{"id":78012,"date":"2022-01-24T14:50:32","date_gmt":"2022-01-24T14:50:32","guid":{"rendered":"https:\/\/esportsinsider.com\/?p=78012"},"modified":"2022-01-24T14:50:32","modified_gmt":"2022-01-24T14:50:32","slug":"esports-entertainment-group-granted-new-jersey-betting-license","status":"publish","type":"post","link":"https:\/\/esportsinsider.com\/2022\/01\/esports-entertainment-group-granted-new-jersey-betting-license","title":{"rendered":"Esports Entertainment Group granted New Jersey betting license"},"content":{"rendered":"<p><span style=\"font-family: 'book antiqua', palatino;\"><span style=\"font-weight: 400;\">Publicly-traded gambling company <\/span><b>Esports Entertainment Group (EEG)<\/b><span style=\"font-weight: 400;\"> has received an order approving a transactional waiver from the New Jersey Division of Gaming Enforcement (NJDGE).<\/span><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><span style=\"font-weight: 400;\">The transactional waiver will allow EEG to legally accept bets in the Garden State.<\/span><\/span><\/p>\n<p><span style=\"font-weight: 400; font-family: 'book antiqua', palatino;\">Esports Entertainment Group intends to launch its esports betting platform VIE.gg in New Jersey on Tuesday afternoon. The launch of VIE.gg will kick off with a five-day ‘soft play’ period, which ensures limitations are applied to the online wagering experience to ‘ensure proper regulatory operations’.<\/span><\/p>\n<figure id=\"attachment_67990\" aria-describedby=\"caption-attachment-67990\" style=\"width: 706px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-67990\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2021\/07\/shutterstock_1431885032-min-300x193.jpg\" alt=\"New Jersey\" width=\"706\" height=\"454\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2021\/07\/shutterstock_1431885032-min-300x193.jpg 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2021\/07\/shutterstock_1431885032-min-1024x658.jpg 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2021\/07\/shutterstock_1431885032-min-768x493.jpg 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2021\/07\/shutterstock_1431885032-min-1536x987.jpg 1536w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2021\/07\/shutterstock_1431885032-min-696x447.jpg 696w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2021\/07\/shutterstock_1431885032-min-1068x686.jpg 1068w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2021\/07\/shutterstock_1431885032-min-654x420.jpg 654w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2021\/07\/shutterstock_1431885032-min.jpg 1868w\" sizes=\"auto, (max-width: 706px) 100vw, 706px\" \/><figcaption id=\"caption-attachment-67990\" class=\"wp-caption-text\">Image credit: Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><b>RELATED: <\/b><a href=\"https:\/\/esportsinsider.com\/2022\/01\/esports-entertainment-group-partnership-nba-2k-league\/\"><b>Esports Entertainment Group renews partnership with NBA 2K League<\/b><\/a><\/span><\/p>\n<p><span style=\"font-weight: 400; font-family: 'book antiqua', palatino;\">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<p><span style=\"font-family: 'book antiqua', palatino;\"><b>CEO of Esports Entertainment Group Grant Johnson<\/b><span style=\"font-weight: 400;\"> commented on the approval in a release: <\/span><span style=\"font-weight: 400;\">“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<p><span style=\"font-weight: 400; font-family: 'book antiqua', palatino;\">“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<p><span style=\"font-family: 'book antiqua', palatino;\"><b>RELATED: <\/b><a href=\"https:\/\/esportsinsider.com\/2021\/09\/esports-entertainment-group-nj-office\/\"><b>Esports Entertainment Group open Hoboken, NJ office<\/b><\/a><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><span style=\"font-weight: 400;\">New Jersey lawmakers had <\/span><a href=\"https:\/\/esportsinsider.com\/2021\/07\/esports-betting-bill-passes-in-new-jersey\/\"><span style=\"font-weight: 400;\">passed legislation<\/span><\/a><span style=\"font-weight: 400;\"> 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<p><span style=\"font-family: 'book antiqua', palatino;\"><b>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<p style=\"text-align: center;\">[maxbutton id=”18″ ]\n","protected":false},"excerpt":{"rendered":"<p>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. Esports Entertainment Group intends to launch its esports betting platform VIE.gg in New Jersey on Tuesday afternoon. … <a href=\"https:\/\/esportsinsider.com\/2022\/01\/esports-entertainment-group-granted-new-jersey-betting-license\">Continued<\/a><\/p>\n","protected":false},"author":23,"featured_media":67990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","esi_template":"default","excluded":false,"footnotes":""},"categories":[63,87,106,237,240],"tags":[],"class_list":["post-78012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial","category-gambling","category-latest-news","category-news-by-region","category-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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