US lawmakers target colleges fielding athletes who bet on games
The fine rises from 5% to 10%, then 20% for later offences, based on a school’s gross athletics receipts.
The hit
Two US Representatives have introduced a bill that would fine colleges for fielding athletes who bet on college sports or played professionally in that same sport. Adrian Smith & Brendan Boyle brought the Fair Play Enforcement Act to Congress this month, according to Casino.org, prompted by a recent scandal involving LSU.
Why it matters
Smith & Boyle say the bill would hold colleges accountable for fielding athletes who violate fair competition standards. For colleges, it raises the cost of weak vetting: schools that knew or should have known about a banned athlete face a fine. Boyle says the bill creates “a financial consequence for schools that cross that line”.
The record
| First offence fine | 5% of a school’s gross athletics receipts |
|---|---|
| Second offence fine | 10% of a school’s gross athletics receipts |
| Third offence fine | 20% of a school’s gross athletics receipts |
| Penn State estimated first-offence cost | almost $13m |
| Penn State estimated second-offence cost | $25.5m |
| Penn State estimated third-offence cost | $51m |
What happens next
Watch for committee hearings on the Fair Play Enforcement Act & whether lawmakers clarify if prediction market trades count as wagers under the bill.
Sources: Colleges Face Steep Fines Under Fair Play Enforcement Act
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