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VIDEO - Esports Entertainment Group Completes 'Soft Play' Phase Ahead of Full Launch of Betting Operations in New Jersey
Esports Entertainment Group and its affiliates are well-poised to help fans stay connected and involved with their favorite esports. From traditional sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide range of esports, iGaming and casinos, and boots-on-the-ground LAN cafes, EEG has influence over the full-spectrum of esports and gaming at all levels.
Q1 2022 Financial Results
Net revenue of $16.4M, up $16.2M + 8,100% YOY / + 86% sequential VS $8.8 million in 4Q21
Gross profit of $10M, up $10.2M YOY / + 92% sequential VS $5.2 million in 4Q21
The Company becomes the first esports betting operator in the state of New Jersey
Global esports betting is estimated to exceed $205 Billion by 2027
The first licensed esports-focused betting site in North America
Grant Johnson, CEO of Esports Entertainment Group comments,
“We are pleased with the completion of the soft play period, which is a testament to all the hard work by our team over the past year. As the first licensed esports-focused betting site in North America, we're thrilled to fully launch the VIE.gg platform in New Jersey, one of the largest and most promising jurisdictions for sports wagering in the country."
Sit back, relax and watch this powerful interview.