Reporting Pat Loeb
Filed underBusiness & Economy, Heard On, Leisure, Local, New Jersey, News, Syndicated Local, Tourism, Watch + Listen
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.