Similarly, existing user promotions like deposit bonuses and refunds keep people coming back.

This guide will take you through the various types of bonuses available to New Jersey players right now. We’ll also dive into what different categories of sportsbook offers are actually worth in the real world, along with explaining the important - albeit common - T&Cs that come with the various betting site bonuses.

Read our experts' thoughts below after digesting the 10 best sports betting bonuses for New Jersey players below.

The 11 Best Sportsbook Bonuses

Our team of sports betting experts and contributors analyzed 20+ trusted sportsbooks operating in New Jersey through different parameters. We also personally tested each site to understand the nature of the bonus and how it can add value in the true sense. Above is our exclusive selection of the 11 best bettingff bonuses available to NJ players.

Compare The Best Sportsbook Promos

After sports betting was legalized in New Jersey in 2018, thousands of online sportsbook promos were offered to NJ players, as every betting platform wanted to have an early movers’ advantage. Since then, all the trusted and legal sportsbooks used promos and bonuses as effective marketing tools to create a win-win situation for both the players and the sportsbook. 

However, there are so many offers from these sportsbooks, it might make players puzzled while selecting their favorite sportsbook promos. So, as a solution, we developed a helpful comparison tool where you can check multiple sportsbooks side-by-side with odds, markets, promotions, and many more elements. Use our tool to find the best sportsbook that perfectly fits all your betting needs.

	bet365 Sportsbook	BetMGM Sportsbook	FanDuel Sportsbook	Caesars Sportsbook
Rating	98.2	98.5	98.3	98.1
Payment Methods	9	11	8	8
Top Payment Methods	Visa, MasterCard, Bet365 MasterCard	Visa, MasterCard, PayPal	Online Banking, Visa, MasterCard	Visa, MasterCard, Discover
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Deep Dive - Our Best Three Sportsbook Bonuses

Welcome bonuses are the best way to jump into gambling and enjoy unmatched fun. They allow you to make your bets without losing too much, so you can have more fun and worry less about wasting money.

We’ve picked out the three best betting site bonuses for New Jersey players and gone a bit deeper on the detail. All you have to do is sign up with one of these sportsbooks to take advantage of all their exceptional rewards. With these bonuses, there’s no doubt your adventure will get off on the right foot.

BetMGM Sportsbook

One of the pioneers of sports betting in New Jersey, BetMGM, has offered players one of the best sportsbook bonuses since they first entered the state in 2021. That same year, they acquired a New York State Gaming Commission license for their legal operation within the state lines.

As a new player, you can claim a “Bet $5, Get $150” welcome bonus to give you a head start on your sports betting journey. You need to make a minimum deposit of $10 through any eligible payment method after registering for a new account to unlock this offer.

After the initial deposit, make a qualified sports bet of at least $5 in any game you prefer. Whatever the bet outcome is, you’ll receive an extra $150 as bonus bets to use within 7 days. You’ll receive these as six bonus bets worth $25 each. There is no wagering requirement for this welcome bonus.

Caesars Sportsbook

Caesars is not just known for their iconic casinos and resorts; they are equally well known for their grand sportsbook bonuses offered to both the new and existing players in New Jersey. Our Caesars Sportsbook review goes into deeper detail, however, the crux of the offer is as follows.

As of now, they are offering a grand “$1,000 First Bet on Us” welcome bonus to new players in New Jersey. To unlock this bonus, you need to use the “CZR1000” promo code during the registration process. Once done, you need to make a qualifying deposit (at least $5) within 30 days of opening a new account. 

If your first bet results in a loss, you’ll receive a refund of the total amount (up to $1,000) as bonus bets within 2 days. There is no wagering requirement attached to this ongoing bonus, although you need to use the bonus bets within 14 days of getting it.

bet365 Sportsbook

Bet365 is one of the oldest and most renowned sports betting platforms that has been in operation since the year 2000. The British-owned gambling company had over two decades of sports betting experience before they entered the NJ market in 2019 in collaboration with the Hard Rock Hotel and Casino.

Their current offer is one of the best sportsbook bonuses online and all you have to do to claim it is by opening a new account at bet365. To participate in the “First Bet Safety Net” offer, you need to make an initial deposit of at least $10 to become eligible. Bet365 will match the initial deposit amount in bonus bets (up to $1,000). There is a 20x wagering requirement that you need to abide by.

Besides this one, bet365 also has a “Bet $5 & Get $150” welcome bonus for new users as well. To unlock it, you need to make an initial deposit of at least $10 and then make a qualified wager of at least $5. Once your first bet settles, you’ll receive $150 in bonus bets within a maximum of 7 days.

The Different Types of Sportsbook Promos and Betting Offers

Different sportsbooks offer different types of bonuses and promotions. Apart from welcome bonuses, there are different kinds of bonuses available for existing players (to add constant value). Other than that, there are several referral offers available as well.

Trusted sportsbooks in New Jersey design their bonuses and promotions in such a way that they can accommodate every player with different budgets, playing styles, and requirements. While some prefer welcome bonuses to test the sportsbook, many also rely on recurring bonuses to get the value that they are looking for in the long term.

Many NJ players also look for the best betting offers related to odds and parlays as they look to maximize their winnings through these unique boosts. Several sportsbooks now started giving combo boosts and express bets as well. Some of the most popular sportsbook promos and offers are:

• Welcome Bonus / New User Bonus
• Deposit Match Bonus
• Cashback On Deposits
• Express Bet
• Combo Boost
• Parlay Boosts
• Free Bets
• Bet Insurance
• Loyalty Bonus / VIP rewards
• Referral Bonus
• Seasonal Bonuses

There are a few types of unconventional online sportsbook promos available in New Jersey besides traditional bonuses, such as no-risk bonuses, all-win bonuses, and only-win bonuses. However, these are relatively rare.

Welcome Bonuses and Sign-up Bonuses

Welcome bonuses are the very first incentive that NJ players receive from their preferred sportsbook. While players may receive an extra boost to their bankroll, the betting sites may acquire valuable and loyal users through these bonuses, creating a winning situation for both parties.

This particular type of bonus is specific to new players, as you can’t claim these sportsbook bonuses if you already have a sportsbook or casino account as an existing player. Apart from this, there can be specific terms attached to these bonuses, such as minimum deposit requirements, wagering requirements, etc. This is why it’s best to compare the bonus types, amounts, and terms before you settle on an online sportsbook.

If you scroll through the options, you’ll see that different sportsbooks offer varied amounts as welcome bonuses. Most players will incline towards the highest amount, although those that have lower bonus values are not always the worst option. In our experience, a lower bonus amount can be profitable if it comes with simple terms and conditions. 

Some of the best betting site bonuses in New Jersey are as follows:

Deposit Match Bonus

A deposit match bonus is a type of bonus where the sportsbook matches the deposit to a certain amount or percentage. These are counted among the best sportsbook promos where players may get 2X, 3X, or even 4X the initial deposit if not more.

The match percentage and maximum match can vary across different sportsbooks. However, the most common deposit matches are 100%, 50%, or 25%, with a maximum limit of $100, $500, or $1,000. There are several sportsbooks available in NJ that also offer up to a 200% deposit match bonus.

If you opt for a 100% deposit match bonus of up to $100, you’ll receive an extra $100 if you deposit $100, giving you a total of $200 to play with. Typically, there are wagering requirements attached to these bonuses, which you must adhere to before withdrawing any funds.

Matched Bet Bonus

A matched bet bonus is another kind of online sportsbook promo specific to new users. In this bonus, the sportsbook matches the initial betting amount of a new player to allow them to place larger opening bets with lesser risks. This bonus is particularly preferred by casual players.

Similar to the deposit match bonus, this bonus can also be a percentage match or a fixed amount. While some sportsbooks offer up to a 100% match of your first bet, some also cover that up to $100 or more. The bonus funds are credited to your sports betting account immediately after you place your first real money bet.

In practice, let’s say you opt for a matched bet bonus of up to 100% and place a qualified wager of $50. Right after the first bet settles, you’ll receive $50 as a bonus bet, irrespective of the outcome of the first bet.

Second Chance Bet

A Second Chance Bet is one of the most unique betting site promos that may appeal more to modern players from New Jersey. It’s also sometimes called a risk-free bet. It allows you to place a bet on any sports market, and if that bet loses, your total wager is refunded as a free bet. This gives you a true “second chance” to win the bet without losing out.

There are different amounts for second-chance bets, although the most common ones are between $20 and $100. However, there are certain terms you need to meet to get a second chance bet. First, you need to make a qualified bet, preferably on odds above -200 or 1.5. Secondly, there are wagering requirements that you also need to follow.

After unlocking this bonus, if you place a qualified wager of $10 and lose that bet, the sportsbook will offer you $10 back as bonus bets to give you a second chance to try the platform without having any risk at all. According to our experience, this is a perfect bonus for beginners.

Insurance Bonuses

Insurance bonuses are among the best betting site promos that you can claim while staying in New Jersey. It’s a variant of the second chance bet where you’ll get the wagered amount back if you lose that bet. Typically, these insurances are offered on the very first bet.

Let’s look at an example. Suppose you opt for an insurance bonus of up to $100 and place a bet of $50 on a sports market. If you lose that first $50 bet, you will get back the $50 as bonus bets that you can use for further sports betting. So, your first bet is fully secured without the worry of any losses, which also rightly justifies the word “insurance” in this bonus.

Besides deposit match bonuses, it’s probably the most profitable welcome bonus for beginners in this sports betting industry. With this bonus, your money remains truly secure for the first bet, and you get an additional chance to wager even if you lose the first bet.

No Deposit Bonus

No deposit bonuses are not the most common betting offers you can get from a sportsbook in New Jersey but when you come across them, they can be fantastic.

These are unique types of welcome bonuses where you can claim a small bonus amount without making any deposit at all. No deposit bonuses typically range from $5 to $50, which you can claim right after opening a new account.

You can use the no-deposit bonus to bet on real sports events. Not only that, but you can potentially win without risking any of your own money. This bonus is ideal if you are a beginner-level player and want to test the sportsbook before depositing any real cash.

However, there is a possible downside to this type of bonus. Typically, very high wagering requirements (up to 100x) are associated with this bonus. You’ll commonly find free bet contests across social media, where players compete using no-deposit bonus funds for leaderboard prizes.

Free Bet

If you’re looking for the best betting site bonuses, you need to know about the free bet bonus, as it is one of the most popular bonuses for entry-level players. With this bonus, you’ll be able to place free bets on any sports market without making an initial deposit. It's extremely rare these days, but when they're available, they're great to take advantage of.

The sportsbook will assign you a certain number of free bets or a certain amount to place a wager. You can use free bets or bonus funds to participate in real-time sports betting. However, there are commonly high wagering requirements attached to this bonus, which can be as high as 100x.

Like a no-deposit bonus, the free bet bonus is also rare in New Jersey. However, some of the biggest names, such as BetMGM and Caesars, offer these free bet bonuses on special occasions. So, visit our recommended betting sites to grab the offer at the same time that they release.

Ongoing Sportsbook Promos

While it’s a known fact that most sportsbooks rely on welcome bonuses to get new players onboard. It’s also among a core marketing strategy that operators use to ensure better visibility and presence among interested users. However, all sportsbooks also offer betting site promos to add value to existing players.

These promos mainly offer additional amounts on recurring deposits and bonuses on special occasions, such as your birthday. Besides, several other types of promotions are also available where you can boost your odds or winnings on any sports market. Three of the most popular promotions for existing players are as follows:

Odds Boost

An Odds Boost is one of the best sportsbook bonuses online for New Jersey players. With this bonus, you can inflate or “boost” the odds on a particular sports bet for a short period of time. You can ensure better odds than the actual offered odds on certain sports betting selections with this one.

Odds boosts range from +100 to +500 or more on very long shots. For example, +200 odds would be boosted to something like +400. However, they are usually capped at a maximum bet amount (typically up to $50) to limit the liabilities of sportsbooks.

Parlay Boost

If you’re looking for the best sportsbook bonus as an existing player, parlay boost is among the best options. You can enhance potential payouts for parlay bets with this unique bonus. Your initial bets should involve multiple picks placed together on one bet slip to unlock this bonus.

If you add more picks and markets on a single bet slip, the payouts are boosted exponentially. A parlay boost provides improved odds on top of the already enhanced payouts of parlay betting. However, there can be minimum odds restrictions on each of your selections.

Combo Boost

Combo boosts are by far the best sportsbook bonus for any seasoned player. Sportsbooks pre-define certain combo bets (usually 2 to 4 legs) and boost the odds on that specific multi-pick combo. You can instantly enhance the potential payout on specially selected multi-leg combo bets with this bonus.

These combo bets are usually comprised of favorites expected to win their matchups that have correlated outcomes. However, there can be certain restrictions on maximum bet sizes and minimum odds thresholds.

Remembering Terms and Conditions

Whether it’s a welcome bonus or a promotion for existing users, there are specific terms and conditions attached to every kind of bonus available in New Jersey. Some of the typical terms to claim a bonus are as follows:

• You need to be at least 21 years old.
• You must reside in the state of New Jersey.
• If there are promo codes available, you need to use those to unlock the sportsbook promotions.
• You must make a qualifying deposit (other than a free bet and no-deposit bonus).
• All bets should be placed on qualified sports markets.
• You must abide by the minimum odds requirements.
• Before you can cash out, you must meet the minimum wagering requirements.
• Each bonus is limited to 1 per person/household in New Jersey.

What Best Betting New Jersey Looks for In a Sportsbook Promo?

Depending on the type of sportsbook bonus and specific betting offers, you can unlock different benefits, such as bonus bets, deposit matches, or free bets. Due to the wide array of available bonuses in New Jersey, it can be complicated to pick the perfect bonus. Here, we focus on five key parameters to judge how a bonus performs against others.

• Bonus Type - This is the main parameter, as a bonus is needed to deliver value to players. So, the type of bonus should favor the customers in this sense. Typically, deposit match bonuses are ideal for seasoned players, while bet insurance is ideal for beginners.
• Value - Another important factor is the value (amount in $) of the bonus. The more a bonus is offered to a player, the better it is. We always prefer a bonus that ensures a little extra in terms of monetary value than other available bonuses.
• The key terms - Value and terms and conditions go hand in hand. If you get a high-value bonus with strict terms that are not easy to fulfil, that bonus will be of no use. We consider that a strong bonus that comes with relatively moderate terms that are easy to meet even for beginners.
• Ongoing promotions - We also look at the number of ongoing bonuses and promotions to judge any bonus. A greater number of bonuses are always better. Besides, we also look for the frequency of the offerings to analyze what type of bonuses will be available throughout the year.
• The sportsbooks themselves - Finally, we also look for the actual product and how it has been performing over the years. We also analyze the performance of customer support, available payment methods, safety features, and responsible gambling practices.

How to Use Sportsbook Promo Codes?

We have already discussed the best betting site promos available to New Jersey players right now. However, you need to know the right steps to claim the bonus without any hassle. Follow the steps below to claim your online sportsbook promos.

1. 1

   Choose a Sportsbook

   Visit the official site of the sportsbook or download the app (if available). Check out all our sportsbook reviews before you choose.

2. 2

   Sign-up

   Click on the “Sign Up” button to initiate the registration process.

3. 3

   Enter Personal Details

   Enter your personal details, such as your full name, DOB, complete address, phone number, and email address.

4. 4

   Click on the “Promo Code” code field and enter the current promo code if applicable.

5. 5

   Deposit

   Complete the registration process by depositing the amount required to claim the bonus.

6. 6

   Receive your Bonus!

   Once you accept all the terms, you’ll receive your reward directly in your account.

Conclusion

Over 20 different sportsbooks are operating in the legal space of New Jersey in 2024. You can find all types of welcome bonuses and betting offers for existing users at all of these NJDGE trusted sportsbooks. On top of that, the amount ranges from $10 to a hefty $1,000.

While some offer deposit match bonuses, others offer bet insurance and second-chance bets. Although free bets and no-deposit bonuses are relatively rare, you can still get those in frequent intervals. So, to get the latest bonuses and newest sportsbook promos, visit our site regularly. Don’t forget to bookmark this page to stay updated on the most profitable sports betting bonuses and promos.

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