Skin Betting Market Analysis
In recent times the legal and moral actions against skin betting industry have paved way for the future of skin betting. These actions have forced/convinced the major stakeholders in the industry to take effective measures and actions to make the industry safer and better. Back in 2016, Valve indicated its intent to crack down on the use of its platform to facilitate skin gambling. This major step from Valve was followed by major steps from online skin betting websites which impacted the skin betting system.
ESPORTS Projection 2016-2017
The market for online skin betting is distributed across a wide array of products, all having their own set of patronizers. Sportsbook-style betting is most prominent in the industry. Jackpot games taking up the second slot, this type of betting include lottery tickets where the lucky winner gets the most. The other types of games such as coinflip games and blackjack games make up much of the remaining turnover.
One of the most prominent gambling product that is slot machines failed to make it big in skin betting industry. They attract little to no interest from eSports fans. The eSports betting industry is very diversified which always leaves room for another online betting website to come in and acquire it. This makes it a very large industry when compared to cash gambling, and to put it straight, it is 6 times larger than cash gambling.
When we look at the number of websites actively providing online skin gambling services, the number of websites in a very short span of time outgrew 100. Most of these websites were based on jackpot product theme. But most of the online gamblers were catered by top 15 sites that controlled the major share in the market.
The Skin Gambling industry is mostly unregulated and the ownership of these sites are hidden behind closed walls. This unregulated industry asks for no verification while registering on their website, opening the doors for underage players to be a part of this system. This created a widespread notion of these websites being fraud and accused of facilitating illegal activities.
You can play legal online casino games in US by accessing one of the many online casino websites. But these websites operate under area restrictions, allowing people only from a specific area(s) to play on their platform. Players in the area of New Jersey are only ones allowed to take part in online gambling activities, allowing people in New Jersey to gamble on these online betting websites. These websites offer a wide array of gambling games under their banner, games such as slots, video poker, poker, roulette, bingo and other games for cash.
In New Jersey you must be 21 to play at online casinos however for Skins Gambling, there don’t see to be true age restrictions. Some of the most popular online casinos in New Jersey are.....