Clicky

eSports Betting Live in New Jersey, Where Next? - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
esports-arena
Published on
Update on

Last month, casinos and racetracks in New Jersey began taking bets on esports tournaments, a move that further expanded the already thriving sports betting industry in the state. Needless to say, esports is a multi-billion industry that has sparked a lot of interest among investors in several different sectors. Esports betting is, therefore, a very lucrative market that is beginning to slowly become one of the key offerings in a number of popular online markets. As expected, this has been primarily driven by player interest across several states.

While esports betting seems to have just started being a disruptive force in the world of gambling, it has existed for much longer than that. In the United States, the first legal and regulated esports bet was placed back in 2016 and since then, a number of gambling operators have moved towards investing in the sector. There are now a decent number of esports betting facilities and offerings from all over the world.

Gaming companies have set their sights on the new audience that is full of the rather newer crowd of players who have a deep interest in video games. New Jersey and other states considering the regulation of esports betting are already aware of the potential of drawing revenue from a totally new and different demographic.

FanDuel in the Lead

In the United States, FanDuel became the very first online sports betting operator to offers bets on esports events and tournaments. The operator’s customers are able to enjoy bets on their favorite esports teams and games right on their mobile apps – there is no need to download anything extra. While the betting volumes are still relatively low especially in comparison to other verticals, the esports betting offering is showing signs of immense growth. Time will tell how everything turns out.

We have already seen the potential of the esports betting industry in the short term and, as it turns out, New Jersey is not the only state that will benefit from esports betting. FanDuel, for instance, has plans for a number of other states including West Virginia, Indiana, Nevada, and Pennsylvania.

The Future Looks Bright, Very Bright

In 2019, experts predicted that the video game industry would generate as much as $150 billion in sales. Keeping that in mind, esports betting will be able to attract up to a whopping $12.9 billion in wagers next year. These figures are simply indicators of the confidence that investors have in the esports industry. It is quite justified owing to the immense growth of the industry and increasing interest.

Latest Headlines

Pennsylvania Welcomes 4ThePlayer As Its Latest iGaming Provider

Fast-rising iGaming provider 4ThePlayer has recently received formal approval from the Pennsylvania Gaming Control Board (PGCB) to join the state’s rapidly expanding online casino sector. This important milestone enables 4ThePlayer to provide its captivating and inventive games to gamblers in Pennsylvania, contributing to its further expansion inside the US. Along with Connecticut, Michigan, and New […]

Pennsylvania State Gaming Board Targets Child Safety in Casinos with New Campaign

A new crackdown on child neglect and underage gambling has been unveiled by the Pennsylvania Gaming Control Board (PGCB), with an emphasis on making sure all gaming venues in the state are safe and following all regulations. To support these enforcement efforts, the PGCB has launched the “Don’t Gamble with Kids” public awareness campaign. Needless […]

Mohegan Digital Debuts New iGaming Option in Pennsylvania

Mohegan Digital, a pioneering force in the gambling industry, has recently unveiled its newest offering, an immersive online casino experience developed exclusively for the state of Pennsylvania. This marks yet another great development for the state’s lucrative iGaming sector. The launch is a triumph of ingenuity and complexity, and it was created under the capable […]

Online Gambling and Credit Card Debt Amid Pennsylvania’s Growth Streak

Pennsylvania State Senator Wayne Fontana (D-Allegheny) is advocating for stricter regulations on online gambling payment options, citing concerns about rising credit card debt among players. Now that online gaming and sports betting have joined Pennsylvania’s traditional brick-and-mortar casinos as part of the state’s gaming expansion, Fontana is spearheading a legislative effort to revise the regulations […]

Supremeland Makes US Market Debut with Pennsylvania License

The Pennsylvania Gaming Control Board (PGCB) has granted an interim license to Supremeland, a prominent gaming provider, allowing it to join the US market for the first time. This interim license is a common step in obtaining a license in the lucrative Keystone State gaming market. Supremeland joins the ranks of other successful applicants who […]

Similar Stories in Gambling

Pennsylvania State Gaming Board Targets Child Safety in Casinos with New Campaign

A new crackdown on child neglect and underage gambling has been unveiled by the Pennsylvania Gaming Control Board (PGCB), with an emphasis on making sure all gaming venues in the state are safe and following all regulations. To support these enforcement efforts, the PGCB has launched the “Don’t Gamble with Kids” public awareness campaign. Needless […]

Mohegan Digital Debuts New iGaming Option in Pennsylvania

Mohegan Digital, a pioneering force in the gambling industry, has recently unveiled its newest offering, an immersive online casino experience developed exclusively for the state of Pennsylvania. This marks yet another great development for the state’s lucrative iGaming sector. The launch is a triumph of ingenuity and complexity, and it was created under the capable […]

Caesars Palace Online Casino Makes a Mark in Pennsylvania

Caesars has released a fresh initiative to strengthen its position in the expanding market of Pennsylvania online casinos. In its new guise as Caesars Palace Online Casino, the company hopes to compete with other top providers in Pennsylvania. Not just in Pennsylvania, but throughout the country, industry behemoths like DraftKings, BetMGM, and FanDuel have a […]

Pennsylvania Court Upholds Pace-O-Matic’s Skill Games as Legal

In 2021, the Monroe County District Attorney’s office conducted illegal raids on the firm and took possession of Pace-O-Matic’s (the company behind Pennsylvania Skill games) assets. Slot machines and other gambling hardware and cash were part of the confiscated property. Last week, Monroe County, Pennsylvania ruled a return of property case in favor of the […]