It is no secret that the world of sports betting is a multi-billion dollar industry. In recent years, eSports has experienced an incredible surge in popularity, with fans watching competitions for games such as DOTA 2, League of Legends, and Counter-Strike: Global Offensive (CS:GO) in record numbers. So it was only a matter of time before the two industries collided, and eSports betting has quickly become one of the most popular forms of sports wagering.
As we head into 2022, several questions remain unanswered about the future of eSports betting. How will new technologies like virtual reality (VR) impact how people bet on eSports matches? What could regulatory changes be made to protect consumers better and prevent match-fixing? And perhaps most importantly, how will the legalization of sports gambling in more jurisdictions around the world affect the growth of eSports betting?
To answer these questions and more, read on for our complete guide to the future of eSports betting in 2022.
Technological Advances in eSports Betting
As we move into the next decade, it is clear that technology will play an increasingly important role in sports betting. In particular, the emergence of new technologies like virtual reality (VR) and augmented reality (AR) could significantly impact how people bet on eSports matches.
While VR technology is still in its early stages of development, it has the potential to revolutionize the way we watch and bet on eSports matches. For example, imagine being able to virtually transport yourself into an arena and experience the game as if you were there in person. Or what if you could place bets on matches using AR overlays that provide real-time odds and statistical analysis?
These are just some ways that VR and AR could change eSports betting in the future. And with companies like Oculus (owned by Facebook) and Microsoft investing heavily in VR technology, it is only a matter of time before these innovations become mainstream.
Regulatory Changes in eSports Betting
The world of sports betting is undergoing a significant shift in regulating it. In May 2018, the US Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), which had effectively banned sports gambling in most states for over 25 years. This decision opened up the floodgates for states to legalize and regulate sports betting within their own borders.
Since then, several states have taken advantage of this opportunity and enacted legislation to allow sports gambling. And as more states continue to do so in the coming years, we will likely see a similar trend emerge in the world of eSports betting.
While there are no federal laws regulating eSports betting in the US (yet), this could change in the future if Congress decides to take action. For example, lawmakers could pass legislation that would specifically target eSports betting and impose regulations on the industry. Or they could amend existing gambling laws to include eSports betting under their purview.
Regardless of what Congress does (or doesn’t do), it is clear that state governments will play a major role in shaping the future of eSports betting in the US. And as more states legalize and regulate sports gambling, we can expect to see a similar trend emerge for eSports betting.
The Growth of Legal eSports Betting Markets
As we mentioned earlier, the legalization of sports gambling in more jurisdictions around the world will have a major impact on the growth of eSports betting. This is because legal markets provide a safe and regulated environment for people to bet on eSports matches. For example, people can now take advantage of several perks and benefits of online betting promotions and bonus codes like the FanDuel promo code NY.
In addition, the growth of legal eSports betting markets will also lead to more investment from both the private and public sectors. For example, we can expect to see more sponsorships from companies looking to tap into the growing eSports betting market. And as the market matures, we will also likely see the formation of dedicated eSports betting companies and even television networks devoted to broadcasting eSports matches.
All of this investment will help to fuel the growth of eSports betting and make it an even more popular form of gambling in the years to come.
As we head into 2022, there are a lot of unknowns about the future of eSports betting. But one thing is for sure: with the legalization of sports gambling in more states and the continued growth of legal eSports betting markets, we can expect to see a lot more action in this space. So whether you’re a casual bettor or a hardcore gambler, make sure to keep an eye on the eSports betting scene in the coming year.