Gone are the days when esports are regarded as a ‘new thing’. As of today esports is been regarded as the fastest growing betting industry in the world. New tournaments, new channels, new teams and new leagues keep popping up with each passing day. The rapid growth of esports and esports betting has attracted several investors including big brands and media. More than 700 esports sponsorship deals were made between 2016 and 2017.
The brands that are dominating the sponsorship deals of esports currently include consumer electronics, gaming and technology, but more non-traditional esports brands are starting to get interested as well. Different car, insurance, finance, beverage and food brands have started investing big on esports. With these investments, many teams have started earning huge returns.
Opportunities in esports undoubtedly abound. All you need to have is a unique strategy on how to take your chances through esports betting or participating in esports tournaments or investing in esports as a big brand. Check out eBetFinder for more relevant information.
Why Is Esports Betting Getting Bigger
One thing that has worked in favor of esports is that people no longer see esports as pastime for geeks. Esports major tournaments are now been covered by TV networks around the world. Furthermore, esports have expanded beyond being a male dominated industry. Over half of its general audience is now estimated to be females.
Although, there were a few setbacks to the industry’s progress when some sites didn’t go by the right regulations, this has been overcome with the coming of bigger bookies into the esports industry. So many betting sites are now dedicated to esports, offering numerous market options and payment methods. A visit to any betting site today will see you faced with a lot of esports betting options like League of Legends, Starcraft, Dota 2, Counter-Strike: Global Offensive, Overwatch and many more.
Esports betting have also moved on from skin betting to real money betting with a lot of money circulating in the industry. As at 2017, the industry generated over $690 million in revenue, and this number is expected to reach about $1.7 billion in 2021 with over 45% of the revenue coming from sponsorships. These sponsorship deals cover all aspects of the industry including tournaments, teams and individuals.
Esports and esports betting is going nowhere but up with its viewership rising by the day. By the end of 2020, the viewership of esports is projected to rise to over 600 million, boosting esports betting in the process. Despite the fact that tournaments venues are usually sellouts, millions of spectators still watch the tournaments online.
Technological advancement and improvement is also a sign that esports and esports betting is not slowing down. The games have continued to improve. Newer versions of old games are being churned out and new games with awesome graphics and soundtracks are being released every year to wow the audience.
With lots of opportunities now on offer to esport bettors, esport sponsors and esport bookies, all you have to do is to take your chances.