Esports is a form of competitive video gaming where professional players compete against each other in organized tournaments. It has grown significantly in popularity in recent years, with the industry being valued at $1.1 billion worldwide in 2021 and estimated to generate nearly $1.8 billion in economic activity in the coming years. Pennsylvania state representative Ed Neilson is currently pushing to legalize esports betting in the state, with his proposed bill (HB733) allowing Pennsylvanians to bet on esports events. The proposed tax rate for esports sits at 36%, and bettors must be 21 to wager on an event, while participants in esports must be at least 18 years old. Esports already has a large presence in Pennsylvania, with organizations like Nerd Street Gamers providing venues […]

The DC Lottery’s sports betting platform, GamBetDC, saw an increase in sports betting handle from $5.7 million in February to $6.5 million in March, resulting in over $860,000 in gaming revenue for the month. This is also an improvement from the $6.2 million generated in March 2022. The Men’s and Women’s NCAA Tournaments played a significant role in this increase. Year-to-date, GamBetDC has generated over $41 million in handle off of 1,310,382 bets, resulting in roughly $4.8 million in revenue. However, compared to FY 2022, GamBetDC has taken one step forward and two steps back, with a decrease in amount played and amount won.