Source: Pixabay
Online betting is the new frontier for sports fans in New Jersey, Pennsylvania, Indiana, Colorado, Nevada, Iowa, Rhode Island, West Virginia, Oregon, Mississippi, Illinois, New Hampshire, Michigan, Tennessee, and possibly even Florida if the Seminole Tribe is able to strike a deal with Governor Ron DeSantis. Sports betting is 100% legal in the Garden State, since New Jersey successfully petitioned the Supreme Court of the United States (SCOTUS) to overturn PASPA of 1992. The justices ruled in favor of New Jersey, citing the anti-commandeering principle, thereby allowing individual US states to determine for themselves how they wish to proceed with sports betting legislation.
This brings us to the first Quick Fact about Sports Betting Online – it is 100% legit for legal-age players in New Jersey to bet on sports.
100% Legit Facts About Sports Betting Online
In 2019, legal sports betting in New Jersey generated $4.58 billion in handle. Thanks to the increased liberalization of online gambling in the state, sports fanatics are now allowed to bet on NFL, NBA, MLS, NHL, European, Asian, and South American football leagues, Cricket, MMA/UFC, and dozens of other sporting categories featuring hundreds of markets. Revenue figures of $300 million generated $36 million in taxes for the state of New Jersey. When Atlantic City assessments are factored into the equation, that’s approximately $40 million in 2019.
Live In-Play Sports Betting Rules the Roost
Source: Pixabay
In online sports betting, you can routinely access sports betting tips, sports betting articles, and sports betting guides to help you understand your complete guide to the different types of bets, payout possibilities, and bankroll management techniques. Real-time sports betting is also possible with 888sport live betting where you can bet on sports events as they are taking place, with dynamic odds in play. It’s important to have a strategy in place to become a successful sports bettor. Put your emotions on the backburner, think with your head, and set a fixed sports betting budget.
An essential component of the modern online sports betting ecosystem is the advanced sports betting software that powers it. This technology not only facilitates the management and placement of bets but also enhances user experience through personalized features and real-time analytics. By leveraging sophisticated algorithms, sports betting software can offer dynamic odds, risk management tools, and detailed insights into betting patterns, significantly impacting the strategies of bettors and the profitability of operators.
10 Places to Bet Online in New JerseyÂ
There are currently 10 properties in New Jersey which are partnered with sports betting platforms, including Bally’s Wild Wild West, Tropicana, Resorts, Monmouth Park, Ocean Resort, Meadowlands, Hard-Rock, Harrah’s, Golden Nugget, and Borgata. Sports betting online is much like beating in person, with the same bets available to players. These include the following:
- Head-To-Head Bets – Bet cash on up to 2 sports matches to determine who wins
- Prop Bets – proposition bets can be outrageous, such as what are the odds of an MLB player hitting the ball out the park in the ninth inning, or how many games in a tennis match will be played before the winner is crowned?
- Parlays – these are multiples bets with a much greater overall payout than individual bets in the Parlay.
- Futures – these bets are placed on tournaments scheduled for much later on in the season. You could bet on the World Series, the Super Bowl, the UEFA Cup Championship, or the Winter Olympics.
- Teasers – otherwise known as combination bets, you can place a bet on 2+ unique sports games.
Fast Facts About US Sports Betting:
- The majority of sports bets take place with live in-play betting.
- 69% + of sports bets are placed on golf and tennis, and other sports.
- September is the biggest sports betting month for US online bookmakersÂ
- 75% + of sports bets take place via kiosks at self-service betting facilities
- 60% + of US sports bettors place Parlay bets, compared to just 50% of UK sports bettors.
- NFL is the most heavily-bet-on sport in the US, with 36% + of all bets placed in 2018 on NCAA football or NFL action.
- The value of the global sports betting market (VR, online, and off-line) grew at 65.7% in 2018, while the VR gambling components grew at 14.3% CAGR (compound annual growth rate)
Now those are sports betting facts you can bank on, player!Â