New NJ Bill Moves to End In-State College Sports Betting Ban
The topic of in-state college betting is back before New Jersey lawmakers again as Assemblyman Michael Venezia spearheads a new effort to legalize wagering on collegiate sports in the state.
Rutgers, SHI Stadium, Picatsway, NJ. Venezia's bill aims to legalize wagering on all in-state college teams.
LISTEN TO THIS ARTICLE:Venezia has proposed Resolution 140, a constitutional amendment seeking to legalize betting on all state college sports and athletic events. If passed, the measure would permit NJ licensed sports betting operators, partnered with casinos and horse racetracks, to accept wagers on in-state college sports events.
Current New Jersey's sports betting law bans sportsbooks from offering odds on colleges and university athletics within the state, including notable college sports teams like Princeton, Rider, Rutgers, Saint Peter's, and Seton Hall.
ACR 140 would pave the way for legalizing bets on these in-state college teams. However, it would be subject to voter approval in the November general election. Before the election month, it is required that the public notice of the proposed bill be published in newspapers across all counties to ensure widespread awareness and transparency.
Before Venezia, several lawmakers attempted to repeal the ban on in-state college sports betting in New Jersey. One notable effort was in 2021 when Vince Mazzeo spearheaded a bill for the cause ACR 200. The bill did well in the legislature, passing with an overwhelming margin of 36-1 in the Senate and 70-4 in the Assembly.
However, it was rejected by voters in the subsequent referendum, with a decisive 57% voting against the measure.
More Regulation News
College Props Betting Ban Proposal
While some lawmakers want the expansion of college sports betting in the Garden State, other personalities in the legislature are looking to limit it. In April, Sen. Kristin Corrado R-Passaic sponsored Bill S3080, a bill that sought to prohibit wagering on college prop bets in the state.
The measure seeks to protect student-athletes, coaches, and team officials from the potentially harmful effects of sports betting, including exploitation, harassment, and undue influence.
The bill was introduced after NCAA president Charlie Baker urged the ban of college player prop betting across the United States.
RELATED TOPICS: Regulation
Latest News
Most Read
Must Read
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for New NJ Bill Moves to End In-State College Sports Betting Ban