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Nevada eSports Betting
Sunday July 3,2016 : NEVADA-REGULATED E-SPORTS BETTING NOW POSSIBLE
Gambling firms see new revenue possibilities in burgeoning vertical.
Nevada, and specifically Las Vegas, stands ready to embrace the burgeoning eSports vertical beyond mere hosting of its events...gambling groups are reportedly seeing the potential of regulated and licensed betting on the video-gaming contests that have so captured millennial demographic attention.
The publication CDC Gaming reported over the weekend that eSports involvement may soon spread to sports books, pending further direction from state regulators and policymakers.
A.G. Burnett, chairman of the Nevada Gaming Control Board, told the publication that the discussion had focused on a simple question: Do e-sports competitions constitute “athletic events?” If so, sports books could start accepting wagers on them right away. If the answer is no, Burnett said, books could still apply for regulatory permission to offer bets on the competitions.
CDC says the state Gaming Policy Committee discussed the eSports issue in May this year and will return to the subject to iron out what Burnett described as "nuances", which he does not believe pose significant obstacles.
“I’m sure that e-sports betting will be up and running in Nevada within the next couple of months, unless the Gaming Policy Committee were to say, no, we think it’s a bad thing, or we think it’s a bad idea to allow wagering on it,” Burnett said.
“The impression I get is that everybody understands it, everyone agrees that the books should be allowed to take bets on it, and we’ll probably move forward.”
Regulators would treat eSports the same way they do other athletic events, according to Burnett.
Wagering on e-sports has become a popular activity in line with the rapid growth of the genre; CDC quotes respected gaming industry analyst Chris Grove who says that this year alone, some 8 million unique players will wager more than $8 billion on international eSports, comparing this with wagers on traditional sports at Nevada sports books, which exceeded $4.2 billion last year.
These numbers include cash betting and wagers using "skins" as currency that can subsequently be converted back to cash in secondary markets outside the operator-developer environment; "skins" are virtual weapons and other items that players can use within a game.
Grove predicts a bright future for eSports betting, which he says is set for substantial growth to $29.8 billion from 15.4 million punters by 2020.
“What we’re going to do is really look hard at whoever is offering the [eSports] tournament or the championship, and assess whether it’s something our books should be able to take bets on or not,” Burnett said. “While we may not allow bets on every single e-sports event, I can certainly think of a couple.”
Gambling News :
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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