New Jersey casinos and sportsbooks are in a fierce competition for users and offer free money for new players who sign up and deposit funds. This means you can get a rare edge over the casino by betting with house money — but there’s a catch.
Nearly all New Jersey online sportsbooks and casinos offer promo codes that allow you to take advantage of generous bonuses available to new players. Many casinos offer a free no deposit bonus, which is often around $20 to $30, while nearly all offer deposit match bonuses, which can range upward of $1,500. All of these promos come with a wagering requirement or withdrawal restrictions, however, which means you will have to place a number of bets before you can access that free money.
The lucrative offers are attractive but it is important to read the fine print so you don’t get burned. Below is a quick introduction to the types of bonus codes offered by New Jersey online sportsbooks and casinos and how you can make the most of their offerings.
What is a Promo Code?
A promo code is a short code that you enter at sign up that unlocks various bonuses offered by the sportsbook or casino.
There are two main types of bonuses that these establishments offer: a free play bonus and a deposit match bonus.
The free play bonus is, in fact, free and a great way to test out several sportsbooks or online casinos before committing to one. Casinos like the Golden Nugget, Caesars, and Tropicana offer $20 to $30 in free money to get you started with no deposit required. These bonuses are available to new players only and, of course, there’s a catch.
The free play bonus typically comes with a wagering requirement. For example, Caesars offers $25 in free money upon signup. To unlock the money, however, you will need to wager the full $25 at least once on slots before you can cash out.
Wagering requirements also differ from game to game. While slots offer you a 1X wagering requirement, Caesars has a higher wagering requirement on games like video poker and table games because they have a lower house edge. Non-slot games typically have a 5X wagering requirement.
The other type of bonus is the deposit match bonus. Most casinos will offer you a 100% deposit match bonus up to a certain sum on your very first deposit. For example, the Golden Nugget offers a 100% deposit match bonus of up to $1,500 on your first deposit, though most other casinos offer match bonuses below $1,000. So if you deposit up to $1,500, the casino will give you an additional $1,500 if you unlock the bonus.
Every deposit match bonus comes with high wagering requirements. Some casinos will require a 10X wagering requirement at slots to unlock the bonus while other games like blackjack or video poker have a 50X wagering requirement. The Golden Nugget, for example, has a 10X slot wagering requirement plus a bonus wagering requirement, which means you also have to wager the full sum of the bonus even after you’ve met the 10X requirement.
Many casinos will also set time restrictions on their promos, which means you may only have two or four weeks to complete the wagering requirements or lose the full bonus, though most casinos will allow you to unlock the bonus money in chunks.
How to Use Promo Codes
As you can see, free money is never really free but there are great deals to be had once you have found the right sportsbook or casino for you.
Using a promo code is easy. It is best to try a few free play offers before committing to a specific sportsbook or casino to go after the deposit match bonus.
To sign up at Caesars, for example, you must be a new customer and enter your personal information on the sign-up page.
After you have submitted your details, the site will verify your identity and allow you to access your account. You can click the Credit Claim button and the free play money will be deposited to your account within 72 hours.
You must then wager the $25 at least once on slots before you can cash it out. You have 7 days to complete the requirement or lose the credit. If you play other games like blackjack or video poker, you will have to wager $125 to be able to withdraw the free funds.
The process works the same with other casinos and other bonuses. Be sure to read the fine print before committing to any bonus. Keep in mind that wagering requirements are often more important than the total of the bonus since some lower bonuses may be easier to unlock than bigger ones. Remember that these requirements are based on slots and are much higher if you are playing other games.