Will We See eSports Betting in a New Jersey Sportsbook Soon?

When it comes to online gambling, offering a wide range of betting products will be a huge advantage. A lot of gambling operators always look for the latest technology and products to add to their portfolios. But sometimes, the law takes a little longer to catch up with the fast pace of gambling. But New Jersey is one of the states that is proactive in looking at gambling and finding out what can improve the industry. And with what we have seen in the Senate, we are asking, will see eSports betting in a New Jersey Sportsbook?

Senator James Beach (D) filed Bill S2986. The bill aims to define eSports as internet gaming, additional gaming permits, and esports only permits for sports betting as well. This bill will help further expand sports betting in the state, as they list it under a separate category under the regulatory framework. Adding eSports in a sportsbook software will definitely open doors to a new demographic of sports bettors.

Esports in a New Jersey Sportsbook

Currently, esports betting is only allowed in online sportsbook apps in the state. The bill wants to allow casinos to add esports to their more traditional online casino products. They also want to ensure that adding this will not affect the limit of five online permits per retail operator. Adding esports betting will definitely be a worthy investment. Keep in mind that the esports industry is expected to hit $1-2 billion a year in revenue. Something you should consider doing in your sportsbook pay per head business.

This can also be a huge help in helping New Jersey earn more. Since online sports betting in New York launched this year, New York residents who were betting in New Jersey went back to local sportsbooks. This can be seen as New Jersey was seeing less handle. Adding esports betting to more operators in the state allows for the potential to earn more to make up for the loss of New York bettors.

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