A new legislative measure in New Jersey aims to lift the ban on wagering on in-state college teams. Proponents argue that the restriction is outdated and that its removal would revitalize the state’s betting market.
Background on NJ sports betting
New Jersey was a pioneer in sports betting following the repeal of PASPA in 2018. As one of the first states to offer sports wagering, New Jersey implemented a restriction preventing bets on in-state college teams to safeguard the integrity of local sports.
Advocates for change
Assemblyman Michael Venezia is among those advocating for the removal of this ban. He introduced Resolution 140, which seeks to expand the state’s gambling industry by allowing bets on all college sporting events. Proponents believe this change would lead to increased betting activity and higher tax revenue.
Arguments for the measure
Supporters of the bill argue that allowing wagers on local college teams would boost betting activity and satisfy local bettors’ interests. They see the restriction as no longer necessary and believe its removal would modernize the state’s betting regulations.
Concerns and opposition
Opponents of the measure caution that lifting the ban could undermine the integrity of college sports. They point to examples of problem gambling, corruption, and game-fixing in other jurisdictions as reasons to maintain the restriction. Additionally, they worry that local athletes could be exposed to harassment from unhappy bettors.
Public vote required
Even if the legislature approves Resolution 140, it will require a public vote to become law. This means New Jersey voters will ultimately decide the future of college sports betting in the state.
The measure faces an uphill battle, as a similar proposal in 2021 was rejected by voters with a 57% majority.
