Industry by Tom Wade February 13, 2020 501

Esports Betting Is Driving Growth in Global Sports Betting

Just a few years ago in 2012, only a sizeable number of people knew about esports. Fast forward to today, it has exploded and new games are produced every year. The revenue that is generated is equally big. It’s clear that the entertainment world is slowly shifting to this side.

For a long time, betting was only placed on field-based sports like football, cricket, horse racing, and baseball among others. But since esports was gaining a lot of popularity among the young generation, betting found a new spot and that was the birth of esports betting.

The digital revolution and the ease of governments’ regulation on gambling have made esports betting more popular. We now have online sites like casinomatcher that you can access from anywhere using your smartphones and review the best casinos.

Esports Stats Show Industry’s Growth in 2020

The industry has gained more viewers in 2019 than it had 5 years ago. Most of these viewers are either interested in watching their favorite players or games. This relates to the 347 million viewers expected to join the community by 2022 according to Statista.

It’s the same reason why competitive gaming is increasingly becoming more popular today. With the huge numbers of revenues gained from it, big brands have started eyeing this new goldmine.

This is good news for the esports betting fraternity as the companies are ready to part with millions of dollars to support the industry.  While their hidden agenda is to market their products, they help to propel and grow the industry further with their sponsorships. A report done by technavio predicts that the betting size market will grow by $125.18 billion dollars by 2023.

It’s surprising that most of these big brands target only the male gender since they are the ones associated with the sport. Nielson esports showed that 71% of the audience is made of males with an average age of 27 years.

Assuming that the whole industry is meant for the male species would be discriminative. There are many notable differences across genres and markets that the game-makers try to catch up with so that they cover every gender.

Where it All Began

The history of esports betting dates back to 2013 when players began to gamble on a game called Counter-Strike through skin gambling. The PC update of the game brought it to a new level which signified the genesis of esports betting.

At this time, many people still doubted this new kind of betting since they were highly unregulated. The operators were also prone to rigging. Besides, the biggest percentage of the audience was 18 years or lower hence could not legally wager. It’s for these reasons that many countries did not welcome this new form of betting. For instance, the USA illegalized esports betting for over 5 years until in 2018 when the government began to give a few states the go-ahead.

Today, some of the companies based in the USA allow international players to bet on a few international sports. Nevada is one of the first states to allow customers to bet on competitive sports.

 

  • Esports Bonuses

    122% Up To €/$122/£50

    New customers only. T&Cs apply, 18+, begambleaware.org

    €/£5 No Deposit Bonus

    New customers only. T&Cs apply, 18+, begambleaware.org

    100% Up To $50

    New customers only. T&Cs apply, 18+, begambleaware.org

  • Latest Posts

    February 13, 2020 501

    Esports Betting Is Driving Growth in Global Sports Betting

    February 13, 2020 417

    Will Justin Bieber be the next investor in 100Thieves?

    February 04, 2020 355

    Mousesports and Na’Vi top ICE Challenge group stages

  • Latest Tips

    November 10, 2019 2.57K

    Worlds 2019 Finals: G2 v FunPlus Phoenix

    November 02, 2019 1.51K

    Worlds 2019: Semi-Finals Irregular and Opportunity Bets

    November 02, 2019 1.22K

    Worlds 2019: Semifinals – Invictus Gaming Vs. FunPlus Phoenix

  • Hottest Posts

    July 30, 2018 12.50K

    Where To Watch Esports Online

    December 11, 2019 11.05K

    Betting on the Tyler1 Championship Series 2019

    April 15, 2019 9.49K

    OpTic hypoc announces retirement from professional PUBG

    September 18, 2018 7.59K

    Device speaks up about the current state of CSGO

Join Our Discord for an Exclusive $/€100 Bonus at GG.BET

Offer Available Exclusively At SickOdds.com

Join Discord Server Only available to players who are over the age of 18. Bonus T's & C's apply - see Discord for details.