New Jersey is investing $200,000 in a center to help Atlantic City and the state become a national hub for the billion-dollar competitive video game industry.

The New Jersey Economic Development Authority and Stockton University signed an agreement to establish an esports Innovation Center at the university’s Atlantic City campus.

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The agreement, signed on Tuesday, is the latest manifestation of New Jersey’s interest in being not only a player but a leader in the fast-growing esports industry.

Newzoo, a research firm that tracks the industry, projects it will generate $1.08 billion globally this year, an increase of 14.5% over last year.