Wainer: Regulating Esports Betting is Logical Next Step

The rise of electronic sports—esports—has given rise to a lucrative gambling market. By one projection, the global esports betting market size is expected to increase by $3.52 billion by 2027, according to Shook Associate Natanel Wainer.

In an article for the Florida Entertainment & Sports Law Review’s December 2023 issue titled “A Call of Duty for the Legalization and Regulation of Esports Betting,” Wainer examines esports cash betting and its position within the current gambling framework in the United States, as well as changes in federal law governing sports gambling and how states are responding to those changes.

Wainer said that esports betting is consistent with current changes in federal gambling law, and argued that regulating it is the next logical step.

“Esports betting is already happening on the black market, and there are no signs of it stopping,” he said. “By taking the time to regulate and monitor esports betting, states can ensure a safer betting environment and possibly profit from increased tax revenue.”

Read the article in the Florida Entertainment & Sports Law Review (on page 39) >>