New Jersey voters have voted against a ballot measure that would have allowed the state’s sportsbooks to offer odds on college sporting events involving in-state teams.
With 97.5% of the precincts already reporting results, the local New Jersey press reported that 57% of voters said no to the ballot question. However, another ballot measure that would allow nonprofits to use the money they collect from games of chance to support their operations was approved by 64% to 36%.
New Jersey Voters Reject Changes to College Sports Betting Restrictions New Jersey Voters Reject Changes to College Sports Betting Restrictions New Jersey Voters Reject Changes to College Sports Betting Restrictions, the ballot measure could have seen the state increase taxes by a significant amount as local gamblers tend to bet heavily on college sports involving out of state teams.New Jersey sportsbooks set a new monthly record in September as gamblers placed more than $1 billion in wagers throughout the month. This made the state the first to break the $1 billion threshold in a single month.
Natasha Lyndon
New Jersey Voters Reject Changes to College Sports Betting Restrictions