PayPal is widely considered one of the safest and most secure online payment systems on the planet.
It is accepted as a method of payment on millions of websites. PayPal is now accepted at most online gambling sites in New Jersey.
PayPal is truly worldwide. It operates in more than 200 countries/regions, in as many as 25 different currencies, and boasts over 400 million active users as of 2022. Tracked by active registered accounts, these users employ PayPal to send, receive, and hold funds.
Thanks to an agreement with several New Jersey online gambling sites and a softening in its policy regarding online gambling, NJ gamblers can now use PayPal to deposit funds to play with and withdraw winnings.
PayPal users can send and receive payments for online auction sites and buy and sell all kinds of goods and services over the internet.
Which NJ gambling sites accept PayPal?
PayPal is now accepted as a deposit and withdrawal method by at least 10 different legal and regulated online gambling sites in New Jersey.
- Golden Nugget New Jersey Casino – $10 Free + 100% deposit match up to $1,500 + 200 Free Spins. Claim with Golden Nugget bonus code PLAYBONUS
- Caesars Casino NJ – $10 Free + 200% deposit match up to $200. Claim with Caesars promo code FREEC10
- BetMGM Casino NJ – $25 Free + 100% deposit match up to $1,000. Claim with BetMGM bonus code PLAYNJFREE
- WynnBET Casino NJ – 100% deposit match up to $1,000. Claim WynnBET bonus here
- Hard Rock Casino NJ – $25 Free + 50 Free Spins + 100% deposit match up to $1,000. Claim with Hard Rock bonus code PLAY25
- Unibet Casino NJ – $10 Free with bonus code FREEBONUS + 100% deposit bonus up to $500. Claim with Unibet bonus code BONUSMATCH
- HarrahsCasino.com – 20 Free Spins with code BONUSPLAY. Claim with Harrahs bonus code
- WSOP.com – 100% Up To $1,000 On Deposit + $25 Free On Deposit with code 25BONUS. Claim with WSOP bonus code
- 888poker.com – $20 Free Bonus on Sign Up. 100% Deposit Bonus Match up to $1500. Click to claim
Live dealer and progressive slots are among 900+ games
Try games, no account necessary
Register for $10 with bonus code PLAYBONUS
Superior design and navigation
Less focus on sports betting than some competitors
Best rewards program
Signup for $10 + 200% Deposit Match Up To $200
Use promo code FREEC10
Fewer selection of slots than other online casinos
Top-rated app & highly respected brand
Signup for $25 Free + 100% Deposit Match Up To $1,000
Use bonus code PLAYNJFREE
Deposit match bonus requires 15x playthrough
Which NJ online sportsbooks accept PayPal?
NJ sportsbook apps are a new breed in the online gambling market, and they too have embraced PayPal as a deposit option.
- DraftKings Sportsbook NJ – $50 Free Bet On Deposit + 20% Up To $1,000 On Deposit. Claim DraftKings bonus here
- Caesars Sportsbook NJ – Up To $1,250 At Caesars. Claim with Caesars promo code LEGALFULL
- BetMGM Sportsbook NJ – Risk-Free First Bet Up To $1,000. Claim with BetMGM bonus code PLAYBONUS
- BetRivers Sportsbook NJ – Best For Welcome Bonus 2nd Chance Free Bet Up To $500 On Deposit. Claim with BetRivers bonus code
- FanDuel Sportsbook NJ – Bet $5, Get $150 + 3 Month NBA League Pass Sub. Click to Claim on FanDuel
- Unibet Sportsbook NJ – Risk-Free First Bet Up To $250. Use Unibet bonus code BETBONUS
- PointsBet Sportsbook NJ – Up To $2,000 As 2 Second Chance Free Bets. Use PointsBet promo code BETBONUS
- bet365 Sportsbook NJ – Bet $1, Get $200 Free Bonus. Claim bet365 bonus
Best online casino for long-term sport bettors
In-game early cash out option
High level of quality and security
Sometimes the vigs are high compared with in person sportsbooks
Best online casino for ongoing promotions
Claim up to $1,250 using promo code LEGALFULL
One of the most well-known and respected names in the industry
While rewarding, welcome bonus is less-aggressive than others
Best online casino for new bettors
Risk-free welcome bonus - bet up to $1,000
Rewards program is linked to the MGM Resorts properties
Free bet wagers pay out winnings only, not winnings plus wager
Deposits and withdrawals on NJ gambling sites with PayPal
Making a deposit on an NJ gambling site with PayPal is a three-step process.
First, users must ensure the email address they use for the NJ online gambling site account, or the NJ online sportsbook and PayPal are the same.
Second, the user must make sure there are available funds in their PayPal account.
PayPal accounts can be funded through a transfer from another PayPal account or direct bank transfer. PayPal also accepts credit and debit cards, but there is a 2.9 percent of the amount plus a $0.30 per transaction fee. Plus, several NJ gambling sites claim they do not accept PayPal deposits from PayPal accounts funded by credit and debit cards.
NJ online casino or sportsbook players who successfully make a deposit using PayPal can also withdraw funds using the online payment processor.
Is PayPal safe and secure?
PayPal is licensed as a money transmitter subject to many of the same rules and regulations governing US banks. As a result, your money is as safe with PayPal as it is with any bank in the US.
PayPal also keeps all of its user’s personal and financial information safe by utilizing Secure Sockets Layer (SSL) encryption technology.
Additionally, PayPal offers Buyer Protection and Account Protection programs. These programs help solve disputes, prevent fraud, and provide additional protection.
The truth is, PayPal is one of the most secure ways to fund an NJ gambling site or NJ online sportsbook account.
Are PayPal-funded NJ gambling or sportsbook sites safe?
New Jersey online gambling sites and sportsbooks are licensed and regulated by an arm of the State Attorney General’s Office called the Division of Gaming Enforcement.
Each is either owned, operated, or associated with one of Atlantic City’s brick-and-mortar casinos.
The government oversight is there, and the casino industry has been trusted in New Jersey for more than 40 years. The sports betting industry is brand-new but is under intense scrutiny as the new kid on the block.
Of course, the government has regulations that guarantee the safety of all player funds, and the games and mechanisms are rigorously tested for fairness.
As a result, NJ online casinos and sportsbooks are above board. PayPal gives them an added layer of integrity.
History of PayPal and NJ online gambling sites
PayPal launched in 1998, and online gambling sites around the world soon became one of the online payment processors’ largest business partners.
Online auction site eBay struck a deal to buy PayPal in 2002. Soon after, the U.S. Attorney’s Office accused PayPal of processing payments for what it deemed were illegal gambling operations.
PayPal and eBay agreed to pay a $10 million fine to settle allegations they had aided illegal offshore online gambling sites. After that, the company instituted a strict no-gambling transaction policy.
This policy stayed in effect for almost seven years. However, by that time, governments worldwide had started legalizing and regulating online gambling. In 2010, PayPal moved back into the online gambling market, acting as payment processor for European licensed and regulated sites.
PayPal proved again to be interested in working with online gambling sites, but only if they were licensed and regulated by local governments.
Caesars Interactive Entertainment’s NJ online gambling sites struck a deal to start accepting PayPal in 2015. Two sites operating under Golden Nugget Atlantic City’s internet gambling license jumped aboard in 2017.
Now, at least 10 legal, regulated, and reputable online gambling sites in New Jersey accept PayPal. Also, at least nine online sportsbooks use PayPal as a banking option.
NJ ONLINE GAMBLING AND PAYPAL FAQ
NJ online gambling sites and sportsbooks do not charge users a fee to make a deposit using PayPal. PayPal has credit card fees, but most NJ online gambling sites will not accept PayPal deposits from accounts funded by credit cards.
There are no fees for funding a PayPal account by electronic funds transfer or directly from a bank account.
Players must create a PayPal account to use it as a deposit method. Plus, the email address must be the same one associated with the NJ gambling site or sportsbook app account.
A PayPal account used to deposit at an NJ gambling site or sportsbook must belong to the NJ gambling site account holder. It must also share the same email address.
PayPal will only appear as a withdrawal option once a deposit is made using PayPal.
PayPal withdrawal options include the same methods used to deposit funds. Plus, users can request an electronic check and check by mail. PayPal users can also obtain a debit card that can be used at ATMs and where most credit cards are accepted.
PayPal offers instant deposits. Plus, there are several ways to fund an account. Additionally, PayPal can be used for traditional purchases all over the internet.
There may be credit card deposit fees associated, and the withdrawal process can sometimes be slower than other online payment processors.