For those holdouts who have yet to sign up with a mobile sportsbook in New Jersey more than four years after sports betting became legal, about the best time to dip your toes in the water is the start of the football season.
At DraftKings, new users in New Jersey and 14 other states can bet $5 on an NFL or NCAA football game (or a UFC event) by this weekend, and get $200 in free bets. The bonus is paid out in eight $25 bets and must be made within one week of sign-up — a good example of needing to read the fine print to make sure you can make maximum use of the offer.
At FanDuel, the offer is similar, but the $5 opening wager brings you a mere $150 in free bets.
Betting rivals have bigger offers
In New Jersey, BetMGM‘s offer, good for all of 2022, is for up to a $1,000 “risk-free” bet once new users deposit $10 into an account.
The fine print: “If your Qualifying Bet loses and it is in an amount greater than $50, you will receive five FreeBets back in equal denominations of 20% of the total amount of the Qualifying Bet up to $1,000. If your Qualifying Bet loses and it is less than $50, you will receive a single FreeBet back in a single denomination equaling the total amount of the Qualifying Bet.
- Example 1: If you place a $1,000 Qualifying Bet and your Qualifying Bet loses, you will receive five $200 FreeBets.
- Example 2: If you place a $49 Qualifying Bet and your Qualifying Bet loses, you will receive one $49 FreeBet.”
BetMGM Sportsbook- Promo Code: USB1600
- Paid in Sports Bonus
- 21+. Gambling problem? Call 1-800-GAMBLER
21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, DC, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA). Participant must complete the Wagering Requirements and satisfy the (10x) playthrough requirement. Deposit Match unavailable in OH. US Promotional Offers Not Available in MS, NY, ON, or PR. Visit BetMGM.com for Terms & Conditions.
Barstool has basically the same offer, except it contributes a nominal $10 to a new user’s account for signing up, while the SuperBook also has the $1,000 matching incentive.
Then there is Caesars, where Garden State residents not only can get a free bet of up to $1,250 — with a full credit back if they lose — but also 1,000 Reward Credits and 1,000 Tier Credits (win or lose). Customers have up to 14 days, in this case, to use their $1,250 in free consolation bets.
Caesars Sportsbook- Promo Code: NJOG1000
- Win Big on Player, Game Props
- 21+. Gambling problem? Call 1-800-GAMBLER
21+ only. New users and first $10+ wager only. Offer valid and must be physically present in AZ, CO, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, WV, and WY only. Know When To Stop Before You Start.® Gambling Problem? IL, MD, NJ, OH, PA, TN, VA, WV: Call 1-800-GAMBLER. MA: CALL 1-800-327-5050 or visit gamblinghelplinema.org. NY: Call 877-8-HOPENY or text HOPENY (467369). ©2024, Caesars Entertainment
At Bet365, a new customer only needs to make a $1 bet to claim the sign-up offer — but it is only for $200 in free bets. However, customers have 90 days to use the free bets here.
bet365 SportsbookBet $5, Get $150 in Bonus Bets!
Get a First Bet Safety Net up to $1,000 in Bonus Bets!
- Promo Code: USBETS
- Integrated wallet with casino
- 21+. Gambling problem? Call 1-800-GAMBLER
New customers only, 21+ (18+ in KY). Gambling Problem? Call 1-800-GAMBLER. Available in AZ, NJ, IA, KY, IN, LA, NC, VA, OH only. Bet $5 and Get $150 in Bonus Bets at bet365. Registration required. A deposit (minimum $10) is required to participate in this offer. Bet Credits wager excluded from returns. T&Cs, time limits and exclusions apply.
A middle ground can be found at Australian-based PointsBet, which offers five risk-free bets of up to $100 each. At WynnBet, meanwhile, new customers in nine states — including New Jersey — can get a $100 free bet upon making a $100 bet.
WynnBET Sportsbook- Promo Code: XNJOGPROMO
- $50 for Sports, $50 for Casino
- 21+. Gambling problem? Call 1-800-GAMBLER
The BetRivers version is an offer to match a first-time bet of up to $500.
Betting exchange now an NJ option
For those looking for a new wrinkle, Prophet Exchange recently launched as the first site of its kind in the U.S.
What is a betting exchange? It is a place that removes the usual “player vs. the house” dynamic and instead allows gamblers to offer bets at their own prices, in hopes that someone will choose the other side of the bet. Because Prophet does not set the odds, the “vig” — or the amount held by the sportsbook — will tend to be lower than traditional books.
Prophet’s promotional offer is to match your sign-up money up to $200.
Prophet ExchangeGet the Best Odds in New Jersey!
- First Betting Exchange in NJ
- Set Your Own Lines / Prices
- Unique Peer-to-Peer Betting
Photo: Wendell Cruz/USA TODAY
