Fantasy wagering could benefit New Jersey's push

Fantasy wagering could benefit New Jersey's push

September 23, 2015 9:50 AM
by

Fantasy wagering could benefit New Jersey's pushThe recent surge of interest in fantasy sports wagering could benefit New Jersey’s stalled attempt to bring sports betting to Atlantic City casinos, according to a congressman who is sympathetic to the effort.

Rep. Frank Pallone has renewed his call for closer look at the fantasy leagues and their relationships with the major sports leagues, which have been consistently opposed to the expansion of sports betting beyond the four states where it now exists in some form.

Pallone’s call for renewed action came in New York during a panel discussion hosted by the International Centre for Sport Security.

The millions of dollars poured into television ads by fantasy wagering’s biggest companies have  made it difficult if not impossible to miss the business’s much higher profile.

Last week, Pallone wrote to the Committee on Energy and Commerce, which has jurisdiction over professional sports, to request a hearing into the relationship between the pro leagues, fantasy sports leagues and traditional sports gambling.

Speaking this week at the New York conference, Pallone said the growth of fantasy leagues has pushed the issue to the forefront. The commissioners of the National Basketball Association and National Hockey league have come out ion various ways during recent months as either supporting sports wagering or calling for a review of current prohibitions. Legal sports wagering in Canada as been on the verge of passing for several years.

Sports wagering of one kind or another is already certain to be one of the hot topics of discussion during next week’s Global Gaming Expo in Las Vegas.

Phil Hevener has been writing about the Nevada gaming business for more than 30 years. Email: PhilHevener@GamingToday.com.

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