The global esports market isn’t something to scoff at. A NewZoo market report on eSport audiences and market revenue says the industry generated USD $325 million in 2015 and over $892.8 million in 2016. The most recent report on the eSports industry, published in December 2017 from marketing research firm Superdata, expects industry growth exceeding $1.6 billion this year and over $1.8 billion in 2019 in online slot singapore 2021.
Around the world, esports markets are worth $328 million in Asia, $275 million in North America and $269 million in Europe. Esports fans spent over $230 million on tickets, and other avenues such as merchandise and prize pool contributions. While growth projections are slowing compared to 2014 and 2015, most importantly viewership is increasing. Just two years ago the global esports audience was 226 million people. Last year, it was 292 million. In 2017, it’s projected to be 345 million people watching from around the world. 40% of all esports viewers don’t even play the games they watch!
The billion-dollar growth will ultimately help the sport overcome the current challenges it faces with traditional media outlets who still perceive professional video gaming in a certain lens, and it will aid the industry greatly in finding its true audience among enthusiastic stream watchers, professional gamers, casual gamers and regular sporting bettors.
The majority of esports industry’s current viewership base are male Millennials (around 85%) and almost half of them (46%) are aged 18 to 25 years old. There’s also a significant portion of viewers who are casual gamers who love to play and watch professionals play titles such as Hearthstone, League of Legends and Rocket League – three games which are arguably more accessible to the average gamer and viewer than the likes of Dota 2.
Commonly asked questions about esports
The team at eSportBet.com is often asked questions about esports betting, with these some of the common things that crop up about professional video gaming.
Who is the richest eSports player? It’s crazy to think, but esports players are among the richest athletes on the planet, earning millions of Euros each year. Kuro Takhasomi, who is a Dota 2 star with Team Liquid, has earned over $5 million USD in career prize money, with this figure not including the lucrative sponsorship dollars.
How do you watch esports online? Twitch is the biggest streamer of live esports events in the world, although other streaming services like Youtube have also staged exclusive esport events. The accessibility of esports live streams is probably the best out of any professional sports, with these usually free. Streamers are celebrities in their own right in the esports world, with it not uncommon for the best to have millions of followers.
Can you bet on esports with bitcoin? It’s surprising how often this question comes up, we guess it’s something to do with the age demographic of esports fans. The short answer, yes you can bet on esports with bitcoin.
When did esports or competitive video gaming begin? There are records of competitive video game competitions taking place in the `1970s at Stanford University. Since this time, and the advent of the internet, esports has evolved into something much bigger, worth billions of dollars globally. The full history of esports makes interesting reading.
Is esports available in Singapore? Esports betting is available in Singapore with this an exceptionally popular past time in this tiny country. Singapore is wealthy in comparison to other Asian countries, and although they don’t have regulated sports betting, many of the top SG esports betting sites accept players from here.
Is eSports betting legal in the USA? The USA is undergoing a sports betting transformation as we speak. So far the only US state that has accepted a legal esports bet is New Jersey. Still, thousands of Americans bet with illegal esports betting sites every day.
Can anyone bet on esports? Like all forms of gambling, the laws that you must abide by are the ones in the country you are in. For instance if you are in Australia or the United Kingdom, sports betting is perfectly legal, including betting on esports, as long as you are 18 years or older. Be sure to check the laws surrounding sports betting before signing up at any esports bookmakers.
Why aren’t games like Red Dead Redemption considered eSports? For a game to be considered an esports there needs to be a competitive scene. Red Dead Redemption 2 management has so far, has resisted the temptation to launch an esports league around their online offering, which is still going through a Beta phase. First Person Shooters and Survival games are more suitable to become esports games, even though games like RDR2 have elements of both. Who know what the future of esports holds.