New Jersey betting bonuses
The fight for the New Jersey betting dollar is set to intensify when wagering is legally ratified by the state government. This means the new gambling operators entering the market will try and secure your custom by giving you bonus offers, free bets and other promotional offers.
As of May 2018 there are no legal online sportsbooks in New Jersey but this is set to change in the coming days and months after the Supreme Court overturned the 1992 PASPA legislation which effectively banned sports betting in the USA.
Types of bonus offers at online sportsbooks
Americans have long been able to secure bonus offers at offshore gambling sites, but a regulated market in New Jersey is likely to throw up some new promotions. Here are some of the most common we are likely to see available in New Jersey in the future:
- Welcome package: Generally comes in the form of a deposit bonus with the bookmaker matching, or matching a percentage, of your initial deposit.
- Sign up offer: Much the same as a welcome package.
- Reload bonus: This one is generally for those who have already made a deposit. It could allow you to get a 50% bonus on another deposit.
- Cash back: Could work along the lines of if you place a win bet on a horse at Monmouth Park and it finishes second you will get your money back.
- No deposit bonus: This could be described as the traditional free bet. It’s when the bookie gives a small sum to place a bet and try out the website.
What are wagering requirements?
These stop you from claiming a bonus and simply withdrawing it as real money. Instead you must pass certain criteria to earn the right to turn the money from bonus into cash.
For instance there might a 5x wagering requirement attached to a bonus amount. This means you need to bet the money five times before you will be eligible to withdraw it.
There might also be things like a cap on the amount of real money you can win from a bonus amount. Depending on the website this amount can vary and can wipe out your winnings if they are strict wagering requirements.
What we are saying is it pays to do your homework on a bonus before accepting it. Imagine backing a winner and you’re all excited about pocketing $20,000 only to find out the max you can win from your bonus is $500.
What bonuses can we expect in a regulated NJ sports betting market
Already some of the biggest gambling companies in the world like William Hill, GVC Holdings, 888 Holdings and DraftKings have shown a desire to enter the New Jersey market.
Judging by the bonuses on offer from these guys in other countries the state of New Jersey should be excited by what is about to happen in the gambling space.
Fingers crossed the Department of Gaming Enforcement does not take a backward approach to betting bonuses.
Are there offshore sportsbook bonuses available in the interim?
Because we are in the waiting period between sports betting becoming legal and the day it does New Jersey punters are still forced to wager with offshore sites.
Much like ones regulated in the USA these sites will give players bonuses. Here are some of the best ones for 2018:
Best USA OFFSHORE SPORTSBOOKS
50% matched deposit up to USD $5,000
|Visit BetOnline BetOnline Review|
Live Betting Odds
Claim a 50% deposit bonus up to the value of USD $250
|Visit Bovada Bovada Review|