New Jersey is known as one of the more progressive gambling markets in the U.S. and it seems that it continues to attract new customers and operators to its territory. A new thing is coming, and it’s going to be spectacular. For the first time in its history, New Jersey will see people placing wagers in esports at the state’s licensed sportsbooks.
The Division of Gaming Enforcement (DGE), the state’s gambling regulator, has decided to grant a weekend pass for sportsbooks to receive bets for the 2019 League of Legend (LOL) ending phase of the tournament. World Championship Finals in LOL will take place this weekend.
The pass includes a cap of $1,000 in bets on the match. Also, the prohibition of offering in-game betting will still stand.
New Jersey may seem liberal when it comes to gambling (because it legalized it last year) but people should know that there is a prohibition on placing bets on high school events, video game tournaments and esports. The state takes gambling laws very seriously. The state decided to change its stance towards esports by allowing wagers as long as these events weren’t sponsored by high schools or didn’t involve kids less than 18yrs of age.
Still, not many LOL gamers are veterans, most are under 18 years of age, but that didn’t change the regulators’ minds in the long run. This weekend, however, the rule may be overlooked because of this gigantic event.
League of Legends is the most popular MOBA game in the world. It is also the most prestigious esports event and its final will take place this Saturday in Paris, France. Its budget is enormous, there is a prize pool of $2.235 million and a top prize of at least $834,000, so there is no doubt that someone is going to get rich this weekend.