New Jersey College Sports Betting Question Rejected, Governor’s Race Shocks Bettors

New Jersey college sports betting involving body politic schools or taking come in within the state’s boundaries will remain prohibited.

New island of Jersey voters on Election Clarence Day were asked to elite their next governor, but also to settle if state lawmakers should experience the freedom to spread out betting options for licensed oddsmakers. The state’s stream sports betting law allows sportsbooks to bid lines on college sports, but only when if the games manage not involve body politic universities, and are held out of doors the Garden State.

Question 2 asked New Jerseyans if they reinforcement allowing politicians inward capital of New Jersey to laissez passer lawmaking that would amend that regularization and work inward total college sports gambling. The people said no.

Question 2 was easy rejected, with more than 64 percent of voters locution sports betting should remain under its present regulatory environment.

New island of Jersey is today the largest sports betting market place inward the nation. Licensed sportsbooks in 2020 took inward more than $6 one thousand million inward grip — aka bets placed — and kept o'er $393 zillion of the action.

Governor’s Race Too Close to Call

The biggest shocker nationwide of the 2021 election came in New island of Jersey where Gov. Phil Murphy (D) was considered a close sure-thing to win reelection. This morning, however, that is certainly not the case.

As of the latest voter turnout count, Murphy, which political bettors on PredictIt gave a rough 95 percent chance of winning, trails Republican River challenger Jack Ciattarelli by just 1,193 votes.

We’re going to waitress for every voter turnout to live counted. That’s how our democracy works,” Murphy said inward a legal brief spoken language to his supporters.

Ciattarelli, a former New island of Jersey assemblyman, said he has “one hellhole of a triumph speech” ready. But until “every legal count” is counted, he’ll bear sour on delivering it.

Tuesday’s gubernatorial results inwards New Jersey came as a all over shocker to to the highest degree political pundits and bettors. Nearly everyone, from the mainstream media to the pollsters, had Murphy easily winning a indorsement term.

The 2021 election is existence cited as a referendum on Democratic strongholds and their manipulation of the pandemic.

Ciattarelli said at a recent hunting expedition exchange that at that place would be no coronavirus mandates below his giving medication — a great divergency from Murphy who imposed strict regulations on people and businesses throughout 2020 and much of this year. Those restrictions impacted Atlantic City where casinos were forced to stick to a surfeit of orders from the governor.

Ciattarelli Upset Would Pay Handsomely

Murphy’s encamp believes the governor testament relieve emerge as the superior erstwhile all the votes are tallied. But if the Republican River pulls sour the upset, PredictIt bettors who wagered on Ciattarelli will win big.

Prior to the polls opening, Ciattarelli’s shares of winning the 2021 New Jersey gubernatorial election were trading at just now heptad cents. If he becomes the next governor, those shares would live redeemed at $1 each.

PredictIt allows players to purchase upward to $850 worth of shares inward a market. Assuming a wagerer did so with Ciattarelli at heptad cents a tonic and bought 12,142 shares, the wager would mesh $11,292 before PredictIt fees.