eye-3-yellow-3d-2-new-logo philly_kyw_new philly_94wip_new 35h_cbssportsrad_philly philly_wpht_new

Local

Atlantic City Will Open To Legalized Fantasy Sports Betting

View Comments
(The Atlantic City skyline at night.  File photo)

(The Atlantic City skyline at night. File photo)

Pat Loeb Pat Loeb
Pat Loeb's radio experience has the makings of a country song: s...
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

By Pat Loeb

ATLANTIC CITY, N.J. (CBS) — In another effort by the state to keep the troubled casino industry afloat, the New Jersey Division of Gaming Enforcement has announced that it will allow Atlantic City casinos to offer fantasy sports tournaments.

Fantasy sports enthusiasts will be able to place bets on the results of matchups between their (nonexistent) teams, but deputy attorney general Robert Moncrief says it’s not gambling and it won’t be taxed like gambling.

Moncrief says the benefit to the state will be making Atlantic City more attractive.

“Basically, it provides another amenity for the casinos to offer to their patrons and bring more people to the city, bring more revenue to the city, and increase the amount of things the patron can do when they’re in town,” he tells KYW Newsradio.

Despite that goal, the regulations also allow casinos to offer mobile or online accounts for entering tournaments.

New Jersey approved online gambling last month (see related story).  It’s also been trying to allow real world sports betting, but that’s been blocked by a federal court (see related story).

Top Content On CBSPhilly

View Comments
Follow

Get every new post delivered to your Inbox.

Join 31,281 other followers