A bill that would prohibit college player props at sportsbooks in New Jersey is getting traction in the legislature.
The New Jersey Assembly's tourist, gaming, and arts committee voted Thursday to launch A4905, advancing the legislation and moving it closer to passage in Trenton.
A4905 - and its twin in the New Jersey Senate, S3080 - would ban sportsbooks from using or accepting "any wager on a player-specific proposition bet on any college sport or athletic event."
In other words, there would be no more college gamer props for Garden State punters at locally regulated sportsbooks if the bill becomes law.
While New Jersey sports betting guidelines prohibit betting on in-state college groups, they allow betting on college gamer props, a minimum of for now.
"As one of the very first states to legislate sports betting, I think that it is our responsibility to guarantee that we set the very best example we potentially can for all others who want to follow our lead," said Democratic Assemblyman Sterley Stanley, A4905's sponsor, in a statement following the committee vote. "Even as a strong fan of the sports betting industry, I think it is incumbent upon us to recognize the amazing pressures that college athletes face between their academic and athletic responsibilities. My legislation guarantees that they do not have actually those pressures compounded by problem bettors that have concerned harass our college athletes when gamblers lose cash on college player proposal bets."
Be 'affordable'
If New Jersey were to prohibit college gamer props, it would continue the current trend of states kiboshing those betting markets over concerns of student-athlete harassment and abuse, to name a few things.
The National Collegiate Athletic Association (NCAA) and its president, previous Massachusetts guv Charlie Baker, have been lobbying states for prop restrictions with those concerns in mind. The NCAA supports A4905.
"Sports wagering is on the rise, and with it, so is the threat for college professional athletes, and there is no concern they are getting bothered by wagerers," Austin Meo, the assistant director of government relations for the NCAA, told the Assembly committee on Thursday. "That threatens the integrity of the game, and it threatens the health and wellbeing of college professional athletes all over."
Meo stated that 20 states permit college gamer props in some kind. However, he also kept in mind that at the start of 2024, there were 24 states, before Ohio, Maryland, Vermont, and Louisiana moved this year to restrict those wagering markets.
"Taking an affordable step that half the states with sports betting have taken to prohibit prop bets is something New Jersey can do to assist react to this serious concern," Meo said.
Highway to 'hell'
There is no warranty New Jersey will go through with a college gamer prop restriction, although current history recommends there is a possibility. Nevertheless, A4905 and S3080 will deal with opposition from licensed sportsbook operators and other interested parties in the Garden State, among the most fully grown markets for legal sports wagering in the U.S.
Lobbyist Bill Pascrell, of Princeton Public Affairs Group, informed the Assembly committee on Thursday that there is "no evidence or favorable details" from the concerned celebrations that enabling prop bets makes gamers more vulnerable than enabling betting on college groups.
Pascrell stated banning college player props will move that action to prohibited and offshore sportsbooks, even if that action is a fairly small percentage of all sports betting.
"The states do not have the long arm of the law to reach the black market," Pascrell said in opposing the costs. "This makes sure that folks that wager this kind of prop bet, and it's a small segment of the industry, around 2 to 4%, will simply go to the black market. And we do not see any evidence favorable that by providing this bet, we're making folks more susceptible, because the bet will simply relocate to the black market."
Pascrell stated New Jersey's ban on in-state college wagering pushed banking on those schools in basketball competitions to the black market or sportsbooks in neighboring states.
"I understand this bill has the finest of intentions, however I believe often the roadway to hell is paved by the finest of objectives, and I believe we must reevaluate this issue, since I'm worried about the explosion of the black market and this will aid those in the black market," Pascrell informed the committee.
prop betting is completed in Ohio since March 1. Matthew Schuler, executive director of the Ohio Casino Control Commission, revealed today he approved the NCAA's request to ban such wagering. Any remaining futures must be voided by next Friday.
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New Jersey Lawmakers Advance College Player Prop Betting Ban
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