Experts believe that esports will become the main betting event amongst sports bettors in the next 5 years.
With traditional sports going on hiatus after Coronavirus Cov19 pandemic, esports got the opportunity to be HUGE!
Research found that the total amount bet on esports competitions is expected to hit $24.9 billion this year. That figure could actually soar higher due to the fact that traditional sports were not being played due to coronavirus.
The good news is esports has the ability to be played solely online and games do not have to be played in an arena in front of crowds. Gamers do not even have to playin the same room with other players and all the games are streamed online.
The question is will traditional sports fans actually tune into, follow, and bet on esports? Will you join the profit train or remain on the sidelines and miss all the action?
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Esport is the third biggest sport in the world
If you are living under the rock, you probably did not realize that esport is no longer some nerd kids playing dota in their grandmothers basement... These are professionally recognized athlets making all-star level money playing the competitive games professionally.
The three biggest international sporting events are the Olympics, Football World Cup, and... ESPORTS... This may well change after Covid19 pandemic that puts Esports even in more spotlight and Euro Football and Olympics delayed by a year.
Esport has more audience than super bowl
It’s estimated that last year we saw the total audience of esports rise to 454m. In the same year, F1 (which has been going since 1950 and is amongst the biggest mainstream sportsin the world) had a total global audience figure of 490m.
And to add a bit more context, the Super Bowl is estimated to have a total viewership of around 160m, with the US Open (held in the same venue as the Fortnite World Cup) coming inat 3m or so for the singles’ finals.
Serious money is coming into esports betting
The rise of esports looks set to continue, with this year forecast to be its biggest and best year to date mainly because most other traditional sports were cancelled or delayed by the COVID19 pandemic. Viewers, fans, and revenue are all on the increase and there are predictions that soon the global audience for esports could exceed 550m.
There are plenty of reasons for this, not least the increasing number of streaming platforms (Youtube, Twitch, Mixer) and the very tasty prize money available. Why so much money? Well, sponsors find huge spectator engagement with adverts, which makes it highly lucrative. More sponsors means more money. And more money means more competition, which means better quality entertainment. All of which makes the future for esports look very bright indeed.
The bookmakers are finally starting to catch up and follow the money with more and more online bookmakers offering major esports betting markets.
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