Atlantic City conference highlights esports wagering potential

atlantic-city-conference-highlights-esports-wagering-potential

Speaking at the recent Casino Esports Conference in Atlantic City, delegates from both casino operators and video game companies agreed that there is huge potential in building bridges between the hundreds of millions of online video gamers and the betting and iGaming sectors.

“Esports is only going to get bigger,” said Seth Schorr, Chairman of Las Vegas’ Downtown Grand Casino. “It is not a fad.”

Spectator wagering on competitive video gaming represents huge global economic potential, with established gambling companies needing to best work out how best to be part of this rapidly expanding opportunity.

Twitch, the online streaming platform, is attracting 3-6 million viewers at any given time, and the potential to generate licensed gambling revenue from this audience as regulations evolve cannot sensibly be ignored.

With speakers agreeing that esports enthusiasts are unlikely to be content to rely on random outcomes that determine their betting success, the obvious parallels are with traditional sports wagering and the online generation. And Seth Schorr added that the industry should begin by focusing on attracting video game players in their natural habitat, online. where they live: online.

“It is good to fish where the fish are,” he said. “And they are online, not in the casinos.”

The reality of this future was further underlined by Anthony Strangia, a Deputy Attorney General with the New Jersey Division of Gaming Enforcement, who said: “Regulators in states including New Jersey and Nevada are currently considering changes to their gambling laws governing esports to make it easier to take wagers on events while ensuring their integrity.”