There are about 2.2 billion people playing video games daily in the world. Therefore, it is natural that some of these games’ enthusiasts are keen on watching and gambling on the pros.
Notably, e-sports betting have developed in recent years and the multibillion-dollar industry will get more popular in the coming years.
Some states in the United States have optimized this popularity to bring e-sports in their legalized betting markets. However, e-sports gambling do not seem to be successful in America now.
The followings are five main reasons why the esports betting industry has been slow to materialize in the United States.
1/ Sports betting is primary agenda
In the past a quarter century, offshore sportsbooks have been offering sports bets for professional gamblers. However now marks the first point where each state can choose to offer legal betting.
The Supreme Court eliminated the Professional and Amateur Sports Protection Act in May 2018, which had banned sports betting on a federal level.
After the elimination, over a dozen states in the United States have taken advantage of their right to legalize sports wagering. Meanwhile, more than a dozen other are either considering doing the same or waiting for the legalization.
Therefore, state politicians are now focusing on what traditional sports gambling can do, not what the video gaming side can offer. Few politicians can realize what hot e-sports are in other parts of the world. They simply want to ensure the regulations on betting on standard sports.
2/ Underage Players Can Sink E-sports in Some States
E-sports have a stranger dynamic where young players can compete with seasoned professionals. E-sports do not require players to be muscular, fast, and mature. Players need fast reflexes and dedication. The underage professionals are nothing new to e-sports.
However, U.S. lawmakers are not familiar with this concept when every state ban wagering on high school and middle school students.