Esports Entertainment Group Becomes 1st Esports Betting Operator in New Jersey, Other Jurisdictions Coming Soon

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 4Q2
• Gross profit of $10M, up $10.2M YOY / + 92% sequential VS $5.2 million in 4Q2
• Gross margin of 61%, VS 59% in 4Q21

The company announced today that it has received an Order approving a Transactional Waiver from the Director of the New Jersey Division of Gaming Enforcement which permits the company to begin accepting bets in the state.

• The Company becomes the first esports betting operator in the state of New Jerse
• Global esports betting is estimated to exceed $205 Billion by 2027

Grant Johnson, CEO of Esports Entertainment Group comments,

"We couldn't be more pleased to be the first esports-dedicated operator to be granted the right to commence business in New Jersey. On behalf of our entire team, I would like to thank the Division of Gaming Enforcement for their approval of our platform and the trust they have placed in our Company," said Grant Johnson, CEO of Esports Entertainment Group. "Global esports betting is estimated to exceed $205 billion by 2027, and we are thrilled to be playing such an important role in this fast-growing market with the launch of our first esports wagering offering in the United States."

Sit back, relax and watch this powerful interview.