eSports Betting Market Research: An In-Depth Analysis

Estimated read time 3 min read

⁢ The ever-growing market of eSports betting is gaining more and more attention from both sides​ of the Atlantic. ⁤Online‍ and mobile technology have made it more accessible and easier than ever‌ to bet on eSports events, so‍ demand is skyrocketing. In this article, we’ll cover market research into the big boom of eSports‌ betting and how ⁤forex‌ traders can benefit from it.

eSports ​Betting Market Research Review

The Scope of Esports Betting Market

The popularity of esports has grown in recent⁣ years, and with it, the corresponding betting market has ‌become increasingly attractive to players and investors alike. An ⁢Eilers & Krejcik report (2018) estimates the ​global esports betting market to ⁤be worth between US$2.3 billion and US$50 billion, a figure⁢ which⁢ Juniper Research (2018) projects‌ to reach US$50 billion in 2022. This number, when compared ⁢to the US$83.65 billion global sports ⁢betting market size accounted for in 2022 as reported by Dalipy, et al (2019), highlights the potential for further growth and investment.⁣

Analysis ⁣of Esports Betting

Considering the exponential growth of the esports betting market, the need for⁤ comprehensive reviews become paramount. To address this issue,⁣ Wüst, et al (2020) conducted a systematic review of the research into esport betting and skin gambling. The review included ⁤literature from‍ 44 sources, covering topics such as ‌product descriptions, advances in technological capabilities, gaming mechanics, legal aspects, and measures of fair play. The analysis revealed current gaps in knowledge and evidence-based information, identifying potential areas ​of future research.

Benefits of Esports⁣ Betting Statistics

The availability and accuracy of‍ live esports data and statistics are essential for appropriate Esports Betting market analysis. For instance, Bayes Esports provides up-to-date live data from esports events, giving eSports operators the ‍chance ‌to create competitive products. With official data, punters feel more confident in their betting decisions, adding ​an extra layer of trust and ‌security to esports betting markets.

The Outlook for the Esports Betting Market

The global eSports And Traditional Sports Betting Market has increased‌ rapidly over the years, with the latest report from Zion Market Research estimating a market size of US$682.63 million in ‌2022, a CAGR ⁢of 10.3% over the forecasted period. Traditional sports-betting operators are now licensing new esports betting products to capture new markets, taking advantage ‍of the rise ​in demand. This increased competition has resulted in a general ⁤push‍ for innovation, giving esports bettors a ⁢wealth of betting options, such‌ as full-time wagering, live betting markets, and specialised esports ‍features.

Though much research is still needed to ‌gain a better understanding of the esports ⁣betting⁣ market, the industry’s growth and development are undeniable. As the esports market continues to ⁤expand, esports ‍bettors can look forward to ever-improving products and services.

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