New Jersey Moves to Ban College Athlete Betting Props

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00:00 (upbeat music)

00:02 - So, you know, Pat Evans is usually our predictor

00:07 here on the show, Matt, but I guess I'm gonna put you

00:09 on the spot today 'cause you are here.

00:11 New Jersey looks like they're the next state

00:13 that are trying to ban these props on college athletes.

00:17 And we have college football season,

00:19 which is closing in now, believe it or not.

00:21 I mean, we're almost at the summer

00:22 and then by the time August comes,

00:24 people will have that opportunity again.

00:25 I guess I would ask you,

00:26 do you think that this is just going away?

00:28 Do you think that we've seen the last of being able

00:31 to bet on college player props?

00:34 And I would suppose, I think football would be next up

00:37 to see if that ends up happening.

00:39 - Yeah, you know what, Craig?

00:42 Early in this process, I would have said, I'm not sure.

00:45 I wouldn't have been able to give you an answer

00:47 on which way this was gonna go.

00:49 But now I really do think that more states

00:52 are going to come away with just banning this

00:55 and taking it out of the options.

00:58 And I think a lot of it has to do

01:00 with the way that Ohio approached it.

01:02 Ohio released stats showing that like 1.35%

01:07 of their total billions of dollars of business

01:10 that they did last year had to do

01:12 with these college player props.

01:14 So it's a very small piece of the pie.

01:16 And I think once other regulators and legislatures

01:20 are able to see that and say, oh, that's a small number,

01:24 this is gonna make the NCAA happy,

01:26 we can play ball here.

01:27 And that's exactly what's happening in New Jersey, Craig.

01:31 If you look at what the Senator told us,

01:35 all she did was hear that Charlie Baker

01:38 wanted this nationwide ban.

01:40 They haven't even talked to the NCAA yet.

01:42 She simply just saw that Charlie Baker was calling for this

01:48 and saying that it was a good thing for colleges

01:50 and then introduced the bill.

01:52 And so I think, yeah, I think if we're gonna get

01:55 a lot of knee jerk reaction like that,

01:58 certainly this is gonna be something

02:00 we're talking about for a while.

02:01 And then like I said, I think the way that Ohio handled it,

02:04 they're showing that, look, it's not gonna be a huge hit

02:08 to the bottom line here.

02:10 So it's college rules and betting, Craig.

02:14 There's always something going on with it.

02:16 Connecticut right now, you're only allowed to bet on UConn

02:19 in Connecticut if it's to win an NCAA tournament.

02:23 So you couldn't go in and bet on UConn

02:24 to win each game in the tournament.

02:27 You can only bet on them to say,

02:28 they're gonna win the tournament.

02:31 But Connecticut legislators are trying to undo that.

02:36 So some states are trying to take away college betting.

02:38 Some states are trying to add more college betting.

02:41 One of those things where everybody

02:46 is just gonna have different rules for a long time.

02:48 And we go back to talking about the NBA

02:50 and Adam Silver said, this happening just shows

02:54 how much we need federal regulation.

02:57 And when it comes to these little issues like this

02:58 that you see every state start to pick up,

03:01 it's hard to argue with them there.

03:02 But obviously operators want nothing to do

03:04 with federal regulation.

03:06 (upbeat music)

03:08 [Music]

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