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According to a report from The Record newspaper, the legislation was introduced by Ronald Dancer, a Republican member of the New Jersey General Assembly, after last month saw the United States Supreme Court invalidate the previous Professional and Amateur Sports Protection Act (PASPA) federal prohibition. “The rise of these products is striking.“It’s rewarding to team up with Betradar, whose brand shares our own values around innovation and integrity,” read a Tuesday statement from Jonas Alm, Chief Executive Officer for QTech Games....

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5% of their proceeds to the state while an additional 1.25% levy is to be earmarked for use by host municipalities and counties or the Meet AC marketing campaign. The appetite for eSports in particular shows no sign of abating as a broad range of digital media companies look to secure fast [and] accurate data that will allow them to offer in-depth coverage on a daily basis....

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For his part, Michael Maerz, Asia Managing Director for Betradar, proclaimed that the platform from QTech Games is ‘naturally the perfect vehicle’ to help his firm to expand its eSports presence across Asia and especially via the mobile vertical. It detailed that this advance allows players to create their own invitation-only virtual clubs and comes complete with a range of game variants as well as certified game logic, precise rake calculators and lifetime updates that are all backed up ‘by the most dependable games management system on the market’.The newspaper reported that the legislation is now awaiting the signature of Democratic Governor, Phil Murphy, and would permit sports aficionados over the age of 21 to place wagers at any of the state’s racetracks and casinos including the Monmouth Park Racetrack, which is eager to begin offering the new service as soon as possible....

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Especially with a mind to improving player loyalty and engagement, which is a major concern for traditional sportsbooks and casinos.25% levy is to be earmarked for use by host municipalities and counties or the Meet AC marketing campaign.“I’m ready to go but I still want to get the Governor’s okay [as] he’s the head guy in this state,” Dennis Drazin, Chief Executive Officer for Monmouth Park Racetrack operator Darby Development, reportedly told The Record....

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The newspaper detailed that the legislation would also require land-based sportsbetting operators to hand over 8.The newspaper reported that the legislation is now awaiting the signature of Democratic Governor, Phil Murphy, and would permit sports aficionados over the age of 21 to place wagers at any of the state’s racetracks and casinos including the Monmouth Park Racetrack, which is eager to begin offering the new service as soon as possible.However, the newspaper reported that the new legislation would forbid punters from wagering on high school sporting contents or on any collegiate event taking place in New Jersey while furthermore prohibiting the Golden Nugget Atlantic City from offering bets on games from the National Basketball Association (NBA)....