In early February, New Jersey’s Division of Gaming Enforcement gave approval to Esports Entertainment Group (EEG) to accept bets on esports. Customers have already placed bets on Call of Duty, League of Legends, and other games. Additional titles, such as Kings League II, Overwatch, and FIFA are expected to be added in the near future.
“As far as we know, we are the first esports-focused gambling site to go through the regulatory approval process in the North American market,” said Grant Johnson, CEO of Esports Entertainment Group. “We believe that being the first movers [in the market] matters.”
Johnson said he hopes that EEG will generate $1 to $2 million for New Jersey in an esports market that’s expected to be valued at $205 billion by 2027. Meanwhile, in Pennsylvania, the state House of Representatives introduced legislation in June of 2021 to legalize esports betting. However, that legislation has yet to be approved.
If approved, esports betting in Pennsylvania could prove to be a force. A recent article on PennLive cited data from The Action Network that placed Pennsylvania at number three among states in terms of earnings from esports tournaments. If esports betting in Pennsylvania is allowed, that revenue stream will only grow larger. Esports tournaments may place a premium on locations and PA sports apps that can offer betting alongside their event. There’s no doubt that esports tournaments and leagues will expand significantly in the years ahead.
(All information was provided by PA Online Casino)