New Jersey Moves to Ban Microbetting Amid Problem Gambling Surge
New Jersey has witnessed a surge in problem gambling since legalizing sports news, with a 277% increase in calls to the state's helpline. In response, Assemblyman Dan Hutchison has introduced Bill A5971 to ban microbetting, citing concerns about regulation and corruption. Microbetting, which allows wagers on individual in-game actions, has gained popularity among major sportsbooks like DraftKings and Caesars Entertainment. However, Assemblyman Hutchison argues that these bets are harder to regulate and more susceptible to corruption. He believes they encourage nonstop, impulsive wagering, contributing to the rise in problem news. The bill, part of New Jersey's efforts to regulate its growing news sector, proposes fines between $500 and $1,000 for sportsbooks violating the ban. This comes after the state recently increased tax rates on online sports news and iGaming, and banned sweepstakes-style casinos. Governor Phil Murphy has already signed a bill preventing sportsbooks from partnering with public colleges and universities. With problem gambling on the rise since sports news was legalized, New Jersey is taking steps to address the issue. Assemblyman Hutchison's bill aims to ban microbetting, while the state continues to implement stricter regulations and higher taxes in the news sector.
