Fantasy Sports League Lawsuit Filed!
Posted June 21, 2006 11:22 PM
Complaint filed by Chuck Humphrey alleges that "Internet fantasy sports leagues for violations of the anti-gambling and gambling loss recovery laws of New Jersey".
The entry fee for each of the SportsLine Leagues ranges from $29.95 to $499.95. The potential prize amounts for the winner of each twelve-team league range from $150 to $3,600. This results in a gross profit to the CBS defendants of approximately as little as $200 to as much as $2,400 per twelve-team group, or from 40-60% of the total amounts wagered by participants in the SportsLine Leagues. Such profit constitutes a winner’s share of the bets made by the players in these fantasy sports leagues.