Atlantic City casinos say no to fantasy sports


Fantasy sports and football in particular have become widely popular, and even though it’s legal in New Jersey for casinos to offer fantasy games, none of the 12 casinos in Atlantic City are offering fantasy sports betting, according to a gaming industry analyst.

Technically, it is not considered betting, because fantasy sports are regarded as a game of skill, not a game of chance. New Jersey gaming regulators in March approved rules allowing for fantasy football and other sports as a way to attract new gamblers to Atlantic City.

Bill Lerner, an analyst with Union Gaming Research in Las Vegas, said while most fantasy leagues last the entire season, the casino version will select winners each day.

“We are not surprised that casinos haven’t been quick to enact fantasy sports betting,” Lerner wrote in a research note. “From a profit and loss standpoint, we don’t think it would be material for Atlantic City operators given most sports gamblers like straight bets. That said, there could be more interest as we head into NFL football season.”

Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893. Follow @sierotyfeatures on Twitter.

 

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