NJ To Let Casinos Accept Bets On Fantasy Teams
By: Melissa Garrett
Updated: March 16, 2013
ATLANTIC CITY, N.J. (AP) -- New Jersey is allowing casinos in Atlantic City to offer fantasy sports betting in a pilot program that will be announced Monday.
The state Division of Gaming Enforcement has told casinos it will allow them to accept entry fees from gamblers and pay out winnings from the casino cash cages.
Regulations will be spelled out Monday, but an online gambling association says it expects that players will be allowed to draft a pool of athletes, follow their performances and compete against other fantasy teams. Those with the best statistical totals will win cash.
The casinos could offer the games themselves or partner with other companies.
It's unclear whether the fantasy bets could be made online or would have to be made at the casinos.
The state Division of Gaming Enforcement has told casinos it will allow them to accept entry fees from gamblers and pay out winnings from the casino cash cages.
Regulations will be spelled out Monday, but an online gambling association says it expects that players will be allowed to draft a pool of athletes, follow their performances and compete against other fantasy teams. Those with the best statistical totals will win cash.
The casinos could offer the games themselves or partner with other companies.
It's unclear whether the fantasy bets could be made online or would have to be made at the casinos.
