ATLANTIC CITY, N.J. (Legal Newsline) - New Jersey Attorney General Jeffrey Chiesa and the Division of Gaming Enforcement announced the temporary adoption Monday of regulations authorizing Atlantic City casinos to offer their patrons fantasy sports tournaments.
The regulations, which permit the casinos to offer fantasy sports tournaments or contests, will become effective on April 22. The casinos may offer the tournaments or contests by themselves or with fantasy sports providers.
Division of Gaming Enforcement Director David Rebuck said the vast customer base of the casinos, their ability to use the casino cage to accept entry fees for fantasy sports tournaments and the chance to pay out winnings from the tournaments provide an exciting opportunity to bring fantasy sports tournaments to Atlantic City. Rebuck said the division sees the added amenity as beneficial to both casinos and their customers.
The regulations ensure integrity in the accounting of gross revenue by enabling the division to maintain its authority to approve how fantasy sports tournament transactions are processed. Casinos must submit internal controls on their cage processes to the division.
The minimum age for participation in fantasy sports tournaments in a casino is 21.
The temporary regulations will stay in effect for 270 days, and during that time period, the division will propose the regulations for final adoption.