New sports wagering code bans college betting partnerships

KIFI

Published March 28, 2023 7:25 AM

By WAYNE PARRY
Associated Press

ATLANTIC CITY, N.J. (AP) — The U.S. gambling industry is adopting a new responsible marketing code that will ban sports books from partnering with colleges to promote sports wagering. It also will prohibit payments to college and amateur athletes for the use of their name and image, and will end the use of terms including “free” or “risk-free” to describe promotional bets. The American Gaming Association tells The Associated Press the changes are necessary to keep up with developments in the fast-growing legal sports betting industry. That industry currently operates in 33 states plus Washington, D.C. The new rules also follow criticism of the gambling industry from sports betting advertising and partnerships.

Article Topic Follows: AP National Business

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