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eSports Interest grows in New Jersey

Less than 1 year ago, New Jersey lawmakers approved the much-anticipated eSports bill, which will allow online casinos in NJ to launch a new product vertical should they want to. The eSports anticipation is at an all-time high nowadays. And this is because Esports Entertainment’s VIE.gg betting platform completed the test phase of its wagering system in April. While NJ’s regulator had only approved the latter for “soft play”. The LANDuel launch event the Hard Rock Casino AC hosted proves that eSports certainly has its place in the Garden State. Indeed, over 275 people participated in the event, although players could only bet in real-time on themselves.

Without a doubt, the future looks bright for the VIE.gg peer-to-peer system. Indeed, it has a leg up on its rivals since it is the first the DGE approved to accept wagers. Plus, the company posted revenue of $6 million for January.

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Call of Duty Championships - eSports in New Jersey

eSports in New Jersey – When is the official launch of the platform?

Although we don’t have an official date for when Esports Entertainment will accept online wagers on events, we’re confident they’ll be up and running by summer 2022. Indeed, the last qualifiers for the Call of Duty League Championship are held in July. Call of Duty is one of the few games eSports fans will have the chance to bet on, along with Dota 2, LOL, and Counter-Strike.

As you may know, the Call of Duty 2 Championship League will take place in August. It is one of the most popular events in the sector. In addition, the Dota 2 Major event is also in August.

In a press release Grant Johnson, Esports Group’s CEO, said, “New Jersey is one of the country’s largest and most promising jurisdictions for eSports wagering.” Thus it looks as if the company will do everything to be up and running for August’s major events.

Could Bally’s be the first online casino NJ to accept eSports wager?

Experts in the online gambling industry often said that Bally’s could emerge the big winner if the DGE gave the green light to eSports. And since Esports Entertainment operates under their NJ license, it looks as if they could be right.

However, it must be said that eSports profits are not as colossal as online casinos or sportsbooks. Indeed, according to NJ’s current legislation, the maximum bet on eSports events is $100. Also, the maximum win for such a wager is $500.

With that said, the eSports sector is booming. A recent market study revealed that by 2027, the vertical would generate an estimate of $205 billion globally. Not to mention, there is also a significant cross-over between traditional sports wagering and eSports betting. For example, eSports punters can bet on team events or individual events.

Could New Jersey become the eSports capital in North America?

If there were such a thing as an eSports capital, it would be New Jersey. Indeed, did you know that the Garden State Esports mission is a stone’s throw from Atlantic City? This non-profit organization is training the next generation of eSports Athletes. However, the students are not eligible to play in wager tournaments. The current law stipulates that operators can offer odds only on matches featuring adults.

But, NJ’s passion for the game could see the next eSports star emerge from the center. This would give folks of the shore yet another reason to brag. What’s more, New Jersey is also home to several big names like Shaquille O’ Neal, who invested in eSports in 2016. The former NBA All-Star from Newark sees much future in competitive gaming. It’s believed he was the first ex-professional athlete to seek an association with the vertical whose momentum is only picking up.

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Call of Duty World League