Esports Entertainment Group, Inc has announced that its transactional waiver for the New Jersey Division of Gaming Enforcement (DGE) has been submitted.
Once approved, it would allow the company to begin betting operations in the Garden State.
"New Jersey sports betting reported the first $1 billion handle in September alone and it shows no signs of slowing down anytime soon," said Grant Johnson, CEO of Esports Entertainment, in a statement.
"The transactional waiver is one of the final steps in us being able to go live and bring the exciting world of esports betting to the state of New Jersey," Johnson added.
In preparation for the issuance of its New Jersey gaming license, the company opened an office in Hoboken at the beginning of September.
And in its October earnings call, it was announced that fourth-quarter revenue rose 63% versus the 3Q, and there was a significant increase in stockholder equity to $74.8 million in fiscal year 2021.
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