Borgata Approved To Host Free-Throw Contest For Money
PHILADELPHIA (CBS) --- New Jersey gambling regulators have given permission to The Borgata Hotel Casino & Spa to host a skill-based gambling event: a basketball contest.
The Borgata will host a $10,000 guaranteed basketball contest on March 21st, in which participants will shoot free throws for money.
The buy-in for the competition will cost $20. Contestants will shoot free-throws during 90-second rounds. The third and fourth place finishers will each get $1,000, the runner-up will win $3,000, and the winner gets $5,000.
"This is a first step, something we've never been able to do until now," said Borgata Senior Vice President Joe Lupo. "A year from now, you'll probably see a lot more of these skill-based tournaments or even games on the casino floor."
Lupo says anyone can play as long as you're 21 or older, including NBA players. In fact, Lupo went as far as to say he hopes LeBron James would play.