expanding their presence in the esports market to fill the current void. Pnxbet a licensed gaming operator in Curacao has launched a new live esports platform which will focus on popular tournaments such as the Dota2 and CS:GO. It has also recently announced a partnership with two well known gaming streamers in South East Asia and the Philippines.
Meanwhile gaming operator and supplier Newgioco has launched a new online esports betting in Italy. Customers of Newgioco’s online operators through Multigioco can now wager on the outcome of esports events as well as esports versions of sports such and motor racing. Founded in Rome Newgioco said the launch of esports betting is intended to fill the gap left by the cancellation of sporting events. Te company has had to temporarily shut down 150 betting shop locations throughout Italy. Other esports offering are provided by
Win.gg which is licensed in Malta and offers news on the esports scene and has announced the launch of
Winners.bet, a new platform dedicated exclusively to
esports betting. In September 2019 Betway announced that they had extended its partnership with Swedish esports organisation Ninjas in Pyjamas in a six- figure deal to become the team’s headline sponsor.
Legislative changes are also on the way. In March thanks to changes in gambling regulations Nevada bookmakers were able to offer bets on Counter Strike with William Hill Nevada taking bets on the matches. Players were able to bet on head-to-head matches, the winner of each match, and the overall season winner. In April sportsbooks in the state were given permission to offer bets on Overwatch League, League of Legends European Championship and the North America League of Legends Championship.
Progress is also being made in New Jersey on an esports betting bill. In November 2019, the state gave explicit permission to sportsbooks to accept bets on the League of Legends World Championship Finals held in Paris. Legislation that will give esports
betting the green light has since then passed an Assembly committee via a unanimous decision. A637 was approved by all seven members of the Assembly Tourism, Gaming & the Arts Committee meaning that it will now go before the Speaker for consideration. Assemblyman Eric Houghtaling said that it was “important” for the state to capitalise on the rapidly growing industry in order to “both give our residents what they want and boost our economy. With online sports betting legal in New Jersey and a large number of people already interested in this type of gaming, the time is right to expand legal wagering beyond traditional sports.”
While they may not be for everyone esports have helped fill the gap for live sports attracting a larger audience than ever before. Not only have they received growing coverage in the mainstream media, tournaments have gained an increasing number of advertisers. As a result once the current crisis is over the industry will undoubtedly emerge more strongly than ever before.
NEWSWIRE / INTERACTIVE / MARKET DATA P51
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