[toc]A daily fantasy sports platform that is basically a form of parlay betting on player performances is now officially offered by a casino in New Jersey.
This is the first fantasy sports platform to partner with a US casino outside of USFantasy, which operates pari-mutuel fantasy wagering in Nevada and Colorado.
FastPick NJ, at a glance
FastPick, a version of a white-label fantasy platform run via Resorts Atlantic City, launched on Monday, as first reported by The Associated Press. The eventual rollout of the product was known this spring. The platform, powered by Sport Analytics and Data Corp., has designs on partnering with casinos and gaming entities in other states down the road.
The platform is only available online and for people physically located in New Jersey, currently. The site says users can fund their accounts via PayPal. Registration appears to be much like what is required to sign up at regulated NJ online casinos. An attempt to sign up from outside of the state was met with a request to provide a driver’s license.
Legal Sports Report is aware of an attempt at a soft launch of the platform via the land-based casino as of early last week.
One of the motivating factors for the launch now appears to be a fantasy sports bill on the desk of Gov. Chris Christie. Had the platform not launched before he signed it (if he does indeed do so), it would have delayed the launch until after Resorts procured a fantasy sports license. The launch allows FastPick/Resorts to operate without interruption, in that event. That allows it to take action on the upcoming NFL season.
A closer look at FastPick in NJ
FastPick is a product that blurs the lines between daily fantasy sports and sports betting.
In essence, FastPick is a parlay-based fantasy sports offering played against the house. (It is not against other fantasy sports users, which is the basis of platforms like DraftKings and FanDuel.)
Users select players in matchups against other players, based on how they think they will perform in real-world games. Here is a look at an example of matchups for Monday’s games on the FastPick website:
Users can select up to three player matchups and as many as ten. They pick the player in each matchup they believe will score more fantasy points. Users can also select the amount they want to bet — from $10 to $200 — on the parlay wager. A user must win every leg of the parlay to win the bet. The top payout is $100,000.
Currently only baseball wagers are available. However, the site has empty slots for NFL, NBA, NHL and soccer bets, when those seasons begin.
The legal climate for FastPick
Fantasy sports remains legal throughout New Jersey now, according to state regulators, even as a bill awaits the signature of Christie. FastPick should be in compliance with that law if and when it takes effect.
The rollout also comes as New Jersey awaits its date in the US Supreme Court — likely later this year — on its efforts to legalize sports betting. The NJ sports betting case has the chance to alter the landscape for sports betting across the US, possibly allowing for legalization in other states.
In the meantime, anyone in New Jersey can enjoy this form of sports betting that is apart from single-game wagering.