Betfair Online Casino

Online Casino Review

Overall Rating: 4.4/5

Betfair Online Casino was launched in 2013 in partnership with the Trump Plaza. It began as an online casino and online poker site but dropped poker after it failed to gain any traction. Once Trump Plaza closed in 2014, Betfair was left to find a new partner and had a brief stint with Caesars Casino before permanently joining up with the Golden Nugget in Atlantic City, New Jersey. Betfair put themselves on the map in 2015 by paying out the highest prize in New Jersey online gambling history when a bettor won $1,522,000 on a single hand of Let It Ride. The site is available to all Mac and PC users in New Jersey over the age of 21 via their web browser version, and it is available to iOS and Android users via their mobile app. Due to their partnership with the FanDuel Online Casino, players will be able to use their username and password for both.

Pros:
  • Great selection of games
  • Excellent mobile app
  • Top notch customer service
Cons:
  • Bad rewards program for casual users
  • Limited withdrawal options and no PayPal for withdrawal

FAQs

Are my winnings taxable? All New Jersey online casino winnings must be reported to the IRS when you complete your annual federal tax return. This is done on Form 1044. You will tally up your total winnings and report them under the “other income” section. The winnings must also be added to your state tax return and are taxed according to your tax bracket.
How do I get started?

To sign up for a new account, users will have to enter personal information and create a username and password. Once this is done, Betfair will run a geolocation search to ensure that the user is in New Jersey.

How do I deposit and is there a minimum?

To deposit money into a Betfair account, users can choose ACH transfer, Mastercard/Visa, PayPal, wire transfer, BillPay, checks, Skrill, PayNearMe at a 7-Eleven, Betfair prepaid card, or in-person at the Golden Nugget Atlantic City. In-person deposits can be done with cash, credit, debit, or a person check deposit. There is a $10 minimum on all deposits.

Is there a deposit bonus?

For first time deposits, users are given 24 hours of “risk-free” play up to $200. All losses within the first 24 hours will be refunded as site credit that can be used to play games but not to withdraw.

How can I withdraw my winnings? And how long does the withdrawal process take?

To withdraw, users have four options to take their money off the site. They are given the option of ACH transfer, check, Betfair prepaid card, or in-person at the Golden Nugget Atlantic City. In-person and prepaid cards are the quickest options as they are instantaneous. An ACH transfer will take two to five business days, and a check will take up to seven business days.

Pros

One of the biggest ways Betfair excels at the moment is in its game offering. The site currently offers a massively high 340 different slot games, 9 video poker games, 8 roulette tables, and 6 blackjack games. They have a variety of other games that are less commonly seen like Let It Ride, No Commission Baccarat, Hi-Lo Solitaire, Poker Bet, and EZ Baccarat. Some of their games are even exclusive to the Betfair site. Betfair also has live dealers for four blackjack games, two roulette tables, baccarat, and Casino Holdem, and they have virtual sports to bet on for horse racing, dog racing, motorcycle and car racing, and soccer. Their big selection of games dwindles somewhat but not terribly on their mobile app. They still have a wide variety of offerings and even a significant amount of live-dealer games. The app is also state-of-the-art and one of the best on the market. It is crisp and easy to use, and it is one of the best in the state of New Jersey. Betfair boasts a great customer support system via live-chat, phone call, or email. The thing that sets their options apart from some of the other customer support systems in New Jersey is that they are very quick to get back to their customers. There is a very small wait time for most inquiries which is a major bonus for all players.

Cons

A lot of the things that are negatively affecting Betfair currently have to do with their rewards and promotions program. They are mostly aimed towards high-volume and high-stakes players which leaves out the more casual players on the site. The weekly promotions are really only applicable to high-stakes players, and their actual rewards system (discussed below) has very steep play requirements. Another thing affecting Betfair is that it has just four withdrawal options which is pretty low compared to most of the other New Jersey sites. This coupled with the fact that they don’t offer PayPal as a withdrawal option can be very frustrating.

Rewards

Betfair runs on a rewards program called the Betfair Casino VIP. This rewards program offers players the chance to win special bonuses, event tickets, and different gifts from the site of the Golden Nugget Atlantic City. There are five levels to the rewards program: VIP Iron, VIP Bronze, VIP Silver, VIP Gold, and VIP Platinum. To make their way through these levels, players have to play real money casino games (aside from craps and Poker Bet) to earn Tier Points and Bonus Points. Tier Points determine the level that the player is on, and Bonus Points can be redeemed for cash. This rewards system is built for players that will be playing a lot and risking a lot of money.

How To Sign Up and Deposit

To sign up for a new account, users will have to enter personal information and create a username and password. Once this is done, Betfair will run a geolocation search to ensure that the user is in New Jersey. To deposit money into a Betfair account, users can choose ACH transfer, Mastercard/Visa, PayPal, wire transfer, BillPay, checks, Skrill, PayNearMe at a 7-Eleven, Betfair prepaid card, or in-person at the Golden Nugget Atlantic City. In-person deposits can be done with cash, credit, debit, or a person check deposit. There is a $10 minimum on all deposits. For first time deposits, users are given 24 hours of “risk-free” play up to $200. All losses within the first 24 hours will be refunded as site credit that can be used to play games but not to withdraw. To withdraw, users have four options to take their money off the site. They are given the option of ACH transfer, check, Betfair prepaid card, or in-person at the Golden Nugget Atlantic City. In-person and prepaid cards are the quickest options as they are instantaneous. An ACH transfer will take two to five business days, and a check will take up to seven business days.

Conclusion

Betfair is one of the best sites on the New Jersey market. They have a great selection of games, an easy to use mobile app, and some of the best customer service in New Jersey. They do struggle with promotions and limited withdrawal options, but, overall, this is a great option for all New Jersey gamblers.

  • Reputation and Licensing: 5/5
  • Game Variety: 4.5/5
  • Game Quality: 4.5/5
  • Bonuses and Promotions: 4/5
  • Deposits and Withdrawals: 4/5
  • User Experience: 4.5/5
Overall Rating: 4.4/5