Saturday, May 30, 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.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Shedeur Sanders Banked $17.7M in NFLPA Licensing Income

Sanders shattered the record set by Tom Brady in the 2021 season.
Frances Cabral-Delaney

How Arsenal Fandom Went ‘Manic’

“People do not become Arsenal fans because it’s easy,” says Zohran Mamdani.
Dec 6, 2025; Arlington, TX, USA; BYU Cougars safety Faletau Satuala (11) tackles Texas Tech Red Raiders tight end Terrance Carter Jr. (7) during the game between the Red Raiders and the Cougars at AT&T Stadium.

Big 12 Spring Meetings: CFP Expansion and Private-Capital Deal

Most Big 12 leaders support a 24-team CFP, though execution is unclear.
Aug 17, 2025; Harrison, New Jersey, USA; A general view shows Sports Illustrated Stadium and Gotham FC logos before the game between Gotham FC and the Houston Dash.
exclusive

Several Longtime Writers Laid Off at Sports Illustrated

Writers Greg Bishop and Michael Rosenberg were laid off in a round of cuts on Friday.

Featured Today

May 23, 2026; Anaheim, California, USA; Fans participate in a tarp off during a MLB game between the Los Angeles Angels and the Texas Rangers at Angel Stadium

‘Tarps Off’: How Shirtless Fans Took Over MLB

The viral movement began with the SFA club baseball team.
Apr 6, 2026; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) walks to the on deck circle during the game against the Texas Rangers at Globe Life Field
May 28, 2026

Why Ballparks Are Louder Than Ever

Some stadiums sound like veritable nightclubs. How did we get here?
May 24, 2026; Evanston, IL, USA; Northwestern Wildcats attack Kathryn Ratanaproeksa (13) shoots against the North Carolina Tar Heels during the first half at Martin Stadium
May 26, 2026

Can Women’s Lacrosse Buck the Trend in College Sports?

The sport is fighting to prove its worth in the revenue-sharing era.
May 22, 2026

Big Money on the Line on Premier League’s Final Day

Arsenal has won the title, but millions are still at stake.

Trump Decries Prediction-Market Detractors As ‘Scum’

The president’s son is an investor in Polymarket and an advisor to Kalshi.
Mark Cuban
May 20, 2026

Mark Cuban: ‘Betting Isn’t the Problem’

These wagers have been behind the recent MLB and NBA gambling scandals.
May 24, 2026

Sportradar Hit With Lawsuit Over Alleged Illegal Gambling Ties

The suit alleges investors were harmed by shady overseas business conduct.
Sponsored

The Hidden Economy of Race Weekend

Learn more about the Vintage Flying Museum and how Spectrum Business is helping them achieve their business goals while fueling their dreams.
Jun 12, 2025; Washington, DC, USA; Gov. Tim Walz (D-MN), left, alongside Gov. JB Pritzker (D-IL), right, and Gov. Kathy Hochul (D-NY), not shown, testify before the House Committee on Oversight and Government Reform during a hearing on state immigration enforcement policy in Washington, D.C., on June 12, 2025.
May 19, 2026

Trump Admin Sues Minnesota to Block Prediction-Market Ban

Minnesota is the sixth state the federal regulator has sued.
DraftKingsApp
May 18, 2026

DraftKings Cofounder: Kalshi Is Years Away From Competitive Product

Kalshi responded with a gif from the movie “Mean Girls.”
May 9, 2024; Columbus, OH, USA; Sports are shown on TVs behind the bar as guests enjoy the grand opening of DraftKings Sports & Social in the Short North. Though there are no on-site betting windows, eligible customers can place bets through the DraftKings app.
May 15, 2026

Gambling Layoffs Pile Up As Sports Betting Industry Recalibrates

Penn Entertainment headlines three companies with layoffs this week.
exclusive
May 14, 2026

Polymarket’s Soccer Spree Continues With Serie A Deal

It’s the third big soccer deal Polymarket has reached this year.