New Jersey Bill Would Allow Esports Bets Without DGE Approval

New Jersey state representative Ralph Caputo has introduced a bill that would allow operators to take bets on esports without needing to ask for Division of Gaming Enforcement’s approval.

Currently, betting on esports events can be permitted by the DGE, which determines whether to allow betting on such an event on a case-by-case basis.

However, in practice this has led to a very slot uptake of esports betting, with only BetMGM-GVC joint venture Roar Digital taking up the opportunity. Roar took bets for the League of Legends World Championship online and at the Borgata Casino in November.

Under Caputo’s Bill – A637 – however, betting on any “skill-based attraction” may be approved as long as the majority of participants are at least 18. As well as esports, this would permit betting on other skill-based events, including award shows and competitive eating contests, without specific DGE approval.

bitcoin
Bitcoin (BTC) $ 36,454.00 0.77%
ethereum
Ethereum (ETH) $ 1,248.71 5.85%
tether
Tether (USDT) $ 1.00 0.50%
polkadot
Polkadot (DOT) $ 17.28 18.56%
ripple
XRP (XRP) $ 0.283736 0.94%
cardano
Cardano (ADA) $ 0.377966 23.50%
litecoin
Litecoin (LTC) $ 145.81 2.04%
bitcoin-cash
Bitcoin Cash (BCH) $ 491.67 1.00%
chainlink
Chainlink (LINK) $ 20.76 3.26%
stellar
Stellar (XLM) $ 0.311904 9.52%
S&P 500  ^GSPC 
$3,768.25  $27.29  (-0.72%)
Dow Jones Industrial Average  ^DJI 
$30,814.26  $177.26  (-0.57%)
NASDAQ Composite  ^IXIC 
$12,998.50  $114.14  (-0.87%)
Russell 2000  ^RUT 
$2,123.20  $32.15  (-1.49%)
Crude Oil Feb 21  F*CL.NYM 
$52.13  $1.49  (-2.78%)
   
$0.0000  $0.0000  (0.00%)