Esports Entertainment Group, Inc. (NASDAQ:GMBL) announced that it has received an order approving a Transactional Waiver from the Director of the New Jersey Division of Gaming Enforcement, which permits the company to begin accepting bets in the state.
Esports Entertainment said it is the first esports betting operator to receive a Transactional Waiver in New Jersey and the company plans to launch its VIE.gg betting platform following a five-day 'soft play' period, which will begin this afternoon.
“We couldn't be more pleased to be the first esports-dedicated operator to be granted the right to commence business in New Jersey,” Esports Entertainment CEO Grant Johnson said in a statement.
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“Global esports betting is estimated to exceed $205 billion by 2027, and we are thrilled to be playing such an important role in this fast-growing market with the launch of our first esports wagering offering in the United States,” Johnson added.
The company noted that upon launch, its VIE.gg platform will allow bettors across New Jersey to wager on their favorite esports teams, such as Call of Duty, CS:GO, League of Legends, and DOTA 2, in real-time as part of a seamless and immersive experience.
It added that during the 'soft play' period, certain limitations must be applied to the online experience to ensure proper regulatory operations.
Esports Entertainment is a full stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Its mission is to help connect the world at large with the future of sports entertainment in unique and enriching ways that bring fans and gamers together.
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