Since the legalization boom of sports betting here in the U.S., some states have adopted the rule that you can’t bet on collegiate athletic events that are within your borders. New Jersey doesn’t allow bettors to place wagers on schools like Rutgers and Seton Hall.
No NY Bets
If the New York State Gaming Commission approves the rules for operating and licensing sports betting, the same thing could be taking place in The Empire State. These rules would take place by mid- to late summer, conveniently in time for the start of football season.
It’s important to remember that this rule is for both home and away games. Let’s say Syracuse is playing a game in North Carolina. Bettors would be prohibited from placing that bet while in New York. Not to mention, if there’s a college game being played (NIT, bowl games, etc.) in New York as the neutral site, those won’t be allowed either.
To say this isn’t a big deal would be absolutely false. In the state of New York, there are 22 D-1 basketball programs, and half of them (Albany, Army, Buffalo, Colgate, Columbia, Cornell, Fordham, Marist, Stony Brook, Syracuse, and Wagner) also have football programs in the FBS or FCS which can be bet on.
“I think there’s an acknowledgment that the risk is greater when you’re talking about betting on college, more so than professional sports,” said Karl Sleight, a New York lawyer who specializes in gaming law.
Sleight also added that collegiate athletes don’t make a lot of money, so they could be influenced by outside sources to fix a game and get some extra cash in their pockets that way, which has happened before.
However, with the number of additional prop bets and things of that nature, this opens up a new lane of possibilities for money to be made. This is why there’s more pressure than ever for the states to limit collegiate gambling.
College sports, in general, have always been a question of ethics. Especially for the NCAA, which is the governing body for college sports. The following statement is on the NCAA’s official website:
“The NCAA opposes all forms of legal and illegal sports wagering., which has the potential to undermine the integrity of sports contests and jeopardizes the welfare of student-athletes and the intercollegiate athletics community.”
At the end of the day, gambling on college athletics is going to lead to more TV ratings, which will ultimately lead to more revenue. Eventually, there’s going to be a day when everyone is on the same page. Until then, there will always be tension in the room.