Do New Jersey Laws Allow Credit Card Gambling?

Gambling is growing in popularity throughout New Jersey, leading many residents to question different rules, laws, and regulations. One topic regularly being searched online is whether or not the laws in this state permit credit card gambling. 

Credit cards and gambling are two things that some countries and states don’t think should mix. Nevertheless, you will find hundreds of casino sites that accept credit cards, as well as plenty of sports betting sites or daily fantasy sports apps. We’re here to explore the specifics of New Jersey’s gambling regulations so you can find out if credit card betting is allowed or not. 

A General Overview Of New Jersey Gambling Laws

Before we look at the legalities of credit card gambling, let’s establish if gambling as a whole is allowed in New Jersey. 

The state is home to Atlantic City – second only to Las Vegas in terms of casino resorts – so it has fairly relaxed views on gambling compared to other states. Both online and offline casino gambling are permitted, as are the following: 

  • Sports betting

  • Horse race betting

  • Fantasy betting

  • Lotteries

Online casinos and sports betting are bother covered by the New Jersey Casino Control Act. This is a set of regulations outlining what must be done for companies to legally operate online casinos or digital sportsbooks in the state. 

You should also be aware of the age restrictions for gambling in New Jersey. The interesting thing here is that you have two different minimum ages depending on what you’re doing. 

If you are at least 18 years of age, you can gamble on the following: 

  • Fixed-odds 

  • Bingo

  • Lottery

  • Fantasy sports

If you are at least 21 years of age, you can gamble on: 

  • Casinos

  • Sports betting sites

  • iGaming 

Does New Jersey Permit Credit Card Gambling?

Rules surrounding in-person payments at traditional casinos are quite confusing. Some let you pay with credit/debit cards while others don’t. It comes down to the casino’s preference, though New Jersey does accept cashless gambling. 

What about online gambling? 

Again, it’s all down to the operator and how they wish to accept payments. There are no regulations prohibiting credit card gambling in the state of New Jersey. If an online casino or sports betting site allows this method, you’re free to use it as you please. 

The following payment methods are widely accepted by an array of casinos, sportsbooks, and fantasy sports apps: 

  • Apple Pay

  • Google Pay

  • PayPal

  • Visa Credit/Debit

  • Mastercard Credit/Debit

  • American Express

  • Discovery (A rare option, but it can be found)

  • Moneygram

  • Digital checks

You’re advised to look around before joining sites as it helps you figure out which operators allow certain payments. If you want to use your credit card, then you need to find an online gambling provider that gives you this option. 

We should also note that a lot of New Jersey-based online casinos will accept credit card deposits but not withdrawals. You can add funds using your card, yet your winnings are paid back via a different method. This will normally be a direct bank transfer or any of the site’s other withdrawal options. 

Are Any Gambling Payment Methods Banned In New Jersey?

Yes, according to the Gaming Regulations and Statutory Requirements for gambling operators in New Jersey, cryptocurrency is not permitted as a payment for gambling transactions. 

This means you will not be allowed to use any cryptocurrency to deposit or withdraw funds from a casino or sports betting site licensed in this state. It’s important to know this as you can spot illegal sites from a mile away. If an online casino claims to have an NJ license and offers crypto payments, you know to stay well clear. 

Those of you who may own cryptocurrency and use it as a regular payment method will need to remove it from your crypto wallets and transfer the funds to a credit card or e-wallet. For instance, it is possible to transfer cryptocurrency to a PayPal account and then sell it to get cash. This cash can then be used for online gambling – so it’s technically a way of using cryptocurrency without actually making a crypto payment. 

Should You Gamble With Credit Cards?

Before we round off this post it’s good to question whether credit card gambling is right for you. Some starts are banning this payment method as they believe it can be dangerous. A credit card effectively lets you wager money you don’t technically have access to. 

Still, it can also be a great way to budget yourself when gambling and prepare for losses. If you lose a $50 bet using your credit card, you have at least a month to prepare for this loss to hit your bank balance. 

In short, credit card gambling can be beneficial, but only if you adhere to the following tips: 

  • Set a deposit limit

  • Never max out your credit

  • Ensure you can afford to pay your credit card bill

To summarize: credit card gambling is legally allowed in New Jersey. It’s one of many accepted payment methods, with Visa, Mastercard, and American Express being the main credit cards allowed. If you’d like to read more about New Jersey and the current events/news, please click here

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