Site Allows Players to Wager on Video Games: Legal in 39 States

August 3, 2009 -

Should video gamers be allowed to bet real money on their gaming skills (or lack thereof)?

BringIt.com thinks so and hopes to capitalize on the concept. As reported by the Associated Press, the site, which is apparently legal in 39 states, will end its beta phase any day now.

BringIt says that the service it provides is not a form of gambling because its outcomes are based on skill, not chance. From the AP report:

It's free to sign up, provided you are at least 18. The site makes money by taking a 10 percent cut from people's wagers and a $4 fee from winners when they withdraw their loot.

Founder and CEO Woody Levin, 30, said most of the players on BringIt play for small amounts of money, $5 or $10...

 

BringIt supports the PlayStation 2, the PS3, the Xbox 360 and the Wii. Players challenge each other on the site, but play on their consoles. BringIt holds players' entry fees until the game is finished. After the game is done, it verifies the results and credits the winner, minus the service fee.

Arizona is one of 11 states in which BringIt is illegal, but the Phoenix New Times suggests - with tongue in cheek - that it could be a potential source of tax revenue:

Who knows? Maybe Levin and BringIt will someday steer as much money toward Arizona politicians as the racing industry does, and then Arizona video nuts can clean out each other's bank accounts -- with the state taking its cut, natch.

ESPN The Magazine has an in-depth interview with BringIt's Levin, who mentions that bets can be as high as $100,000.


Comments

Re: Site Allows Players to Wager on Video Games: Legal in ...

It's free to sign up, provided you are at least 18. The site makes money by taking a 10 percent cut from people's wagers and a $4 fee from winners when they withdraw their loot.

Founder and CEO Woody Levin, 30, said most of the players on BringIt play for small amounts of money, $5 or $10...

So, if I play against someone and we wager 5$ each - as according to this guy apparently a large part of their users do - for 10$ in total, then this company takes a 10 percent cut (1$) off of that, and another 4$ from the winner. So I bet 5$, and if I win, I get it back.

What's the point?

Re: Site Allows Players to Wager on Video Games: Legal in ...

Skill, not chance?  So when you gamble on sports, that's not really gambling?  Where is the line drawn?

"De minimus non curat lex"

"De minimus non curat lex"

Re: Site Allows Players to Wager on Video Games: Legal in ...

Man there no love for Florida with BringIt.

http://www.magicinkgaming.com/

 
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Goth_Skunkand repeats the cycle, over and over. Presently, the far left culture is overreaching, and is about to lose their stranglehold on power.07/06/2015 - 10:01pm
Goth_SkunkAs far back as the 60's, according to the writers. The culture war moves in cycles from one generation to the next. The left rebels against the right, takes over, overreaches to the point where the right rebels right back, takes over, overreaches ->07/06/2015 - 9:58pm
MattsworknameGoth, what "Comming overreach" , the media and goverment have been overreaching for years07/06/2015 - 9:34pm
MattsworknameJim sterling is awesome ,dont always agree with him, but when it came to those guys, he was dead on. Thank god for jim.07/06/2015 - 9:33pm
Goth_Skunk"Welcome to Culture War 4.0: The Coming Overreach" an excellent opinion piece by The Federalist. http://ow.ly/Pggw507/06/2015 - 9:32pm
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Andrew EisenNo argument there.07/06/2015 - 7:46pm
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