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🎰 Esports bookmaking? Globally, it’s already a billion-dollar gambling industry - The Washington Post


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Dallas Mavericks owner Mark Cuban, a dot-com pioneer who built a fortune in the tech world, opted for a different route.
Instead of buying an esports team of his own, Cuban made a bet on betting, investing in a company called Unikrn that sets lines and takes wagers from around the world on esports competitions.
It would represent 38 percent annual growth from 2017, according to market research firm Newzoo.
As Gambling statistics us 2020 and other esports bookmaking companies try to tap into the lucrative and still-growing market, such bodies also are bringing order to a world that often flirts with the lines of legality, jammer hack slot machine 2020 issues of underage gambling, ill-defined regulations and match-fixing, while also becoming positioned to receive a potentially significant boost.
When Cuban first invested in Unikrn, he did so despite the fact that betting on sports is prohibited by U.
That belief could soon become reality.
Such a decision could signal a huge windfall for Unikrn and other such companies that accept esports betting, catalyzing an already emerging sector of the gambling world.
A vast majority of cash bets are placed online and are wagered on gambling statistics us 2020 outcomes of games and tournaments, much like the traditional sports betting found in Las Vegas.
Some other wagers involve fantasy teams or head-to-head gambling statistics us 2020 in which the bettor is gambling statistics us 2020, similar to a poker match or a drag race, in which players bet on themselves to win.
Unikrn — as well as companies such as Betway, Pinnacle, William Hill, Ladbrokes and GG.
Rahul Sood, founder of Unikrn, creator of Microsoft Ventures and a gamer himself, claims Unikrn has about 4 million active users, many of them from a young user base.
Sood noted the attractiveness of a younger demographic as a central reason he started the company.
A Washington Post-UMass Lowell survey conducted in fall 2017 showed almost three-quarters of Americans age 14 to 21 either played or watched multiplayer online games or competitions in the previous year.
Half of adults under 30 have played or watched online games, as have a quarter of adults overall.
Even with betting restricted to those over 18, such a customer base could be attractive to casinos looking to hedge against aging clientele.
Advocates of esports betting believe legalized sports betting will have a significant impact on the esports gambling market, noting that with more sportsbooks taking legal bets in more states, those books inevitably will adopt esports just click for source their betting offerings, given the rapid growth of competitive gaming.
Others, such as the American Gaming Association AGAsee a more complicated road for esports betting.
Even if PASPA is repealed or altered, each state must decide whether to allow sports betting and then create its own regulatory framework.
It would be up gambling statistics us 2020 the states to decide on how to categorize esports.
The presence of companies such as Unikrn can help on that front, just as sportsbooks helped root out a match-fixing scandal in professional tennis in 2017 by flagging gambling statistics us 2020 in betting patterns and competitive results.
Just as traditional sports have encountered instances of fixed games, so, too, has the fledgling esports scene.
Twenty-one players accused of fixing competitive matches for the game Counter-Strike: Global Offensive were banned from future professional events for orchestrating the outcomes of matches in 2015.
In March, two men — one who ran illegal gambling site and the other a pro player — were arrested for fixing a StarCraft tournament match.
Many bookmakers lack sufficient data on the performances of esports players and teams that traditional sportsbooks use to make odds for games source the NFL or another pro sports league.
This kind of immaturity in the market, the lack of state-level regulations and the number of underage fans are reasons the AGA does not believe a repeal or alteration of PASPA will have an overnight effect on the esports betting market.
There really is no knowledge about how PASPA affects esports.
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