Clicky

eSports Betting Live in New Jersey, Where Next? - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
esports-arena
Published on
Update on

Last month, casinos and racetracks in New Jersey began taking bets on esports tournaments, a move that further expanded the already thriving sports betting industry in the state. Needless to say, esports is a multi-billion industry that has sparked a lot of interest among investors in several different sectors. Esports betting is, therefore, a very lucrative market that is beginning to slowly become one of the key offerings in a number of popular online markets. As expected, this has been primarily driven by player interest across several states.

While esports betting seems to have just started being a disruptive force in the world of gambling, it has existed for much longer than that. In the United States, the first legal and regulated esports bet was placed back in 2016 and since then, a number of gambling operators have moved towards investing in the sector. There are now a decent number of esports betting facilities and offerings from all over the world.

Gaming companies have set their sights on the new audience that is full of the rather newer crowd of players who have a deep interest in video games. New Jersey and other states considering the regulation of esports betting are already aware of the potential of drawing revenue from a totally new and different demographic.

FanDuel in the Lead

In the United States, FanDuel became the very first online sports betting operator to offers bets on esports events and tournaments. The operator’s customers are able to enjoy bets on their favorite esports teams and games right on their mobile apps – there is no need to download anything extra. While the betting volumes are still relatively low especially in comparison to other verticals, the esports betting offering is showing signs of immense growth. Time will tell how everything turns out.

We have already seen the potential of the esports betting industry in the short term and, as it turns out, New Jersey is not the only state that will benefit from esports betting. FanDuel, for instance, has plans for a number of other states including West Virginia, Indiana, Nevada, and Pennsylvania.

The Future Looks Bright, Very Bright

In 2019, experts predicted that the video game industry would generate as much as $150 billion in sales. Keeping that in mind, esports betting will be able to attract up to a whopping $12.9 billion in wagers next year. These figures are simply indicators of the confidence that investors have in the esports industry. It is quite justified owing to the immense growth of the industry and increasing interest.

Latest Headlines

Horseshoe Online Casino Arrives in PA as Wind Creek Bethlehem Secures Five-Year License

Pennsylvania’s gaming market has seen several impressive developments, marking significant steps for both online and land-based operators. With the launch of Caesars Entertainment’s Horseshoe Online Casino and the Pennsylvania Gaming Control Board (PGCB) renewing the license for Wind Creek Bethlehem, the state’s gambling landscape is expanding in both digital and physical domains. Caesars’ Horseshoe Launch […]

Pennsylvania Gambling Revenue Hits $525.5M in August 2024

Pennsylvania’s gambling industry saw impressive growth in August 2024, with total revenue hitting $525.5 million. This marks a 14.9% increase from the same time last year and a 4.9% rise from July. The state’s booming iGaming sector played a key role in driving these numbers, further cementing Pennsylvania’s place as a top market for online […]

Presque Isle Downs & Casino to Face License Renewal Review

On September 25, 2024, the Pennsylvania Gaming Control Board (PGCB) will hold a pivotal public hearing to evaluate Presque Isle Downs & Casino’s request to extend its Category 1 Slot Machine Operator License. Keeping up the high standards anticipated in Pennsylvania’s gaming industry is essential, and this review process is more than simply a periodic […]

Evolution Expands Casino Offerings with Spanish-Language Blackjack in Pennsylvania

Evolution Gaming has taken an unexpected leap by adding Spanish-language live dealer blackjack tables to its portfolio in Pennsylvania. This decision highlights the increasing necessity of catering to ethnic audiences. In addition to being a new feature, the launch that occurred in the middle of August was a deliberate move to cater to the state’s […]

Bet365 Expands U.S. Presence with Full Pennsylvania Gaming Approval

Bet365, the world-renowned gaming company, achieved a major milestone with the formal authorization it received from the Pennsylvania Gaming Control Board to provide online sports betting and iGaming in Pennsylvania. This license solidifies Bet365’s position in the competitive online gambling industry by broadening its U.S. footprint to eleven states. Bet365 successfully started its soft launch […]

Similar Stories in Gambling

Horseshoe Online Casino Arrives in PA as Wind Creek Bethlehem Secures Five-Year License

Pennsylvania’s gaming market has seen several impressive developments, marking significant steps for both online and land-based operators. With the launch of Caesars Entertainment’s Horseshoe Online Casino and the Pennsylvania Gaming Control Board (PGCB) renewing the license for Wind Creek Bethlehem, the state’s gambling landscape is expanding in both digital and physical domains. Caesars’ Horseshoe Launch […]

Pennsylvania State Gaming Board Targets Child Safety in Casinos with New Campaign

A new crackdown on child neglect and underage gambling has been unveiled by the Pennsylvania Gaming Control Board (PGCB), with an emphasis on making sure all gaming venues in the state are safe and following all regulations. To support these enforcement efforts, the PGCB has launched the “Don’t Gamble with Kids” public awareness campaign. Needless […]

Mohegan Digital Debuts New iGaming Option in Pennsylvania

Mohegan Digital, a pioneering force in the gambling industry, has recently unveiled its newest offering, an immersive online casino experience developed exclusively for the state of Pennsylvania. This marks yet another great development for the state’s lucrative iGaming sector. The launch is a triumph of ingenuity and complexity, and it was created under the capable […]

Caesars Palace Online Casino Makes a Mark in Pennsylvania

Caesars has released a fresh initiative to strengthen its position in the expanding market of Pennsylvania online casinos. In its new guise as Caesars Palace Online Casino, the company hopes to compete with other top providers in Pennsylvania. Not just in Pennsylvania, but throughout the country, industry behemoths like DraftKings, BetMGM, and FanDuel have a […]