At first glance, a customer probably rates a sportsbook by the odds it offers and whether the platform is user-friendly.
Customers often overlook one critical feature, though.
The ease of depositing money is the first real test a sportsbook must pass to earn a new customer. Furthermore, deposit and withdrawal options may affect a sportsbooks’ ability to keep that customer.
So how easy is it to deposit at one of New Jersey‘s eight online sportsbooks? Let’s take a look.
Currently, NJ sports betting is home to the following sportsbooks:
Below is a complete guide to depositing with New Jersey online sportsbooks.
Funding a New Jersey sportsbook account
Not every sportsbook offers every deposit option.
Caesars has the most deposit options, while DraftKings is the most limited. Expect DraftKings to expand its deposit options to be more in line with its competitors after it does its due diligence.
Here is a quick look at the deposit methods of each NJ online sportsbook:
|Sportsbook||PayPal||Neteller||Credit / Debit||PayNearMe||Prepaid Card||E-check / ACH||Cash|
|888||Yes||Yes||Yes||Yes||No||Yes (ACH only)||Caesars AC|
|SugarHouse||Yes||Yes||Yes||Yes||Yes||Yes||Golden Nugget AC|
|William Hill||No||No||Yes||No||Yes||Yes||Monmouth or Ocean Resort|
New Jersey sports betting deposit options
The e-wallets support online money transfers and serve as an electronic alternative to traditional paper methods such as cash, checks and money orders.
Customers fund the digital wallet by linking their bank accounts.
PayNearMe and prepaid cards
For players struggling to get money online, PayNearMe is an easy and often convenient option. It allows customers to fund their accounts with cash, e-checks, and credit cards at area 7-Elevens and CVS pharmacies.
Sportsbooks recognize making funds accessible is a critical feature, which is why several sportsbooks offer prepaid cards.
A customer funds the card with a credit or debit card or other payment methods. Once funded, money can be transferred back and forth between the card and the customer’s account.
The customer can also use the card to withdraw cash at ATMs and make purchases at retail outlets that accept Discover cards.
E-checks and casino cages
Many sportsbooks accept E-checks which are the electronic version of a paper check. E-checks allow money to move between a customer’s checking account and into their sportsbook account.
Some online sportsbooks accept cold, hard cash at partner Atlantic City casinos cages. Customers should arrive with proper identification and their sportsbook account number.
And finally, every sportsbook accepts credit and debit cards. However, success rates for depositing are typically low.
The problem is many major card-issuing banks do not allow transactions related to legal online gambling or sports betting.
Also, banks often look at this kind of deposit as a cash advance. If successful at depositing with a major credit card, additional fees may apply.
Special deposit options at NJ online sportsbooks
Some sportsbooks have funding options that are unique to them.
For instance, DraftKings allows a customer to move money from a linked daily fantasy sports account into the sportsbook. Of course, the customer must be an active DFS player with money in their account.
BetStars, PokerStars’s online sportsbook, has years of experience of handling money across the globe.
To make funding an account easy, PokerStars has made its instant online banking available. It includes Rapid Transfer, which allows a customer to make a real-time bank transfer from their bank account.
SugarHouse and playMGM recommend customers use online bill pay. The companies have arrangements with many banks that allow direct transfers of funds.
Customers must have online banking enabled and a verified sportsbook account to use this method.