New York e-Sports Betting Boom
Given the vast expansion of online entertainment in recent years, it is not really surprising that betting and sportsbooks have also begun to thrive on the internet. One place where e-sports betting is particularly popular is New York, New Yorkers can now place wagers on all their favorite sports via a New York sportsbook.
In the United States, changes in legalization mean that around 40 percent of the adult population (those over 21yrs old) now have access to online sportsbooks and this figure continues to rise.
Bettors in New York can place bets on all of the top competitions in the biggest sporting leagues, from both US based and international games. The most popular include the NFL, NHL, NBA and MLB.
Another that is gaining attention on online sportsbooks is e-sports, many have now added esports competitions to their bet offering. But what are e-sports? E-sports is gaming but on a professional level, it involves organization of multiplayer online gaming contests between teams of experienced players, or between individuals players.
Globally, the worldwide esports audience size is estimated to be as high as 523 million people and in two years time this could be as high as 640 million people. Asia is the largest e-sports market and currently accounts for around 20 percent of all e-sports revenue, however North America is also a large part of the market too.
What are some of the best known e-sports competitions that fans can watch?
Counter Strike: Global Offensive is a highly popular video game and e-sports tournament. Also known as CS:GO, this is a tactical shooter game where teams of players compete against one another to achieve dominance over the map.
Bomb defusion is one of the most played scenarios, in this case one team is trying to plant the bomb and defend the site, while the other is trying to stop that from happening.
Another highly anticipated event in the e-sports calendar is League of Legends or LoL. This is a Multiplayer Online Battle Arena type game and tends to be played on 5v5 maps.
Another MOBA game that is big in the e-sports world is Dota 2, where the objective is to capture the other team’s base. It is played in teams of five and is a diverse game with more than a hundred character heroes to select from.
The e-sports betting is now booming
Not only do people enjoy watching e-sports competitions, they also like to place bets on the tournament’s outcomes and players achievements. Four years ago e-sports betting revenue was estimated to be around $1 billion US dollars and by 2025, this figure could be as high as $13 billion dollars.
E-sports betting is growing exponentially around the world, particularly in the United States as each year more states are moving to legalize and regulate the industry. There are a growing number of sportsbooks in the country that support e-sports betting, meaning there is great choice over which betmaker site to use and what bet types you can choose.
The rise in e-sports betting in New York
In New York, e-sports betting has become legalized and is currently regulated. This means that it is available on sportsbooks but certain rules apply.
New York is a great place for fans of the e-sports world as a number of competitions take place in the state. For example, in New York city there is the the ESL One New York competition that takes place every year.
ESL is one of the biggest e-sports providers in the world and the two-day tournament in New York has had a big prize fund of more than $200,000. Fans attend the events in person to watch the tournament, attend signing events, talks and shop for goodies.
You can watch e-sports competitions online in real-time through the major streaming sites like Twitch, YouTube and sometimes on Facebook too. You can bet on outcomes such as the tournament winner, most kills, first kill, match winner or place classic over/under bets or odds/evens bets.
If you are interested in e-sports betting in New York, you can do this either on a sportsbook desktop site or sportsbook app. Take a look at a e-sports calendar to see what events are coming up and check with events are available to place a wager on in NY.
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