A judge reduced George Carty's bail to $50,000 after a ruling that a statement he made to police would not be admissible in court. His bail had been as high as $500,000.
The lower bail allowed his family to get him out of jail Tuesday night, as first reported by The Press of Atlantic City.
Authorities say he has described how he killed John Attenborough in Cape May County's Lower Township.
But Carty says his statement was giving hypothetical examples of what might have happened - and that he wasn't at the murder scene.
An appeals court says that 2007 statement cannot be used at trial.
Information from: The Press of Atlantic City, http://www.pressofatlanticcity.com