This past weekend saw a monumental moment for sports betting in New Jersey when the Division of Gaming Enforcement (DGE) allowed licensed gambling operators to accept bets on the League of Legends World Championship finals.
A study conducted by the University of British Columbia’s Centre for Gambling Research has found that a high proportion of gamers, especially students, equate loot boxes with gambling.
According to Sandra Douglass Morgan, Chairwoman of the Nevada Gaming Control Board, bookmakers won’t embrace esports betting until the industry is better developed.
Ireland’s Minister of State for Justice, David Stanton, has confirmed that loot boxes are not a form of gambling in the nation. He noted that his declaration has no “legal effect”, but is based on solid law.