Esports betting has only become prevalent in recent years but it’s already a popular market with millions of people worldwide wagering their money on virtual gaming.
Esports, simplified as competitive gaming, are streamed live to huge audiences around the globe on platforms like YouTube and Twitch – and it has become a billion-dollar industry in a short span of time.
There are two main types of esports. The first is the simulation of real-life sports such as football and basketball, which use the EA Sports FC and NBA 2K titles.
The second is classic esports, with the likes of League of Legends, DOTA 2, CS:GO, Overwatch and Call Of Duty taking centre stage.
Modern partnerships between gambling platforms and esports teams are allowing for further growth in the industry, such as the CS:GO esports series BLAST Premier partnering with bookmaker Betway.
Esports Betting Revenue Projected To Continue Upwards Trajectory With A 57% Increase By 2028 (+$1.2B)
Projected esports betting revenue until 2028:
The Esports betting revenue is expected to rise by 57% by 2028.
Looking at the data, it suggests that this surge will amount to an extra $1.2 billion in revenue in the next 5 years.
An Extra 24.4 Million Users Are Expected To Indulge In The Esports Betting Market By 2028
Reach in the esports betting market until 2028:
Esports betting is becoming more integrated within mainstream gambling platforms and more markets than ever before are on offer for users – beyond traditional match winner bets.
The rise of live betting and streaming has enhanced the experience, allowing users to engage in real-time with in-play bets.
Partnerships between esports betting operators and the teams themselves are a huge reason for the rise in popularity, alongside the continuous professionalization of esports with structured leagues and tournaments.
Esports is becoming a legitimate form of entertainment and the market is on its way to becoming something many people will enjoy in their day-to-day lives.