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NJ to allow casinos to offer fantasy sports betting

New Jersey is allowing casinos in Atlantic City to offer fantasy sports betting, according to a report in the Washington Post.

The state Division of Gaming Enforcement has informed casinos it will allow them to accept entry fees from gamblers and pay out winnings from the casino cash cages as part of a pilot program that will be announced Monday.

Formal regulations for the program will be outlined Monday and 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.

Players will be able to deposit money and select daily rosters consisting of NBA, MLB and NFL fantasy players.

The regulations won't be published in the New Jersey Register until April 15, so that unfortunately eliminates the possibility of fantasy pools for the NCAA Tournament.

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