The bill establishes a prohibition on sports wagering partnerships at public institutions of higher education in New Jersey. Specifically, it defines a "sports wagering partnership" as any agreement between a sports wagering operator or intermediary and a public institution, including its athletic departments or booster clubs, for advertising access in various formats. Under this legislation, public institutions are barred from engaging in such partnerships, although exceptions are made for institutionally related foundations. These foundations may enter into sports wagering partnerships as long as they do not include direct advertising or marketing aimed at students enrolled at the institution.

Additionally, the bill clarifies that partnerships formed for academic purposes or to provide experiential learning opportunities between public institutions and casino or sports wagering licensees are not subject to the prohibitions outlined in this section. The act is set to take effect immediately upon approval, which occurred on July 8, 2025.