NJ Approves Company to Take Bets on Competitive Video Games

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

NJ has approved its first company to take bets on competitive video games, a fast-growing activity known as esports that is popular with young people around the world, officials said.

“We couldn’t be more pleased to be the first esports-dedicated operator to be granted the right to commence business in New Jersey," said Grant Johnson, the company's CEO."We are thrilled to be playing such an important role in this fast-growing market with the launch of our first esports wagering offering in the United States.”The market research company Newzoo projects esports will generate $1.6 billion in revenue globally by 2024, up from just over $1 billion last year.

Customers on the Esports Entertainment Group platform will be able to bet on other people playing games including Call of Duty, League of Legends and others. New Jersey regulators have given approval on a case-by-case basis for individual events or tournaments involving esports. This approval is the first for a company for an ongoing schedule of games that will not need to be individually approved.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 569. in CA

Canada Canada Latest News, Canada Canada Headlines