The League of Legend of European Championship Championship (LEC), Legends Championship Series League (LCS), and Overwatch League have been approved for use by the Nevada Gaming Control Board.
On Thursday evening the Nevada regulators announced the licenced sportsbooks of the State will post and approve the LEC, LCS and Overwatch League bets in a variety of approvals. For the following three sets of wager: head to head, match winner and overall winner, the triad of esports leagues has been accepted.
Esports betting has been a huge part of the esports industry in the last couple years with the esports betting sites like Unikrn and Bet365 esports and this news comes very welcomely to the esportsbooks.
Nevada licensees must obtain bids with immediate effect, in the event that the regulator will not conform to the requirements outlined. Prior to approval of the funds, official guidelines should be set on the website of the event organiser or sanctioning body. The book shall decide the odds, and any who wish to take bets must first provide notice of terms to the Enforcement Division.
The exemptions from the Control Board would forbid all staking options in the trinity of events, suggesting “must stop” bets prior to each game start. The outcomes of the case shall be calculated in compliance with the appropriate source and the regulatory requirements. Nevada licensees who wish to sell markets that are different from the three permitted forms of wager shall propose and be licenced separately.
The betting allowance trio will mark the seven games that were endorsed in just last month by CSGO, iRacing, Dota 2, Overwatch and League of Legends regulators. It is unclear at the time of writing whether a licensee of the state has submitted a wagering agreement in the implementation division; formerly Nevada licenced sportsbook William Hill arrived early in the party with these omissions.