NJ Gov Signs Bill Prohibiting Public College Sports Betting Deals
A bill prohibiting public colleges and universities in New Jersey from partnering with sports betting brands has been enacted into law.
LISTEN TO THIS ARTICLE:On Tuesday, July 8, New Jersey Governor Phil Murphy assented to Assembly Bill 4113, effectively banning colleges and universities from entering into sports betting partnerships that allow gambling brands or operators to advertise in their stadiums, facilities, or other campus venues.
The ban extends to digital and broadcast sports content and covers athletic departments and booster clubs. However, the bill allows foundations affiliated with public institutions to partner with sports betting brands, provided there's no direct marketing to students.
The law also permits collaborations between state schools and gambling operators for academic purposes or experiential learning opportunities for enrolled students.
Public institutions subject to the new law include Rutgers, Kean University, Montclair State University, New Jersey Institute of Technology, and Rowan University.
The bill was proposed by Assemblymembers Linda Carter and Benjie Wimberly last April and progressed into the current session. In March, it passed the State Assembly and cleared the Senate last month.
There are currently no active partnerships between New Jersey public educational institutions and sports betting brands, and with the signing of A 4113, the door to such deals has been officially shut.
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College Props and Tax Change
In related news, a New Jersey bill aiming to ban college player props in the state has advanced. Senate Bill 3080 was introduced by Senators Kristin Corrado and James W. Holzapfel in April as a measure to prohibit sportsbooks from offering wagers on individual college player performances.
The proposed legislation seeks to shield student-athletes from the harassment and abuse linked to sports betting. The bill cleared the Senate State Government, Wagering, Tourism & Historic Preservation Committee with a 5-0 vote last month, advancing it to the Senate floor for further consideration.
Another recent development in the NJ online gambling and sports betting market is the increase in the state’s gambling tax rate. Last month, lawmakers agreed to raise the tax rate to 19.75%, a compromise between the existing rates of 13% for online sports betting and 15% for internet casino games, and the 25% rate initially proposed by Governor Phil Murphy.
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