Nevada Approves Esports Betting for League of Legends and Overwatch
Now, this is pretty major news! The Nevada Gaming Control Board has officially allowed for betting on League of Legends (LEC and LCS) and Overwatch League. The events have been approved for head-to-head, match winner, and overall winner wagers.
Million Dollar Moves
This goes into effect immediately. Official rulesets must be defined on the event organizer or sanctioning body’s website before the acceptance of wagers. However, the odds will be at the sportsbook’s discretion. Those accepting bets have to provide the Enforcement Division with notification of terms as well.
Bets can only be accepted before the start of each match, so no waiting to see how the teamfight phase goes in your favorite teams LCS match. The event results will be established on a permissible source and in accordance to regulatory requirements. In theory, sportsbooks could offer markets away from those three, but they must be approved.
This is major because it’s not the first set of esports to be wagered on. They join an esteemed company with CS:GO, iRacing, and Dota 2, which we reported recently. I’m just surprised this took so long to happen! It’s unknown if any of the state’s licensees have delivered the Enforcement Division intent to accept wagers on these games, but it’s allowed and that’s the important thing.
With the original announcement, William Hill, a Nevada sportsbook was already prepared, but not in this case. We can only imagine the Nevada sportsbook will once again join in on the esports betting with League of Legends and Overwatch. But to be honest, we’re not shocked these things are suddenly popping up so easily.
In the past, we thought esports betting might be impossible because it seemed so difficult to make happen. Now that traditional sports have ground to a halt, betting houses need to make money. Thankfully, esports is still going on! Things are moving incredibly fast for esports betting all of a sudden for League of Legends. We can’t wait to see how it’s all going to turn out. The potential to make money on the success of the teams you support is a nice bonus on top of the already amazing matches.
Interestingly, the Korean and Chinese markets don’t seem to be available to be bet on, but the European LEC is. I can’t help but wonder why that might be, but for my money, the most intense League of Legends action can be found in the LCK. No matter what is permitted, this is still a major step forward for betting on esports. We already had the traditional Dota 2 and CS:GO allowed, so I figured it was only a matter of time before League of Legends or Overwatch would join up.
Will fighting games be allowed at any point? Or are there simply too many variables to account for in the one-on-one fighting scene? Only time will tell. For now, the Nevada betting houses have more options to offer up to their clientele in the form of esports! Though the government is trying to get traditional sports back on track, that hasn’t happened quite yet. So, the time has never been better to push for esports betting if that’s something you’re into!
It’s a moment whose time has certainly come. Hopefully, it will wind up being lucrative without causing people to start throwing matches to make themselves/other people money. That’s the scary thing about this kind of betting. It would irreparably harm the integrity of the esports we’ve come to know and love.