Best NJ Online Sportsbook Bonuses, Promo Codes and Bonus Bets

Since sports betting was legalized after the overturning of PAPSA, an out-of-date law that effectively banned sports betting in all but four states, New Jersey has become a mecca for online sports betting. With several online sportsbooks live in the state, the competition is fierce, and each sportsbook offers various bonuses, promo codes and other exciting promotions in exchange for giving their software a try.

Top NJ Online Sportsbook Bonus Offers & Promo Codes

With all the options being offered, it can get overwhelming. No promotions are created equal and each comes with its own terms and conditions.

It is very important to understand the different types of bonuses, whether you need a promo code, what strings are attached and how to take full advantage of each offer. Most are a one-time deal, so be sure to take a look at our extensive guide to the best NJ online sportsbook bonuses, and promo codes to optimize your bankroll.

What Is a Promo Code? And Why Use One?

When claiming a bonus offer or welcome package from a New Jersey online sportsbook, a promo code may or may not be necessary. When a promo code is needed, it acts like an online coupon.

A promo code is entered either during registration or during the deposit process. Here at RotoGrinders, we have walked you through the process for each site to help you get the maximum value out of each welcome package to help turn the odds in your favor.

Promo codes can also be referred to as a bonus code, affiliate code or deposit code. Not all sites require a promo code and to cash in on the very generous welcome packages, you just simply need to click through our exclusive links found in the table below.

SPORTSBOOKBONUS OFFERPROMO CODE
BorgataGet $100 in Bonus Bets When You Bet $20ROTOGRINDERS
FanDuelBet $5 Get $150 in Bonus Bets If Your First Bet Wins!No Code Needed
DraftKingsBet $5, Get $150 in Bonus Bets Instantly + Get a SGP Everyday for the NBA Playoffs!No Code Needed
BetMGMGet a 20% Deposit Match up to $1,600 in Sports Bonus! GRINDERS1600
BetRivers2nd Chance Bet Up To $250!No Code Needed
bet365Get a First Bet Safety Net up to $1,000 in Bonus Bets!GRINDERS
Caesars SportsbookGet up to $1,000 Back in Bonus Bets if Your First Bet Doesn’t Win!GRINDERS1000
ESPN BET$1000 First Bet ResetGRINDERS
FanaticsSign Up & Get $50 in Bonus Bets!No Code Needed

Who Is Eligible for NJ Online Sportsbook Bonuses?

In general, anyone who meets the following criteria can create a new online sportsbook account and take advantage of these very generous welcome packages.

sports betting on mobile phone
(Image Credit: Shutterstock)

Why Do Online Sportsbooks Offer Welcome Packages?

Online sportsbooks, like any business, are here to make money. So, you may wonder why they are seemingly just giving money away?

Competition in a very crowded online sportsbook market is fierce. Online sportsbooks offer these welcome packages in order to get you to check them out, in the same fashion as a car dealer may offer three oil changes with the purchase of a new car. The dealer is going to eat the costs of the maintenance in hopes that you will like the service you receive and return for future vehicle services.

Sportsbooks offering welcome packages
(Image Credit: Shutterstock)

These welcome packages also come with terms and conditions. These are designed for you to play a bit on their site and get acquainted with its offerings in hopes that you will become a repeat customer. Some sites require a bet to be placed while others require you to play through the bonus money before withdrawing your money.

Sportsbook Bonus Jargon

Before you sign up for a sportsbook bonus in NJ, familiarize yourself with the jargon below so you know what you’re getting yourself into:

No Deposit Bonus

For those of you that are curious about sports betting, but are not quite ready to pull out your credit card, a no deposit bonus is a dream come true. Simply register for a new sportsbook account and enter a promo code (if necessary) and the bonus amount will be added to your account.

Since nothing is truly without cost, a no deposit bonus will often come with a wagering requirement. A wagering requirement is how much you need to wager before money can be withdrawn, and is usually 1x, 5x, or even 25x the bonus amount. Some no deposit bonuses allow you to only keep winnings and others will allow you to keep the bonus and your winnings.  Bets can be made all in one shot, or can be made in several smaller bets as long as they add up to the wagering requirements.

No deposit bonuses will often be the smallest dollar amount of all the bonuses but are still an exciting and easy method to test the waters and find the right sportsbook for you.

Bonus Bets

Another popular promotion that online sportsbooks are offering is a bonus bet. Bonus bets come in many forms so be sure to check which bonus bet is being offered before placing your first wager.

Deposit Bonuses

The most popular of all the bonuses, the deposit match bonus is pretty straight forward. When you make a deposit, the sportsbook will match the amount of your deposit up to a certain percentage. Most sportsbooks will match  100% of your first deposit up to a certain amount, though it’s not unheard to see both lower and higher percentages.

These deposit bonuses can be placed in one big bet or broken up into smaller bets. In order to make these bonuses available for withdrawal, there are a few strings attached. They all come with wagering requirements and a time limit to in which to clear the bonus. If the wagering requirement or time limit isn’t met, the bonus will expire and be removed from your account.

Odds Boost

Online sportsbooks will routinely offer “boosted odds” on select games. Often only announced a few hours before the game starts, specific bets will have better odds listed. For example, if the Sixers are listed at +150 against the Celtics, BetMGM may send out an email promoting an “odds boost” and bring the line to +220. This is a popular promotion by several books on certain prop bets like the first player to score a goal or if Joel Embiid will have a triple-double.

Be sure to check that the odds are actually boosted. Odds change often as different factors may change before a game starts. We have found that some parlays actually pay out better if you simply build them yourself.

For example, an odds boost may be offered the day before the games start for the Sixers, Clippers and Lakers all to win at +225. That day it is announced that Kawhi Leonard is taking an “load management” day off dropping the odds on the Clippers winning from -200 to +100. This may change the odds of the parlay to +250 if you build it yourself.

Refunds/Bonus Back

Bettors can bet more confidently knowing that a percentage of their wager will be returned if the game ends up not going their way. Some sportsbooks will offer a percent back ranging from 25% up to 100% on certain bets, meaning if you wager $100 on a 50% refund promo and it doesn’t pan out, you would get $50 put back in your account.

Be sure to check how the refund will be awarded to your account. If it is refunded as cash, your money will be immediately available for withdrawal. If you receive the refund in a one-time bonusbet, be aware that most sites will only pay out profits from a bonus bet and not the bet amount.

When the refund is given back as site credit, you will usually get the bet amount plus profit on winning bets, but you will be required to bet all the site credit before the money is available to withdraw.

VIP/ Loyalty Programs

Long after you have used the welcome package offerings, many online sportsbook provide VIP or loyalty programs that will convert every dollar wagered to points or tiers which can later be redeemed for cash, comped rooms at their land based hotels, prizes and more. Since most online sportsbooks are also affiliated with online casinos and online poker rooms, often these tiers or rewards points can be combined with existing accounts.

BetMGM Rewards Program nationwide
BetMGM Rewards Available Nationwide!

Refer-a-Friend

If you enjoy a certain online sportsbook, why not consider getting your friends in on the action? Ranging from $25-$300, the more friends you get in on the action, the more you can stand to take in in the form of bonus money.

New Jersey Bonuses FAQs

Still not sure what is the best bonus for you in New Jersey? Don’t worry! We did the research for you!

Which New Jersey online sportsbook has the best first deposit bonus?

BetMGM has one of the best first deposit bonuses in the NJ online sportsbook market. When you sign up with code GRINDERS1600, you’ll get a 20% deposit match up to $1,600 in sports bonus.

Which New Jersey online sportsbook has the best bonus bet promotion?

DraftKings has an excellent bonus bet promotion, as you get $150 instantly when you make an initial $5+ regardless of the wager’s outcome. Plus, you’ll get an SGP every day for the NBA playoffs, all with no code needed – just click here!

Which New Jersey online sportsbook welcome bonus is easiest to make money?

This has to go to BetRivers online sportsbook. The $250 bonus has 1x wagering requirements, meaning that you only have to wager the amount of the bonus given to you. You are playing 100% with house money until you are through the bonus at which point you can cash out any profits and your original deposit.

How to use a NJ sportsbook bonus?

Using a NJ online sportsbook bonus is really easy, though the instructions will depend on the type of bonus that you take, and which sportsbook you receive it from – so we’ll keep it general. First, you’re going to want to track down the proper promo code. You’ll find our full list of the best codes and the corresponding bonuses in the table on this page. After you’ve created your account using the promo code, it’s time to put it to good use.

We always recommend checking the terms and conditions before accepting any sports betting bonus. The T&C will always fill you in on these necessary details. Sometimes you’ll need to opt-in for the offer through your account, sometimes its immediately available, sometimes you’ll need to wait 24 hours for it to be credited, you may need to deposit, etc. The type of bonus, whether its a bonus bet, a match bonus, or a no-deposit offer, will also come into play. Our individual sportsbook signup pages will provide detailed instructions for how to use your bonus on each specific site, and we’ll mention it again, be sure to check the posted T&C!

Which NJ online sportsbook pays the fastest?

Generally speaking we wouldn’t say there is necessarily a single fastest. All NJ online sports betting wagers will be paid to your account promptly once the result has been settled. As far as withdrawing cash from the sportsbook itself, all of the available sites have expansive cashiers, and often rely on similar payment methods for withdrawals. Bank transfers, PayPal, wires, checks, eChecks, and cash in-person at the cage options are frequently available with very quick turnarounds.

The Fine Print on New Jersey Sportsbook Bonuses

Dig deep into NJ sportsbook bonuses by reading the following in the fine print:

Wagering Requirements

When taking advantage of any of the bonuses listed above, almost all are attached to a certain wagering amount. From BetMGM to Caesars, each site will have their own requirements to make the bonus available to be withdrawn.

Time Limits

Every site has a certain time window you have to clear the bonus before it will be forfeited. Most sites have a 30 days or longer window in order to clear the bonus money, but some online sportsbooks may be as short as a week or a day before the bonus money expires.

Online sportsbooks may also have a limited time from when you create an account until when you make your first deposit in order to take advantage of an offer. Check our individual sportsbook promo code pages for time limitations for each New Jersey Online Sportsbook.

Odds Requirements

To make sure that bettors are not just playing the clear favorite to clear bonuses on every site, there is a minimum odds requirement. It’s usually around -200. All bets that don’t meet this requirement will not be counted towards clearing the bonus.

Understanding what bonus fits your betting style is the key to taking full advantage of these generous promotions. If you are a first time sports bettor, a $10 bonus bet may be perfect chance to get your feet wet. If you are a seasoned veteran who likes to keep the action rolling, one of the larger deposit bonuses may help to give you the edge you need. Be sure to take a look at the RotoGrinders individual online sportsbook summaries where we take all the guesswork out, and give you all the information you need to quickly and easily be on your way.

Tips for Finding the Best Bonus Offers at NJ Online Sportsbooks

Here are some expert tips for finding the best offers at NJ online sportsbooks:

Overall, if you are well-informed and shop around, you can take advantage of a lot of bonus offers and have fun while you are doing it.

We have combed through thousands of lines of fine print in order to bring you the best deals in online and mobile sports betting. Offers can change, and new sportsbooks are being added all the time, so be sure to check back often with RotoGrinders in order to get all the exclusive deals and welcome packages in the Garden State.