New Jersey is looking to carve out a niche for esports in the state’s internet gambling market.
Esports betting is legal under New Jersey law starting in 2021, but only by sports betting operators. law ((S 2986) Last Thursday at Senator James BeachD-Cherry Hill, would add delivery under the state’s definition of Internet gaming, leaving it as a sports betting option.
The bill would essentially allow Atlantic City casinos to outsource their traditional online casino offerings.
For debaters, the ever-changing esports market is what today’s issue could lead to. National Law Review It calls it “Innumerable New Betting Categories”.
That could mean an even bigger handle for a state looking to build on its already high success. $4.79 billion internet gambling industry.
Details about the NJ Esports proposal
The proposed change comes as New Jersey lawmakers consider online gaming regulations as the 2013 Online Casino Act is set to expire this fall. September 25 Associated Press He said New Jersey lawmakers are discussing extending the Internet gaming law for another 10 years.
New Jersey Governor Phil Murphy It is reported that they said He will sign an online casino extension passed by state legislators at the casino conference last week.
Although S2986 does not extend the online casino law, it will allow New Jersey casinos to offer esports as an Internet game in future casinos.
For sports bettors, the bill would allow esports-only online sports pools operated by sports betting operators. Each casino or racetrack with a sports betting license is eligible for up to two privately-branded esports apps in their online pools.
How will eSports iGaming affect sports betting – ever?
Top legal port forwarding platforms in the United States include Twitch, YouTube Gaming, Discord, and more. Legal betting is through licensed apps. Sports betting apps DraftKings and FanDuel are among the top brands that offer legal esports betting on fantasy games like League of Legends, Call of Duty, Dota and Rocket League.
Now, legitimate betting apps are starting to come online. VIE – the First licensed esports-only betting The app launched in North America this year in New Jersey in partnership with Bally’s Atlantic City.
The VIE app is owned by Esports Entertainment Group (EEG) and offers the best fantasy games, billing itself as “all delivery, all the time”. But it’s still a mobile sports betting app.
If remittance is added to the state’s definition of Internet gaming, it remains to be seen how that will affect New Jersey’s regulation of sports betting. Traditional sports betting operators may see more competition in the esports arena – but they can still compete.
According to S2986 “There is nothing in this bill that would prohibit any traditional sports betting operator from offering betting on esports, which is currently allowed.”
Any change is unlikely to have much of an impact on New Jersey’s brick-and-mortar casinos. Atlantic City Casinos maintains control over any legal betting app in the NJ market. They may even have the opportunity to form new partnerships down the road.
What’s Next for the NJ Esports Bill?
S2986 was introduced in the Senate on September 22. It was directed to the Senate State Government, Wagering, Tourism and Historic Preservation Committee.
No date has been set for the committee to act on the legislation, but there is plenty of time left to act this year.
The last session of the New Jersey State Legislature in 2022 is December 31st.
Image by Roman Kosolapov