When it comes to money matters, everyone enjoys getting funds a lot more than spending funds. And certainly, anytime you can get some cash back, it’s always a good day.
In the online sports betting industry, cashback offers are provided on occasion as special promotions. These offers are just what they claim to be—a return of a percentage (normally 10%) of the funds that you’ve wagered with an online sportsbook.
Cashback bonus in sports betting works like casino cash back programs.
The more you bet, the more cash points you can earn and redeem for small but valuable prizes or merch. In some cases, sportsbook bonus includes cashback on winnings in real money – get $150 in Bonus Bets back if your team wins at Fanduel NJ, for example.
We would also call 2d Chance Bet up to $250 at Betrivers Sports a kind of cashback bonus — where you get money back if your first wager loses.
New Jersey Sportsbooks That Offer Cash Back Bonuses
In New Jersey, these are the online sports betting sites currently providing cashback offers. We found 3 best options for you: ESPNBet, Fanatics and Sporttrade.
ESPN Bet VIP New Player Offer
ESPN Bet (former Barstool) is providing a significant cash back offer to new players, but you’ll need to make a significant amount of wagers to take advantage of this promotion. They will give you 25% of your net losses of $20 or more back, delivering up to as much as $2,500 in eligible cash back.
Here’s the catch – to be eligible for this offer, you’ll need to wager $20,000 or more during your first seven days as an ESPN Bet customer. The cashback rate is set at 100% on sportsbook or casino wagering, up to the maximum of $2,500.
To access this offer, you’ll need to enter the promo code VIP2500 when you register a new account with ESPN Bet. If after seven days of wagering you are showing a net loss of $20 or more, you’ll be eligible to get as much as $2,500 in cashback. All of the wagers must be funded by your cash wallet balance. You’ll receive the cashback within 72 hours and it must be used within seven days of receipt.
Sporttrade Cash Back Offer
Launched in the fall of 2022, Sporttrade is a sports betting exchange. They welcome New Jersey players to their sportsbook with a unique signup bonus package.
Instead of traditional welcome bonuses that provide matching first deposit amounts, or second-chance bets on first-bet losses, at Sporttrade, their welcome offer consists entirely of cashback.
During your first seven days as a customer with Sporttrade, they will track all of your betting activity. As the week concludes, they will calculate what 3% of that total would be. That amount will be refunded to your Sporttrade account in the form of withdrawable cash, up to a maximum of $300. And there’s no wagering requirements attached to the funds.
Fanatics FanCash
While not technically a cashback offer, at FanaticsBet you can get sums of their promotional FanCash when your parlay wager comes close to coming in as a winner. With their Last Leg Letdown promotion, each week Fanatics selects 20 bad beats from parlay plays and gives those players $100 in Fanatics Sportsbook FanCash.
To be eligible for this promotion, you’ll need to have played a parlay of at least three legs at minimum odds of +1000 and a minimum wager of $20. If all but one leg of that parlay comes through, then you’ll be among those considered for the FanCash offer.
FanCash is a merchandise credit that you can apply to your next purchase from Fanatics or any of the company’s eligible partners.
Bet with your head and earn cash points with the best betting apps in New Jersey.
