NJ Measure Would Allow Wagering on In-State College Teams

A new measure in New Jersey seeks to revoke the ban preventing operators from offering wagering on in-state college teams. Arguing that the restriction is outdated, proponents of the new bill seek to remove it and refresh the state’s betting market.

New Jersey was among the pioneers of sports betting following the PASPA’s repeal in 2018. As one of the first states to launch wagering, the Garden State threaded carefully and introduced a restriction that prevents all betting on in-state college teams.

However, some believe that this rule is no longer relevant and are advocating for its removal. This includes Assemblyman Michael Venezia who introduced Resolution 140 in hopes of expanding the state’s gambling industry.

The bill would allow wagering on all types of college sporting events, resulting in a potential increase in betting and, by extension, an increase in tax revenue. Proponents say that bettors would be glad to wager on local college teams, leading to a spike in activity if the restriction is revoked.

Voters Will Have the Final Say
However, not everyone is on board with the measure. Its opponents say that allowing wagers on in-state college sports could potentially undermine the integrity of the sport. Citing examples of problem gambling, wagering-motivated corruption and efforts to fix games in other jurisdictions, some lawmakers believe that the restriction should remain in place.

In addition, those who believe that the ban should be upheld, say that allowing in-state college sports betting would expose local athletes to harassment from disgruntled bettors.

In any case, lawmakers are not the only ones who are going to have a say on the matter. Even if approved by the legislature, Resolution 140 would require a public vote before it could be passed into law. This means that voters would get the final say on the matter, deciding the future of college sports betting.

This, however, might not be ideal for supporters of the measure, considering that this is not the first time someone has tried to change how college betting is regulated. In 2021, a similar proposal reached the public ballot only to be struck down by voters with a 57% majority.