eSports betting bill close to full approval in New Jersey
eSports betting moves Ever closer to being legalized in New Jersey
The rise and rise of eSports continues after a betting bill was recently introduced in New Jersey which, if approved, will become law and bring permanent eSports betting to the state. Following the approval of the New Jersey Assembly Tourism, Gaming and the Arts Committee, the bill will now reside with the Speaker for consideration.
At the beginning of the year, there were lots of murmurings and rumors the arrival of eSports betting to New Jersey would soon be introduced. This speculation was found to be true in late January with the unveiling of a proposed eSports betting bill whose main proponent was Assemblyman Ralph Cuomo. It marked the beginning of the process of consideration for the legalization of eSports betting, with some tweaks and further clarification on exactly what the bill would entail needed.
In a relatively quick time frame, the eSports betting bill was passed through local legislation channels. After passing the committee, the bill will now make its way to the office of the Speaker who will be tasked with reviewing its contents before deciding on whether to approve it or reject it. The general consensus seems to be one of optimism in terms of the bill being passed. It is hoped the speaker will recognize the potentially huge revenue benefits this bill could bring to the state.
With the advances in technology and gaming, eSports has developed to become quite mainstream and is now one of the fastest-growing sectors on the planet. With so many people gaining interest in the activity, sponsorship’s, professional sports clubs etc, eSports betting is increasingly becoming an equally lucrative venture. New Jersey has recognized this and now bids to get in early to get a strong foothold in the industry. To echo this opinion, Assemblyman Ralph Caputo, D-Essex, one of bill A637’s primary sponsors, said “I would say eSports are the ‘next big thing’ when it comes to sporting events, but the fact of the matter is that video game tournaments are already a prominent form of skill-based competition”.
What is in Bill A637?
eSports now has professional players who make a living playing tournaments for professional teams, just like mainstream sports such as Basketball and Football. Betting on eSports will be just the same as betting on those sports in New Jersey. Even though the residents will have access to permanent eSports operations, there will be a few restrictions and they are all outlined in the bill. To begin with, just like in the case of sports betting, bettors will not be able to place bets on eSports events involving high schools. In essence, this implies that betting will not be available in cases where people below the age of 18 are involved.
As is commonly the case with sports betting in the US, eSports betting will not be available for any games involving teams from New Jersey colleges and universities. It is anticipated that New Jersey is just the start for eSports betting in the United States, and it will continue to expand in the near future.
What is eSports?
The eSports industry continues to show massive growth across the world and is also becoming an extremely lucrative market to bet on. Essentially, eSports is the shortened name for electronic sports. Gamers go head to head against each other but not on the sofa as most of us do. Huge e-Sports tournaments now take place all over the world in big arenas with large crowds. Professional sports clubs now employ eSports players to represent them in large tournaments, with certain players attracting huge followings. It is little surprise that this form of gaming is attractive to the betting market.
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