Image credit: Shutterstock<\/figcaption><\/figure>\nRELATED: <\/b>Esports Entertainment Group renews partnership with NBA 2K League<\/b><\/a><\/span><\/p>\n
New Jersey bettors will be able to wager on a variety of prominent esports, including Counter-Strike: Global Offensive, League of Legends, and Dota 2.<\/span><\/p>\n
CEO of Esports Entertainment Group Grant Johnson<\/b> commented on the approval in a release: <\/span>“We couldn’t be more pleased to be the first esports-dedicated operator to be granted the right to commence business in New Jersey. On behalf of our entire team, I would like to thank the Division of Gaming Enforcement for their approval of our platform and the trust they have placed in our company.\u00a0<\/span><\/span><\/p>\n
“Global esports betting is estimated to exceed $205bn by 2027, and 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.”<\/span><\/p>\n
RELATED: <\/b>Esports Entertainment Group open Hoboken, NJ office<\/b><\/a><\/span><\/p>\n
New Jersey lawmakers had <\/span>passed legislation<\/span><\/a> in July 2021 to include esports betting in the state\u2019s legal sports betting industry. Licensed state operators, such as Esports Entertainment Group, are permitted to accept bets on esports up to $100, with a potential winning bet of up to $500. If sanctioned by the New Jersey Division of Gaming Enforcement (DGE), that wager limit could increase.<\/span><\/span><\/p>\n
Esports Insider says: It\u2019s certainly a red letter day for the folks at Esports Entertainment Group. The company had been pursuing a New Jersey license as early as 2020. This will presumably offer state residents a more accessible option for esports betting given the firm\u2019s focus, and, in lieu of other domestic sportsbooks failing to offer routine markets on competitive gaming.<\/b><\/span><\/p>\n
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Publicly-traded gambling company Esports Entertainment Group (EEG) has received an order approving a transactional waiver from the New Jersey Division of Gaming Enforcement (NJDGE). The transactional waiver will allow EEG to legally accept bets in the Garden State. 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