Fanatics NJ Sportsbook App Bonus Code & Welcome Offer to Expect
A potential game-changer in NJ sports betting is on the horizon.
Fanatics is launching its first sports betting app in Tennessee and Ohio, followed by Massachusetts and Maryland in June and 12 states, including New Jersey by football season, as first reported by The Wall Street Journal.
Speaking recently at Sports Business Journal World Congress of Sports, Fanatics CEO Michael Rubin said these will be “the biggest states,” which is expected to include New Jersey.
The Fanatics NJ sportsbook is not live yet. Promo code and welcome bonus will be revealed soon. Here is our Fanatics bet reveiw and what to expect.
What is Fanatics Bet sportsbook?
The popular sports merchandise and apparel company is joining a fast-growing and competitive field. FanDuel, DraftKings and BetMGM currently occupy an estimated 85 percent of the sports-betting market in the United States.
Fanatics aims to offer a unique sports betting app that is more like Spotify than a traditional Vegas sportsbook. The Fanatics sportsbook will recommend wagers based on customers’ favorite teams and betting preferences, and customers will receive up to 5% of every bet placed as rewards dollars.
The company is calling this “FanCash,” which can be redeemed to buy Fanatics merchandise or have experiences such as attending games and meeting athletes.
At launch, only Fanatics customers will have access to its betting app. But the plan is to open to the general public by football season and eventually be available internationally, the company has stated.
This is notable timing because Fanatics signed a 10-year deal with the NFL, beginning in 2020, that designated Fanatics as the exclusive distributor of all NFL Nike products.
In January, Fanatics signed a letter of intent to purchase betPARX Sportsbook, which is live in New Jersey, Michigan, Pennsylvania, Ohio and Maryland.
Taking over betPARX operations would give Fanatics access to one of the nation’s top sports betting markets. BetPARX is not the most prominent New Jersey sportsbook, but Fanatics could rebrand it with its superior finances and become an exciting entry into the market.
Fanatics plans to invest $1 billion in its new sports-betting division, which it expects to be profitable by 2025 or 2026, and hopes to be the top sports-betting company worldwide within 10 years, according to WSJ. Fanatics reportedly has a valuation of $31 billion.
In attempting to leverage their current user base to grow a sports-betting business, Fanatics is modeling itself after casino companies that have promoted rewards such as free nights in a casino.
Fanatics, therefore, won’t need to spend an exorbitant amount to acquire customers upfront and it is creating a viable model where even low-spending bettors can be profitable.
But Fanatics will of course be using its marketing to target bigger sports bettors as well. The company told WSJ that it surveyed high-dollar VIP bettors, whose top choice for rewards is attending Fanatics’ annual Super Bowl party involving celebrities and performances. So that could also be a unique reward from betting on Fanatics.
Fanatics believes its advantage lies in already having 95 million customers worldwide. The company’s rewards program will include deals on team gear, signed collectibles and trading cards, among other perks not offered elsewhere. This should appeal to a wider audience.
The sportsbook’s long-term plan — sports fans having everything they want in one place digitally — should differentiate Fanatics from other betting apps in New Jersey and beyond.
“There’s not another company thinking about how do you give hundreds of millions — or maybe even long-term billions — of sports fans one place to do everything they want to do digitally,” Rubin told WSJ. “That’s going to be buying merchandise, buying and trading collectibles, betting on sports. Over time, watching live sports, maybe getting tickets from our place.”
Fanatics sportsbook app betting features: live odds, NFL, MLB, UFC parlay bet boosts, free bet promotions, rewards, results and more.
Fanatics NJ Bet Sportsbook Welcome Bonus
|Fanatics Bet Promo Code||fanatics.com|
|Fanatics Sportsbook||Launch: June 2023|
|Welcome Offer||free bets, 100% rewards|
|FanaticsBet Legal States||NJ, MA, OH, IL, IN, PA, NY …|
Specific welcome offers have not yet been revealed, but Fanatics sportsbook is likely to entice new customers with a second-chance bet or a deposit bonus upon sign-up. There may also be offers relating to the FanCash rewards program for merchandise and apparel.
Upon launch, you can register for an account by visiting the Fanatics Sportsbook website or by downloading the bet app. Fanatics NJ will offer a range of payment options including credit/debit cards, bank transfers and e-wallets.
The Fanatics sportsbook app is launching in several states in June 2023, NJ is coming later. Check out these betting apps, claim free bets and try betMGM bonus code.