The first legal casino in America to be built outside of Nevada marked another milestone on Monday, when Resorts Casino Hotel in Atlantic City became the first venue outside of the Silver State to offer legal betting on daily fantasy sports (DFS).
Working in conjunction with Washington D.C.-based company Sport Analytics & Data Corp (SportAD), Resorts launched the new FastPick sports betting product on July 17.
As of now, the game based on selecting head-to-head DFS matchups against the house is offered exclusively through the ResortsCasino.com online platform. However, as reported by Legal Sports Report, the brick and mortar casino has already experimented with a soft launch of live FastPick – setting the stage for casino patrons to place bets on DFS in New Jersey for the first time.
Players taking part in a FastPick wager are presented with 10 head-to-head matchups involving athletes within a particular sport. The objective is to select at least three players, or anywhere up to 10, with the house taking the other player in each matchup. From there, traditional DFS scoring is used to attribute points to each player based on their real-world performance in that day’s games.
The three-or-more pick requirement essentially turns FastPick into a parlay wager, as all associated matchups must be won in order to collect a payout. For now, wagers are capped between $10 and $200, with a maximum payout of $100,000 should a 10-player slate prove successful.
Joe Brennan Jr., who serves as chief executive officer for SportAD, issued a press release to announce FastPick’s launch:
“We are very excited about this launch with Resorts Gaming, which has a reputation of bringing innovative gaming content to market in both their casino and online.
With plenty of MLB baseball right now, and the NFL football and European Soccer seasons about to start, the ‘FastPick’ brand is in a strong position to capitalize on the daily fantasy sports market and attract players looking for a more fun and simple way to enjoy real-money sports games.”
Ed Andrewes, an iGaming industry consultant currently representing Resorts Digital Gaming, released a statement which framed FastPick as an alternative to traditional DFS platforms like DraftKings and FanDuel:
“We want to appeal to sports fans who want to get a piece of the action but don’t have the time to compete effectively against the traditional ‘professional’ DFS player.
We are thrilled to partner with SportAD to introduce the next generation of Fantasy Sports to our casinos as well as online and mobile.”
Mark Giannantonio, president and chief executive officer for Resorts, also went on record to praise his casino’s adoption of FastPick:
“I’m very excited about this new business. We expect it to be exciting for our online customers, and soon, for those who play at our casino.
The idea has always been for the brick and mortar casino to be integrated as much as possible with our online business.”
Given the current timing, bettors have only Major League Baseball (MLB) matchups to choose from, but FastPick is designed to offer a multitude of additional contests – including the National Football League (NFL), National Basketball Association (NBA), National Hockey League (NHL), and Major League Soccer (MLS).
FastPick has been approved by the New Jersey Department of Gaming Enforcement (NJDGE), and in New Jersey, DFS contests are considered to be legal according to the state’s attorney general.
The New Jersey Legislature also passed a bill to officially legalize and regulate DFS in June of this year, which awaits only a signature from Governor Chris Christie before becoming law.