NCAA moves championships from N.J. due to sports gambling law
The National Collegiate Athletic Association will relocate five championships from New Jersey after the state adopted regulations for sports wagering at racetracks and Atlantic City casinos.
NCAA rules prohibit holding any championship session in a state with legal wagering that’s based on single-game betting involving a point spread or money line.
While sports gambling is still prohibited in New Jersey by a 1992 federal law, the state has filed a lawsuit challenging the ban. Yesterday’s action by the state’s Division of Gaming Enforcement will allow casinos and racetracks to apply for licenses to provide sports wagering starting Jan. 9, 2013, with the applications costing $50,000. (Matuszewski, Bloomberg)
