The NFL Announces New Jersey’s First Official Betting Law
The NFL beefed up its security efforts and partnered with sportsbooks and integrity firms to monitor betting activity and flag violators. It also made sure that players were aware of the rules, which are posted in every dressing room. The league also added to its roster of in-house integrity experts and increased transparency by sharing betting information with teams.
In a major scandal in professional baseball, gambler Joseph Sullivan paid eight members of the 1919 Chicago White Sox to fix the World Series. This was one of the most famous sports betting scandals in history and led to the ejection of all eight players. In 1989, Pete Rose was banned from baseball for life for his role in a similar gambling scandal.
Prop bets are a type of wager that offers odds on in-game events, such as how and when points will be scored. In the case of football games, there are a variety of prop bets, including whether the first team to score will win and how many points will be scored in the game. Other popular prop bets are totalizators, which are parlays that adjust their point spreads and totals based on the amount of money placed on each outcome.
Legalized sports betting debuted in New Jersey in December 2019 after the Supreme Court’s PASPA ruling, with retail and online sportsbooks accepting wagers. New Jersey’s first official online sportsbook was DraftKings, which was joined by SugarHouse and BetRivers. The state’s laws allow for betting on professional and collegiate teams, but player prop bets are not allowed.