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admin 17.11.2014

New Jersey has decided that it will allow casinos in Atlantic City to offer fantasy sports betting as part of a pilot scheme which will be announced this week. Full details of the regulations will be released later this week, but an online gambling association has said it expects that player will be able to draft a pool of athletes, monitor their performances and compete their fantasy teams against other gamblers.
It is not known whether fantasy bets could be placed online or if players will have to travel in person to a casino to place their bets.
Granting of an en banc hearing is obviously a positive development for the state in its quest to allow sports betting. The decision comes after New Jersey lost its appeal in the court to offer sports betting in August, in a 2-1 decision.
In 2014, New Jersey had passed a law that would allow sports betting to take place at its brick-and-mortar gaming establishments. The news of the rehearing brings up lots of questions, some of which we won’t have answers to immediately.

New Jersey appears to have been granted the rehearing based on the justices disagreeing on the point of law. Judge Julio Fuentes, who sided with the majority in the original sports betting case that New Jersey lost, wrote a dissenting opinion in the 2-1 defeat of the current case. The conflict between the two rulings is likely at the core of what the court wants to address. Clearly New Jersey has better than absolutely no chance, but taking the pulse of the entire court will be difficult to do until arguments are heard. But theoretically, yes, a victory in the case for New Jersey could mean sports bets could be taken immediately, although that’s not a given (see the next entry). Sports bets, under the law, could be taken at Atlantic City casinos and racetracks in the state. Dustin Gouker has been a sports journalist for more than 15 years, working as a reporter, editor and designer -- including stops at The Washington Post and the D.C. Keep updated on all of the major partnerships and sponsorships in the fantasy sports industry.

After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events. Third Circuit Court of Appeals has granted an en banc rehearing in the New Jersey sports betting case, breathing new life into the possibility of legalized and regulated wagering on games in the state.
Raymond Lesniak, the sponsor of the original bill that became law, predicted New Jersey residents would be able to be able to wager by February of 2016. A complete breakdown of the state eligibility for major one day fantasy sports sites like FanDuel, DraftKings and more.
The assumption that New Jersey will prevail in the rehearing appears to be a bit premature.

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