Weeks following a court decision that blocks legal sports betting in New Jersey, the state has chosen to offer daily fantasy sports betting in Atlantic City casinos as an alternative.
The state Division of Gaming Enforcement announced that the pilot program will begin April 22, and casinos will be permitted to offer fantasy sports tournaments or contests, either by themselves or in partnership with fantasy sports providers.
“The casinos’ vast customer base and the ability to have contest winners utilize the casino cage to accept entry fees for fantasy sports tournaments and payout winnings provides an exciting opportunity to bring fantasy sports tournaments to Atlantic City,” said Director David Rebuck, according to the New Jersey Record. “We see this as an added amenity, and beneficial to the casinos and their customers.” Many Casinos are ready to get on board, representatives from Yebo Yes Casino have stated that they would “love to host fantasy football as a replacement for sport leagues. Many casinos and fans see this as a good replacement for the beloved sports wagers.”
However, commentators are already concerned about whether daily fantasy sports wagering is a violation of federal sports law, a topic that has garnered a great deal of attention as of late. Daily sports betting may be incongruous with existing laws that only exempt season-long fantasy sports wagering from gambling rules. In addition, the casinos will be permitted to offer fantasy sports betting on the grounds or online, giving players the potential to make wages even if they live outside the state. This may raise further questions about regulations and taxation.
Supreme Court and Title VII: Implications for Reverse Discrimination
Earlier this month, the U.S. Supreme Court issued a decision in Ames v. Ohio Department of Youth Services vitiating the so-called “background circumstances” test required by half of federal circuit courts.1 The background circumstances test required majority group plaintiffs pleading discrimination under Title VII of the Civil Rights Act to meet a heightened pleading standard […]
Special purpose acquisition companies (better known as SPACs) appear to be making a comeback. SPAC offerings for 2025 have already nearly surpassed last year’s totals, with additional transactions in the pipeline. SPACs last experienced a boom between 2020–2021, with approximately 600 U.S. companies raising a record $163 billion in 2021. Notable companies that went public […]
Short Form Merger: Streamlining the Process for Businesses
Merging two companies is a complex legal and business transaction. A short form merger, in which an acquiring company merges with a subsidiary corporation, offers a more streamlined process that involves important corporate governance considerations. A short form merger, in which an acquiring company merges with a subsidiary corporation, offers a more streamlined process. However, […]
Tariff Response Options for Small Businesses Facing Financial Distress
The Trump Administration’s new tariffs are having an oversized impact on small businesses, which already tend to operate on razor thin margins. Many businesses have been forced to raise prices, find new suppliers, lay off staff, and delay growth plans. For businesses facing even more dire financial circumstances, there are additional tariff response options, including […]
Common Causes of Partnership Disputes and How to Resolve Them
Business partnerships, much like marriages, function exceptionally well when partners are aligned but can become challenging when disagreements arise. Partnership disputes often stem from conflicts over business strategy, financial management, and unclear role definitions among partners. Understanding Business Partnership Conflicts Partnership conflicts place significant stress on businesses, making proactive measures essential. Partnerships should establish detailed […]
Businesses Are Facing Financial Headwinds—A Practical Guide
*** The original article was featured on Bloomberg Tax, April 28, 2025 — As a tax attorney who spends much of my time helping people and companies who have large, unresolved issues with the IRS or one or more state tax departments, it often occurs to me that the best service that I can provide […]
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