EatWatchBet Logo

New Jersey Sports Betting: Compare the Best Bonus Offer from Every NJ Sportsbook

Chris Lollis
Written by:
Last Updated: April 2nd, 2024

Best New Jersey Sports Betting Offers

New Jersey was the first U.S. state to legalize online sports betting and today offers more sportsbook options than any other state. New Jersey sportsbooks took over $1 billion in bets in each of the first three months of last year's NFL season.

Any experienced sports bettor will tell you that the best sportsbook offers tend to come as we get out of the NFL season and move closer to the NBA Playoffs. We rank every promotion in the table below.

Sportsbook New Jersey Offer Bonus Code
BetMGM NJ Promotions NEW Up to $1,500 Back in Bonus Bets
If Your First Bet Loses
View OfferPromo Code: EWBET1
NJ only. 21+. Please Gamble Responsibly. Gambling problem? Call 1-800-GAMBLER
Bet365 Bonus Offer NEW Bet $5, Get $150 in Bonus Bets
On First Wager - Win or Lose
View OfferPromo Code: 365BV1
NJ only. 21+. Please Gamble Responsibly. Gambling problem? Call 1-800-GAMBLER
DraftKings Promotion for New Jersey Players NEW Bet $5, Get $150 in Bonus Bets
Win or Lose
View OfferNo Code Needed
NJ only. 21+. Please Gamble Responsibly. Gambling problem? Call 1-800-GAMBLER
FanDuel Sportsbook Offer for New Jersey Bet $5, Get $200 in Bonus Bets
On First Wager - If Your Bet Wins
View OfferNo Code Needed
NJ only. 21+. Please Gamble Responsibly. Gambling problem? Call 1-800-GAMBLER
Best Caesars SportsBook Bonus Offers for NJ Bet $1,000 on Caesars
Win or Get Your Bet Back
View OfferBonus Code: BV1000
NJ only. 21+. Please Gamble Responsibly. Gambling problem? Call 1-800-GAMBLER
NJ only. 21+. Please Gamble Responsibly. Gambling problem? Call 1-800-GAMBLER
betrivers bonus offer $250 Second Chance Bet
Industry-Best 1x Play Through
View OfferNo Code Needed
NJ only. 21+. Please Gamble Responsibly. Gambling problem? Call 1-800-GAMBLER
NJ only. 21+. Please Gamble Responsibly. Gambling problem? Call 1-800-GAMBLER
Sporttrade Bonus Offer Get Up to $300 Cash Back
Earn 3% on Every Wager
View OfferPromo Code: EWB1
NJ only. 21+. Please Gamble Responsibly. Gambling problem? Call 1-800-GAMBLER

New Jersey bettors must be 21+ and present to place wagers in the state. If you or a loved one is experiencing problems with gambling, call 1-800-GAMBLER or visit the National Council on Problem Gambling www.ncpgambling.org.

Understanding the Offers from Online Sportsbooks

Almost all online sportsbooks have some sort of offer or promotion to attract new customers, or to reward existing customers for their loyalty. The offers come in various forms and can range from a cashback bonus, bonus bets, deposit bonuses or special rewards points.

To help you make sense of all the offers, we’ve broken down some of the most common terms and conditions.

  • Bonus Bets. Many sportsbooks will offer a bonus bet when you sign up or renew your account. This can be in the form of "no sweat bet" in which you get a bonus if your bet loses, or somewhat of an odds boost in which they'll give you extra bonus cash if your first bet wins - as in the case with DraftKings, which we'll cover shortly. These bonus bets are usually tied to specific events or games, and have time limits attached.
  • Deposit Bonuses. This is one of the most common types of bonuses you'll find in NJ sportsbooks. Essentially, this bonus will give you a set percentage of your initial deposit back as cash or bonus bets. Most of the time these are in the form of a 100% match up to a certain amount. Online casinos really love these types of bonuses. We've seen them match deposits up to $1,000. Sure, there are some terms associated with these bonuses, but they're generally quite favorable.
  • Cashback Bonuses. This type of bonus is usually tied to the number of bets you place or the amount of money you wager. The sportsbook will give back a certain percentage of your losses as cash or bonus bets. It's important to note that most sportsbooks have minimum requirements for these bonuses
  • No-Deposit Bonuses. One of our favorite types of bonuses, no-deposit bonuses require no initial deposit to be made. Instead, you receive a set amount of bonus money after signing up. This is an easy way to test out a new sportsbook without footing any of the bill. Keep in mind that these usually come with strict wagering requirements before you can withdraw your winnings and they tend to be much lower than your traditional bonus.
  • Welcome Bonuses. This is an overarching term that covers different types of offers, such as deposit bonuses and no-deposit bonuses. Essentially, this is the sportsbook's way of welcoming new customers to their platform.
  • Second Chance Bonus. These are a lot like bonus bets, but instead of being tied to specific wagers or outcomes, they are more generally based on the amount of money you have wagered and lost on the first bet. For example, let's say you bet $50 on a game and lose, instead of giving you credit to bet on another game, they'll deposit $50 to your account to use however you want. They're very similar to cash-back bonuses, but with a slightly different structure.
  • Referral Bonuses/Loyalty Programs. This type of offer is all about rewarding existing players for bringing more people into the community. Referral bonuses often come in the form of bonus bets or cash deposited into your account. Loyalty programs are more about rewarding players for their continued action with the sportsbook. Every bet you make earns credits which can be redeemed for cash, merchandise, and other prizes. One of our favorite loyalty programs is Caesars Rewards which has some amazing rewards for members.

So, if you're looking to make the most of your sports betting experience, we highly recommend taking advantage of these offers and promotions. Now that you have an idea of the different bonuses available, you can make an informed decision on which offer is for you.

We'll give you some tips on how to best use your bonuses as well.

Current New Jersey Online Sportsbook Offers

Now that we've got that out of the way let's take a look at what the current New Jersey sportsbooks have to offer. Since sportsbooks are always changing their offerings, we'll keep this list up to date with the latest offers.

Bet365 Sportsbook Offer Details

Bet365 Online Sportsbook in New Jersey

We're starting this list off right with Bet365. They're one of the best sportsbooks in the industry; however, they're limited to only Colorado, Ohio, Virginia - and you guessed it - New Jersey. That's great news for you as a sports bettor. What's even better is that they're offering new customers $150 in bonus bets when they bet $5 on any game. That's an incredible deal that is exclusive to new members. You don't even have to use a promo code for this bonus.

DraftKings Online Sportsbook in New Jersey

One of the biggest names in DFS is also one of the biggest names in online sports betting. DraftKings Sportsbook is now available in New Jersey, and they're offering new customers the chance to rack up a Bet $5, Get $150 deal. When you place your first bet, DraftKings will credit your account with $150 in bonus bets.

FanDuel Online Sportsbook in New Jersey

Another DFS giant, FanDuel, is offering their own type of welcome bonus. They're giving new customers their signature Bet $5 to Get $200 deal." With this promotion, new players receive $200 in bonus bets, if their first bet wins.

There is no odds stipulation with this offer, so be sure to bet a favorite that you are certain will win. Check out our latest articles for our picks for this week's games.

BetMGM Online Sportsbook in New Jersey

Oh, one of our favorite sportsbooks, BetMGM, is now available in New Jersey and they're offering new customers up to $1500 back in bonus bets if their first wager loses. This is essentially the same promotion that FanDuel has going on in New Jersey. What we love the most about BetMGM is their app. It's seamless and easy to navigate, making it one of the best sports betting apps in the market. If you want your second chance bet, you will have to use our exclusive promo code, EWBET1, to take full advantage of it.

Caesars Online Sportsbook in New Jersey

Probably one of the most popular sportsbooks in NJ, Caesars is offering new customers a massive deal just for signing up with our bonus code - BVGET. Not one to be outdone by BetMGM and FanDuel, Caesars is offering new customers a First Bet of Up $1,000 on them. This bonus is essentially the same as as second chance bet but with a bit more cash behind it. There's a reason they're one of the most popular sportsbooks in NJ.

BetRivers NJ Bonus Offer

BetRivers Online Sportsbook in New Jersey

Last on our list, but certainly not least, is BetRivers. This sportsbook has been gaining traction in the New Jersey market lately, and they're offering a great welcome bonus for new customers. When you sign up with BetRivers, you can get a $250 second chance bet. That means all you have to do is place a bet up to $250, and they'll match your bet if you lose. Easy as that. What's even better about BetRivers and what they're known for is their industry-leading 1x rollover requirement. That means you can take your bonus money and do whatever you want with it, with no strings attached. It's the perfect way to get started with BetRivers sports betting in NJ!

New NJ Sportsbook Promotions for the NBA season

Since the NBA season is in full swing, many sportsbooks are about to start ramping up their promos for the season. Some sportsbooks may offer deposit bonuses, while others could offer parlay odds boosts and free bets. Keep your eyes peeled for new promotions, as they can really help you get ahead in wagering. One thing's for sure - no matter what promo codes are available or what site you use; the best bet is to get the most bang for your buck from the NJ sportsbooks.

As these new bonuses and promotions come to light, we'll make sure to update this page with all the latest information. So check back often to stay up to date on the best sports betting deals in New Jersey.

What Makes the Current DraftKings Promotion the Best Offer in NJ?

Follow these steps to lock in your No Sweat First Bet at DraftKings today:

  1. Sign up at DraftKings, make a deposit, and Register from the offer landing page.
  2. After making your first bet, DraftKings will give you Bonus bets if it loses
  3. Enjoy your increased bankroll!

Given that the previous DraftKings deposit bonus was only a 20% match, this current Bet-Get is a fantastic opportunity for new sports bettors in New Jersey to jump on board one of the top sportsbook apps in the business. You won't be disappointed!

Tips for Using Your New Bonus at New Jersey Online Sportsbooks

We get sports bettors asking us all the time how best to use their new sportsbook bonuses. Here are our top tips—

Don't Forget the Offer!

We can't stress this enough! One of the biggest mistakes made by new sports bettors is forgetting to use a bonus code when signing up. Make sure you know what the offer is and enter the correct promo code at signup. That way, you can lock in your bonus and get the most out of it.

Be Mindful of Rollover Requirements

Most online sportsbooks have a rollover requirement for their bonuses. This means that you'll need to bet your bonus money a certain number of times before being able to withdraw it. Make sure you read the terms and conditions of each offer so that you can take advantage of your bonus in the best way possible. It would suck to get a bonus only to realize you have to roll it over 25 times to withdraw it.

Bet Wisely

No matter how big your bonus is, it won’t do you any good if you don’t bet wisely. Make sure to shop the odds and pay attention to line movements so that you can get the most out of your bonus money. Also, keep in mind that bonuses are not meant to be used as a guaranteed way to win money. Bet only on the sports and games you're familiar with. So, if you're a huge fan of the NHL, focus on betting on NHL games. If you're unfamiliar with the MLB teams, don't bet on them just to get a bonus.

Don't Leave Money On the Table

Finally, make sure you take full advantage of all the bonus offers available to you. With so many sportsbooks competing for your business in New Jersey, there are plenty of great bonuses out there with big rewards - don't miss out on them! This also holds true for maxing out any match bonuses. If a sportsbook offers you 100% up to $500, then sure you deposit $500 to receive the full bonus amount. That way, you'll get your money's worth out of each offer.


FAQs for New Jersey Sports Betting Bonus Offers

While New Jersey may be the first state to legalize sports betting, the total handle and number of new bettors registering daily indicate the market is still growing. Below are a handful of FAQs most new bettors have regarding how sportsbook bonus offers work.

Who Qualifies for a SportsBook Bonus in New Jersey?

To be eligible to receive a bonus offer from any of the sportsbooks in New Jersey, you must be at least 21 years of age, located within New Jersey state lines, and be a new user of the sportsbook.

How Does a 2nd Chance Bet Work?

Second chance bet promotions will refund your initial bet if you fail to win. These offers typically only apply to your first wager with a sportsbook. A 2nd chance bet caps at whatever you initially deposit with the sportsbook, up to a certain amount.

How Does a Bonus Bet Offer Work?

The offer currently available from Caesars in New Jersey includes Bonus bets. In this case, you need to register using the bonus code listed, make an initial deposit, and place the minimum bet required. Once the bet closes, your Bonus bets will be credited to your account. Anything you use with your Bonus bet is yours to keep.

Which New Jersey SportsBook Offers the Best Bonus Offers?

While our favorite New Jersey sports betting offer for New Jersey this April is the Bet $5 Get $150 Bonus from DraftKings, this varies based on the season and promotions available. Typically speaking, PointsBet, FanDuel, DraftKings, and BetMGM run the most generous New Jersey sports betting promotions.

Do any New Jersey sportsbooks offer no-deposit bonus offers?

Not at this time. Check back next month, though, because some sportsbooks may offer no-deposit bonuses during the NBA April.

How do we identify the best bonus offer in New Jersey?

Our team closely studies each bonus offer and gives each one a rating based on the total dollar amount, player-friendliness of terms, and how much of a deposit is required. While it would be easy to just search for the highest bonuses in terms of dollars, we believe in giving our readers a full snapshot of each bonus offer in New Jersey.

How often do sportsbooks change their bonus offers?

This depends on the sportsbook and its marketing philosophy. Conglomerates like FanDuel and DraftKings change their offers quite frequently, while other books like BetMGM and BetRivers rarely change their bonus offers.

Can you withdraw winnings from a bonus bet?

Yes, you can withdraw winnings from any bonus. Just make sure you have met the rollover requirements that the sportsbook enforces. Read the full terms and conditions of your bonus offer to clarify how many times you have to play through your deposit and bonus.

Steps to Get the Best Bonus Offer in New Jersey

Being a sports bettor in the Garden State definitely has its advantages. However, with so many sportsbooks to choose from, finding the best bonus offer can be a bit overwhelming. Luckily, our team will do all of the hard work for you!

Our staff stays in constant communication with the managers of all of the New Jersey sportsbooks. This helps us ensure that our readers will receive the best bonus offers available. Check our Best New Jersey Sportsbooks page frequently for updates.

For the month of April, our best overall bonuses for folks in New Jersey are from DraftKings and FanDuel. Both of these are worth looking into to help expand your bankroll.

New Jersey bettors must be 21+ and present to place wagers in the state. If you or a loved one is experiencing problems with gambling, call 1-800-GAMBLER or visit the National Council on Problem Gambling www.ncpgambling.org.

Chris Lollis

Chris Lollis is a sports betting expert that has covered the industry for more than a decade. Over that time he has covered everything from the repeal of PASPA to the state-by-state legislative changes. Chris serves as the Head of Content at EatWatchBet, and is responsible for tracking latest news and updates from every U.S. sportsbook.

EatWatchBet