• Loading stock data...
Sunday, February 8, 2026

College Athletes Allegedly Involved in $2M Illegal Sports Betting Ring

College athletes operated sportsbooks for the gambling ring, according to law enforcement authorities in New Jersey.

David Banks-Imagn Images

College athletes were allegedly involved in a multimillion-dollar sports betting ring with links to organized crime, according to New Jersey law enforcement authorities.

On Thursday, 14 people were charged for an array of crimes, including racketeering, money laundering, conspiracy, and gambling offenses related to the gambling ring, according to a joint announcement made by the New Jersey Attorney General’s office, the Division of Criminal Justice (DCJ), and the New Jersey State Police.

Joseph M. Perna, a 55-year-old “soldier” of the Lucchese crime family, allegedly ran a group of bookmakers who “enticed individuals to place bets, and the illicit proceeds were used to operate the enterprise and enrich the enterprise members,” authorities said. Between 2022 and 2024, about $2 million ran through the system.

Perna’s sons, stepson, nephews, and others were also involved and charged Thursday.

College athletes operated sportsbooks for the gambling ring, according to authorities. Michael Cetta and Nicholas Raimo, two of the named defendants, were on the wrestling team at Rutgers during the period in which they allegedly participated in the sports betting ring. The identities of the other athletes, as well as the number of involved athletes, are yet unknown.

“We may all think that the portrayal of organized crime we remember from movies and television shows and books no longer exists, but we are announcing charges today that allege it still does,” New Jersey attorney general Matthew Platkin said in a statement. “Despite the proliferation of legal betting of all kinds, gambling remains a mainstay of members and associates of organized crime. The locations and methods may have evolved, but illegal gambling – in this case, sports betting – remains a problem, and we will charge those who seek to profit from it.”

The news comes less than a month after dozens of arrests were made in a widespread probe into illegal sports betting activity and rigged poker games—also involving the Lucchese crime family, as well as other Italian mafia families—that implicated current and former NBA players and coaches. 

No arrests have been made specifically regarding sports betting activity in college sports, though there is a probe being run out of the U.S. Attorney’s Office for the Eastern District of Pennsylvania. 

An NCAA spokesperson told FOS the NCAA is aware of the situation and is looking into it.

Meanwhile, the NCAA has announced investigations into at least 30 current and former men’s basketball players; former players at Fresno State, San Jose State, the University of New Orleans, Mississippi Valley, and Arizona State have so far all been found by NCAA investigations to have committed sports betting violations.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

3 Big Topics From Super Bowl Week: Belichick, Tisch, 18th Game

Three hot-button topics kept coming up: Belichick, Tisch, and an 18th game.
exclusive

WNBA Owners Make Small Concessions in Latest CBA Proposal

The league’s newest offer includes some housing for players.
Jason Robins

DraftKings CEO Says Calls to Ban Prop Bets Are ‘Crazy’ 

Jason Robins also thinks DraftKings can dominate the prediction-market industry.

Featured Today

Milan’s Olympic Village Is Built for Performance—and Partying

Making Milan’s Olympic Village was a five-year sprint.
February 5, 2026

Welcome to the Prediction-Market Super Bowl

Hundreds of millions of dollars are being traded across many platforms.
Feb 1, 2026; Santa Clara, CA, USA; New England Patriots players arrive prior to Super Bowl LX at San Jose Mineta International Airport.
February 3, 2026

Private Equity Has Reached the Super Bowl

The Patriots are one of four NFL teams with PE investment.
University of Southern California
January 31, 2026

College Athletic Departments Are Wooing Recruits With Content Studios

Schools are creating content studios to win recruits and donor dollars.
Fanatics Matt King

Fanatics Betting CEO: Why Prediction Markets and Sportsbooks Are Not the Same

“I think they will always be two distinct services.”
NYSE
February 2, 2026

Why Polymarket Has Huge Boom or Bust Potential in U.S.

Polymarket has been laying the groundwork for a major push in the U.S.
February 2, 2026

Heat Must Pay Terry Rozier While on Leave

The Heat had been placing Rozier’s salary into escrow.
Sponsored

Paying a Premium: Super Bowl LX Is a Hot Ticket

Super Bowl LX ticket prices are among the highest of the decade. TickPick data breaks down demand, pricing trends, and where fans are buying.
January 31, 2026

Polymarket Barred From Nevada for at Least Two Weeks

Nevada’s gaming regulator is separately fighting a suit against Kalshi.
Nov 4, 2023; Santa Anita, CA, USA; Auguste Rodin (5), with jockey Ryan Moore up, wins the BREEDERS CUP TURF during the 2023 Breeders Cup World Championships at Santa Anita Park.
January 23, 2026

Santa Anita Track and California in Legal War Over Betting Machines

The California DOJ seized gambling machines from Santa Anita.
Nov 8, 2024; College Station, Texas, USA; A detailed view of an official game ball with the NCAA logo prior to the game between the Texas A&M Aggies and the East Texas A&M Lions at Reed Arena. The Aggies defeated the Lions 87-55.
January 17, 2026

‘Death, Taxes, and Chinese Basketball’: Wildest Texts in The NCAA Point-Shaving Indictment

The indictments reveal in extreme detail how the scheme was carried out.
Sep 26, 2025; Bethpage, New York, USA; Team USA golfer Bryson DeChambeau plays his shot from the first tee on the first day of competition for the Ryder Cup at Bethpage Black.
exclusive
January 14, 2026

Kalshi Tees Up First Athlete Deal With Bryson DeChambeau

The prediction-market platform previously made a deal with the NHL’s Blackhawks.