Atlantic City Looking to Become Esports Betting Hub

Atlantic City used to rely heavily on their casino gambling. But an economic downturn wiped out several of their casinos and convinced the East Coast gambling destination to diversify. Part of this diversification effort includes trying to become an esports home. Esports have become extremely popular over the past few years. And Atlantic City is […]

Atlantic City used to rely heavily on their casino gambling. But an economic downturn wiped out several of their casinos and convinced the East Coast gambling destination to diversify.

Part of this diversification effort includes trying to become an esports home. Esports have become extremely popular over the past few years. And Atlantic City is hoping to capitalize by building an arena that will play host to professional matches.

$5 Million Esports Arena is in the Process of Being Built

Continent 8 Technologies is currently building a $5 million “data center” at the Atlantic City convention center. The goal is to eventually hold major esports tournaments in the facility and become the sport’s biggest East Coast destination.

Esports tournaments are projected to earn over $1.4 billion by 2020. And 380 million people are expected to watch at least one esports event this year. That said, it’s little wonder why AC wants to get more involved.

Atlantic City Will Be an Attractive Place for Esports Betting

Aside from the popularity that esports tournaments are experiencing, the betting segment is also becoming bigger. Bookmakers are projected to earn over $23 billion through esports betting by 2020.

This coincides well with the fact that New Jersey is now cleared to legally offer sports betting. Hosting tournaments in AC and also allowing spectators to gamble on them would be an entertaining combination.

Of course, the first step is actually attracting major esports events, sponsors, and teams. Assuming Atlantic City can do this, then they have a stronger chance of boosting their esports bookmaking business.

Continent 8 technologies is still building the facility at the time of this news. Therefore, it’ll be awhile before we see how far Atlantic City can go in the esports department.

 

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