New Jersey
- New Jersey sports betting revenue surges 47% in August despite offseason lull
- New Jersey regulator issues illegal sportsbook warning ahead of new season
- Fox Bet slapped with $80,000 New Jersey fine over college betting breach
- New Jersey reports double-digit growth in igaming and sportsbook revenue during July
- Kindred has “great confidence” in new US proprietary tech platform amid early gains
Online/land-based partnerships
Monmouth Park: William Hill, PlaySugarHouse
Meadowlands Racetrack: FanDuel, PointsBet
Licensing deals
Hard Rock Casino: bet365
Meadowlands: PointsBet
Caesars Interactive Entertainment: Harrah’s Casino, WSOP, 888 Casino, 888 Poker, Caesars Casino
Tropicana Casino and Resort: Tropicana Casino, Virgin Casino
Golden Nugget Atlantic City: Betfair, Golden Nugget Casino, SugarHouse Casino
Ocean Resort: Ocean Casino
Borgata Hotel and Casino: Party Casino, partypoker NJ, Borgata Casino, playMGM, Borgata Poker, Pala Casino
Resorts Casino Hotel: MoheganSunCasino, Resorts Casino, PokerStars NJ (poker and casino), DraftKings
Hard Rock Casino: Hard Rock AC
Partnership/sponsorship deals with professional sports teams
888sport is an official partner of the New York Jets.
William Hill, Caesars and FanDuel have each inked official deals with the New Jersey Devils.
What type of licenses are available?
Sports betting, DFS, online casino, and online poker.
How many skins are permitted per license?
Three for sports betting; unlimited for casino.
How do you apply for a license?
Via the DGE website.
For operators: https://www.nj.gov/oag/ge/casino_licensing.htm
For vendors: https://www.nj.gov/oag/ge/sils_licensing.htm
Licenses are required for casino owners and operators, casino employees, and vendors.
Firms can apply for a temporary transactional waiver for a cost of $100,000.
What are the license fees?
The full list of costs is available here
The initial egaming permit costs $400,000 in total, with a responsible gambling fee of $250,000 per annum
What are the integrity fees?
None.
What is the current tax rate?
Online sports betting: Those with casino-licenses pay 13% GGR, while it’s 14.25% for horse track licenses.
For context operators offering online casino and poker are taxed at 17.5% of GGR. Brick-and-mortar sportsbooks pay 9.75% of GGR.
Is there a self-exclusion register in the state?
Yes, more information available here: https://www.njportal.com/dge/selfexclusion
Is sports betting legal?
Yes
New Jersey Governor Phil Murphy placed the first legal sports bet at Monmouth Park Racetrack on June 14, 2018. DraftKings was the first operator to launch a mobile sports betting app (on Resorts’ license) on August 6, 2018.
Regulator details
New Jersey Division of Gaming Enforcement
1300 Atlantic Avenue
Atlantic City, NJ 08401
609-984-0909
Director: David L. Rebuck
Is sports betting permitted online?
Yes, but operators must also have a physical sportsbook to be permitted to make up to three online partnerships with B2C brands.
Is online registration required in person?
No
Is there any specific legislation for daily fantasy sports?
New Jersey introduced DFS regulation in August 2017. Operators are taxed at 10.5% of gross revenue.
What legislation, if any, is currently pending?
None.