A first by the Nevada gaming regulator; esports betting approved!

Gamblers will now be able to wager on three esports video game tournaments

For the first time ever, The Nevada Gaming Control Board has approved esports betting, which allows three types of wagers to be accepted by the operators. The three types are as follow: head to head, winner of each winner and overall season winner.

All wagers must be placed before the start of the contest, and in-play bets are prohibited.

The following are the competitions that the bookmakers can offer: Overwatch League, League of Legends European Championships and North America League of Legends.

One of the competitions that bookmakers can now offer.

The permission for esports betting was fast-tracked due to the suspension of live sports activities all over the world brought about by the Covid-19 pandemic. At the height of live sports postponement, esports finds its way to the iGaming industry and creates a new audience for online gaming and tournaments.

The odds to offer for each esports contests are within the decision of the bookmakers, but prior notification to the regulator is required.

In addition, there are more conditions to be followed by this approval. Deviation from the three types of wager automatically counts the wager out. However, an application may be submitted for the state’s approval in order to pass.

In previous years, gambling for esports events was allowed by some regulators but for a state to allow it for an entire league is something new. Online betting site William Hill was one of the first to participate in esports betting.

About SiGMA Expo:

In order to bring key players of global iGaming and emerging tech sectors together, SiGMA Group will host an online conference in partnership with ICE Asia, taking place on June 8-10th, 2020. Register for free here. SiGMA Manila will be now held on the 27th and 28th of May 2021. To become a part of the fastest paced Asian iGaming event, book a pass or sponsor & exhibit here. SiGMA Group will also bring together operators, suppliers, and affiliates, facilitating new business opportunities for both existing and emerging markets at their signature show happening in Malta on November 17-19th, 2020. Book a pass or sponsor and exhibit for SiGMA Malta now.

For those planning to attend the summits this is the buzzing business environment to be expected: