News Profit's Takes

Esports Betting Coming To New Jersey

In late March, the New Jersey Senate State Government, Wagering, Tourism, and Historic Preservation Committee unanimously passed a bill that will allow esports betting in the state. The bill expands betting to include any skill-based attraction, including esports tournaments.

“Esports is quickly emerging as an economic and cultural force on par with many other traditional sports, and it is important that New Jersey accommodate the many ways fans engage with their favorite teams and events,” said David L. Rebuck, the Director of the New Jersey Division of Gaming Enforcement (DGE). “Allowing betting on esports not only provides more variety for sports wagering enthusiasts but also makes New Jersey more attractive to the innovative companies that drive this growing industry.”

The bill now moves to the Senate. If approved, it will also need to be officially agreed upon by the Governor.

The bill sets a wager limit of $100 or a win limit of $500, whichever is greater. It also states that gambling on esports tournaments sponsored or affiliated with high schools, or competitions where the majority of participants are under 18, is prohibited.

The Profit‘s Take:

New Jersey has been in the lead with regards to legalized esports betting. There’s no doubt that many other states will follow suit. It will be interesting to see if betting drives more esports competitions (especially the big ones and franchised leagues) to require participants to be 18+.

(All information was provided by ESNY and NJEDA)

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