Clicky

eSports Betting Live in New Jersey, Where Next? - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
  • 0 views
  • 3 minutes read
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

PokerStars’ Bounty Builder Series Coming to NJ and Pa.

PokerStars is not slowing down in its bid to dominate the poker market in Pennsylvania and New Jersey which are two of its latest ventures. To spice its already mind-blowing offerings in both states, the world-renowned poker operator will be bringing it very popular Bounty Builder Series to the United States. As such, as from […]

Sean Sullivan Appointed as General Manager for Upcoming Live! Casino

Plans for the upcoming $150 million Live! Casino in Westmoreland County, Pennsylvania are beginning to pick up the pace as the launch of the property draws nearer. On Tuesday, the Cordish Gaming Group which is a division of The Cordish Companies announced that they had appointed Sean Sullivan as the General Manager of the yet-to-be-launched […]

The XFL Warms Up to Sports Betting

On February 8, the XFL made its long-awaited return and this time it is embracing sports betting for the upcoming season. Owned by WWE chief executive Vince McMahon, the XFL kicked off back in 2001 before going on hiatus for a while. However, it has returned just in time to fill the void that remains […]

Betfred and Scientific Games to Offer Sports Betting at Wind Creek Casino

Scientific Games Corporation and Betfred have recently announced that they have partnered in order to venture into the Keystone State’s rapidly growing and very lucrative sports betting market. The two companies have plans to offer both retail and online sports betting services the Wind Creek Casino, one of the state’s leading gambling operators. Launching in […]

BetRivers Online Casino Now Live in Pennsylvania

Thanks to its lucrative partnership with Rivers Casino Philadelphia, renowned gaming solutions provider Rush Street Interactive is now offering an online casino to its customers in the Keystone State. This move involved the linking of the new BetRivers.com online casino to the already existing Rivers Casino Pittsburg online sportsbook. With the new online casino offering, […]

Similar Stories in Gambling

PokerStars’ Bounty Builder Series Coming to NJ and Pa.

PokerStars is not slowing down in its bid to dominate the poker market in Pennsylvania and New Jersey which are two of its latest ventures. To spice its already mind-blowing offerings in both states, the world-renowned poker operator will be bringing it very popular Bounty Builder Series to the United States. As such, as from […]

FanDuel and Valley Forge Launch Mobile Casino in Pennsylvania

Pennsylvania’s gambling fans are now able to choose from a wider range of options when it comes to online casinos. This is thanks to the recent launch of FanDuel Casino by FanDuel in collaboration with Valley Forge Casino and Boyd Gaming, its gaming partners in the Keystone State. The Friday launch came after two days […]

Evolution’s Live Games Coming to Parx Casino in Pa. and NJ

Greenwood Racing Inc.-owned Parx Casino has been very busy extending its portfolio as it kicks off the new year. Recently, it integrated exclusive gaming content from Everi. As it turns out, that was just the beginning. Last week, the gaming operator announced that it has partnered with Live Casino supplier Evolution Gaming. The two intend […]

The Cordish Companies and FanDuel Team Up for Pa. Sports Betting

The Cordish Companies, the parent company of renowned gaming operator Live! Casino, has recently entered into a lucrative partnership with FanDuel. The daily fantasy sports provider cum sports betting operator is now the official betting partner of the two Live! Casino properties in Pennsylvania. Both gaming and hospitality facilities will go live sometime in 2020 […]