This is because the state has another opportunity to boost the economy, and regulating e-sports betting is one of the fastest growing sectors of the gaming industry.
Recent Legal Changes in the New Jersey Game Framework
New Jersey became the latest state to regulate daily fantasy sports last week. Under the recently introduced law, all operators who wish to offer daily fantasy sports are required to pay a 10.5% tax. Experts expect the state could collect about $6.6 million a year, which would be used to fill some of the budget gaps. Christie’s decision to regulate DFS was due to the fact that despite these restrictions, many players still continued to bet on DFS. This shady practice led to significant money outflows as operators pocketed all cash without paying taxes.
E-Sports Betting Possibilities Reveals
The new law is an important step forward in the legalization of online games in the state. It would end illegal practices and generate stable income for the state’s finances. As for DFS, experts also anticipated a good view of regulating e-sports as part of the growing online gaming industry. In fact, it’s worth noting that the state’s casino industry is already putting its finger on the pulse of e-sports, as Caesars Atlantic City organized an e-sports tournament in March this year. The game event attracted the attention of 900 players and viewers, which is clear about the popularity of this type of game in the state.파워볼게임
In fact, casino officials reported that most event participants spend more money on rooms, meals, etc. than gambling activities. This is a sign that participants are more interested in betting on e-sports than casino games. Unfortunately, betting on e-sports is currently regulated only in Nevada.
To meet the growing demands of players, more and more states are now considering regulating the online gaming sector. Earlier this year, after the Massachusetts Commission reported that players had bet $5.5 billion on video game teams and players over the past year, Massachusetts realized that e-sports deserved attention. Unlike DFS, where players form virtual teams based on real players, eSports is a multiplayer video game competition.
In order to benefit from the growth of e-sports, it is highly recommended to consider regulating the sector. This opens up a big view in front of New Jersey to further develop New Jersey’s economy and settle Atlantic City as a tourist destination. However, such a step must be accompanied by an appropriate regulatory framework and an appropriate tax system.