It has been a long debate on whether the legalization of fantasy to eventually take place in New Jersey. However, before this is full considered, the judges will have to prove beyond doubt that it would cater for the interest of the game or would concentrate on making huge profits. With the ongoing trend in terms of relation between reality and fantasy betting, there is a high possibility that New Jersey will be accorded with what it desires and this would in turn be a focal point as the whole United States will be guaranteed fantasy betting.
It is however believed that fantasy betting popularity would be low in U.S as many prefer betting on real betting. According to the 1992 federal law passed by Congress, the Professional and Amateur Sports Protection Act (PASPA), it was deemed illegal despite it being staged in selected outlets such as Las Vegas. This didn’t however ban fantasy betting as various states were given mandate to decide on whether to incorporate it or not.
Diehard gamblers, sports fan and betting firms have claimed that Daily Fantasy Sports (DFS) a new format of fantasy sport betting is less than real betting. Their reason for this is that in order to have a potential outcome with good profit in DFS, one has to go through a learning process in attempt to achieve some statistical data of the sport. This means that those who just select teams and players without second thought find themselves losing more than they can imagine. There is uncertainty among others who believe that this is gambling as one is placing cash on unsure result with a motive of winning some extra money from it.
In New Jersey, mixed reactions have been evident for a long time now. Back in 2011, populace of the state voted in for legalization of all sports betting in attempt to increase state’s revenue from its’ main gambling city; the Atlantic City. However, the process seemed to defy federal rules and the state government decided to tighten their rules in keep betting locked up. However, this didn’t stop New Jersey Governor Chris Christie, with the New Jersey Thoroughbred Horsemen’s Association, which owns Monmouth Park racetrack in Oceanside to file an appeal to the Supreme Court.
Up to now, the judges have yet to make an official statement on fantasy sports betting in New Jersey. However, many would prefer betting on real betting unlike the less informed fantasy betting. Even the president of Game Sports Networks Dan Orlow gives the state a 50/50 chance of being accorded with fantasy betting but claims that a “yes” would be much welcomed by him.
This article is published in: About Betting
Tags: fantasy betting, Las Vegas, Legislation, New Jersey
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