Esports alone could be worth $ 1.6 billion by 2023.
3 min read
The video game market has become more relevant than ever in the pandemic and it’s an industry that continues to generate millions of dollars. On a competitive level, the famous one electronic sports or eSports are now events where thousands gather through streaming in stadiums and around the world.
According to data from Global Esports Market Report 2020 from research company Newzoo, revenue from the eSports in 2020 it was $ 1.1 billion, up 15.7% from 2019, a period that generated $ 950 million. By 2023, they are expected to reach nearly 1.6 billion.
The expansion of business also had an impact on the sports betting market. in the Global eSports and Sports Games Market, Key Trends and Opportunities Till 2026 QYResearch reported that esports gambling was valued at $ 142 million, but it will grow 6.2% annually in 2021 to 203 million in 2026.
The consultancy notes that esports betting business was focused on Europe (47.72%) in 2019, followed by China (21.23%), which was bolstered by its internal mobile games market. The company also recommended paying attention when it releases more open regulatory policies in the US and the region Latin America, especially Mexico and Brazil.
“In 2018, more than 200 million people saw the final of the League of Legends World Championship. In the same year the reach of one of the most watched sporting events in the world, the Super Bowl, was 103 million. The above is an indicator of the reach of eSports and the strength they have in attracting different target groups, especially potential bettors, ”emphasized Eduardo Peláez, specialist in statistics and sports betting at Strendus, the online entertainment platform.
The five must-have esports events of 2021:
- ESL Pro Tour 2020/21 StarCraft II: It includes various circuits around the world.
- League of Legends World Cup 2021: It will be held in Wuhan, China.
- FIFA eWorld Cup ™ 2021: He has just added more than 480 teams around the world.
- DOTA 2 from The International 2021: With a prize pool of up to $ 40 million.
- EVO Champions 2021: The largest fighting game community returning this year after a scandal in 2020.