A newly proposed piece of legislation is aiming to change the way that New Jersey handles esports betting. According to WSN, Bill S2986 would reclassify esports as its own betting option. As a result, Atlantic City-based casinos would be allowed to operate the video game betting market differently.
Currently, the esports market in New Jersey operates as part of casinos’ traditional online offerings. However, if this new law is passed, esports would be able to exist separately from those offerings. This would allow operators to bypass state laws that limit each retail casino to only five online permits.
“Given the nearly infinite amount of outcomes and actions that occur in any particular esports game, bookmakers will likely be able to offer fans a much greater number of in-game betting opportunities for esports competitions than they can for traditional sporting events,” The National Law Review said earlier this year.
This proposed law comes after the New Jersey Division of Gaming Enforcement gave its approval to Esports Entertainment Group to accept esports bets in the state. Thanks to that approval, New Jersey residents have been allowed to place wagers on esports through the VIE.gg betting platform since January of this year.