Effective immediately
Butler University has introduced a new policy that prohibits school sports betting among students, trustees, independent contractors, faculty, and staff members.
After the state of Indiana legalized sports betting, the Butler’s moved quickly to enact their new Sports Wagering Policy. It means that anyone associated with the Butler University must refrain from betting on sporting events involving the school.
Fostering a culture of integrity
The goal of the policy is to foster a culture of integrity, honesty, and fairness in the school. Staff and students are subject to information that could impact the outcome of a sporting event. With the policy now in place, it protects student-athletes, teams, and coaches from undue influence and improper conduct.
Staff and students are subject to information that could impact the outcome of a sporting event
Barry Collier, vice president and director of athletics at Butler University, said: “I am pleased that our University’s leadership has taken this important step to live our shared values and protect the integrity of our campus community.”
The NCAA rules already prohibits those involved in athletic programs of colleges and universities like Butler from placing wagers on sports events.
The new Sports Wagering Policy introduced by Butler University was supported by the Board of Trustees as a proactive way in which to remain committed and support the athletic programs and student-athletes.
Protecting players as the industry grows
Butler University enacted the new Sports Wagering Policy to protect their school as sports betting continues to grow in the state of Indiana.
After launching in October, the industry experienced major growth over the next few months. Back in November, Indiana sportsbooks took in over $100m bets for the first time ever.
Revenue opportunity
The policy at Butler University comes at a time when college athletes can now profit from their name, image, and likeness rights. Late last year, the NCAA’s Board of Governors voted to allow student-athletes to earn money for their athleticism.
college athletes can now profit from their name, image, and likeness rights
The NCAA prompted the three divisions to immediately consider updating relevant bylaws and policies. Rules are to be in place by January 2021.
Players can earn a profit from their name, image, and likeness, but cannot be paid by a school. Universities and colleges cannot take advantage during recruiting with any sort of payment to players.