ONLINE POKER, SPORTS BETTING � IS ESPORTS BETTING THE NEXT FRONTIER FOR NEW JERSEY?
Both eSports and sports betting are growing exponentially all over the U.S. � but so far, mostly on parallel tracks.
A New Jersey assemblyman aims to change that with a bill he recently introduced to place eSports on a level playing field with more traditional sports betting.
�It�s clearly the next big thing, and if New Jersey gets in on it early, it can really bring in some revenue,� Democrat Ralph Caputo told NJ Online Gambling Tuesday.
�Throughout the country and the world, video game enthusiasts are flocking to see expert players compete in all kinds of digital games,� Caputo added. �Whether they follow along online or in person, hundreds of millions of people watch eSports each year, and that number is only growing.
�With online sports betting now legal in our state and a rapidly expanding eSports industry already in existence, the time is right for New Jersey to expand legal wagering beyond traditional sports.�
Caputo also said that Atlantic City � already a destination for many eSports tournaments � could dominate that market if it is the first state on the East Coast to regularly offer betting on the tournaments as well. That would provide extra tax revenue for the state from more hotel stays and increases in food, beverage, and shopping revenue.
New Jersey was the third state in the U.S. to legalize online poker and sports betting, in both cases placing just days behind Delaware and also after Nevada.
Limits on eSports betting
The state�s current law only allows for eSports betting if the regulators at the Division of Gaming Enforcement approve a formal request. That has happened during an eSports event that took place in Paris in November. No �in-game betting� was allowed, and the maximum bet was $1,000.
Caputo�s bill allows for wagers of no more than $100 and a potential winning bet of no more than $500 unless approval is given by state regulators.
Helping Caputo is the fact that state DGE Director David Rebuck announced his support for the bill at a recent meeting of the Assembly Tourism, Gaming, and the Arts Committee.
The discussion was important, said Caputo, 79, because few if any other committee members were aware of the popularity of eSports.
As for possible opposition, Caputo said, �I haven�t heard one �con� at all � not even one email.�
To head off one possible objection � concerns that eSports� popularity among teens might tempt them to find a way to bet illegally on the contests � Caputo�s bill would ban betting on high school-sponsored eSports events or other events where a majority of the participants are under age 21.
�I have asked a state senator to sponsor this bill, but haven�t heard back yet,� said Caputo. �These things take time, but I�m going to keep pushing.�
More items on Caputo�s agenda
Caputo, who spent three decades as an Atlantic City casino executive � the only legislator with such experience � has introduced more than a dozen other gambling-related bills and continuing resolutions this year in hopes of gaining traction from his colleagues.
The longest-standing issue dates back 40 years and goes to the question of whether video lottery terminals could be installed at sites such as the Meadowlands Racetrack if the operation was run by the state lottery or if that would run afoul of Atlantic City�s statewide gambling monopoly.
Former Gov. Jim McGreevey tried to revive the idea two decades ago, but Atlantic City lobbyists and elected officials successfully pushed back against it. Caputo said he hoped that now that the AC casinos have embraced online casino gaming and sports betting all over the state, there might be a chance to revive the long-dormant proposal.
One Caputo bill would send the net revenues to the state�s horse racing industry, while another would split the money three ways among horse racing, the state education fund, and the general fund.
Other bills propose one, two, or three casinos for North Jersey � four years after a statewide referendum on two such casinos was soundly defeated in the wake of a multi-million dollar marketing campaign against the measure funded by Yonkers Raceway and Resorts Casino in Atlantic City, among others.
�We were cheated on that one,� Caputo said. �We�re not trying to kill Atlantic City, and meanwhile there�s talk of more casinos all over � Connecticut, Massachusetts, New York. Anybody can see what�s happening. Why drive all the way to Atlantic City?�
Other bills would remove the ban on sports betting on New Jersey universities; limit state lottery games to a maximum of two drawings per day; and require legislative approval of any new wrinkles in lottery games.
But Caputo said that eSports is his main focus now, �and once we take care of that, we�ll see about the rest.�
https://www.njonlinegambling.com/esports-betting-next-frontier-new-jersey/
We have noticed this post relating to 24 VIP Casino No Deposit down the page on the internet and accepted it made sense to talk about it with you in this article.
Online Casino sites is a wonderful means to attempt your good luck at on the internet gaming without ever stepping foot in a real casino site. This has a lot of advantages: the ability to check out your abilities without having to risk anything; you can gain cash instantaneously from winning; as well as you can get your hands on some real cash in a split second.
Unfortunately, there are reviews uploaded on numerous evaluation sites about the various rip-offs on the internet casino sites are entailed with. Some of these are outright, and they are clearly describing the high-pressure sales techniques.
The good thing is that the majority of the websites that have actually been put online have a legitimate goal, and this is what makes them beneficial to their individuals. Most notably, you can rely on the websites that offer totally free spins as they have the word of mouth to support them.
Free spins provide you the chance to experience on the internet gaming without running the risk of anything at all. If you win a reward prize as well as you choose to use that payouts for a future journey to Las Las vega, all you have to do is load up on jackpots that originate from a recent gambling establishment event and you will certainly have sufficient to cover the expenditures of your trip.
The majority of the testimonials that show up are generally written by those that do not know anything concerning the truth of on the internet casino sites and do not comprehend the idea of real money versus cost-free money. They presume that because there is no deposit needed that they must be higher-risk than land-based online casinos and also try this thus encourage you to play in the land-based casinos to prevent any type of risk in any way.
Casinopoker.com is just one of the websites that have actually been provided in these types of online casino site reviews. Below you will locate the adhering to statement: "The goal is to meet you with a lot of buzz and also advertising without telling you anything."
What most people do not knowis that Casinopoker.com is in fact a website for real cash wagering. It just provides rewards and free rotates to ensure that those that intend to play for actual cash can have the same opportunity as the other gamers.
The ratings and testimonials are really helpful in that they can aid you find a credible website that uses actual money in promos that are not based upon rewards as basics well as free spins. So you can pick to go with one of the Casinopoker websites or the Casinoreggs.com.
Casinopoker likewise has a high quality product line, a few of which includes a system for getting rid of credit card info theft, and also is secure enough to go head-to-head with the on the internet security systems. This is among the qualities that make Casinopoker so unique compared to the remainder of the online casinos.
The Casinopoker group has made it a point to ensure that the video gaming systems are as easy to use as possible to make sure that it is simple for every person to understand and also learn. Therefore, Casinopoker is a fantastic site for novices to start in online casinos.
When you start playing at Casinopoker, you will certainly notice that a lot of the games are using real money yet at a relatively reduced danger. At the very same time, there are some video games that permit you to begin playing without risking anything.
The Casinopoker team has actually also worked hard to enhance the sites to ensure that the video games are constantly protected as well as are well arranged, enabling you to win more money when you win as well as obtain some real cash money to your account. There are additionally free spins and also complimentary incentive uses that are all aimed in the direction of making the games better.
We hope you enjoyed our excerpt about 24 VIP Casino Bonus Code. Thanks for spending some time to read our article post. In case you appreciated our blog post please do not forget to share it. Bless you for being here. Come back soon.