The global eSports betting market is growing rapidly in size and scope. With this growth comes an increasing number of eSports betting enthusiasts and an expanding market share for the gambling-industry-insights-for-forex-trading/” title=”Gambling Industry Insights for Forex Trading”>forex sector. This article will explore how forex marketers can take advantage of the rapidly growing eSports betting market, and how to cultivate a strong presence and share in the global eSports betting ecosystem.
Overview of eSports Betting Market
The eSports betting market is a fast-growing sector that has seen tremendous growth in recent years. It consists of betting on the outcome of competitive video game tournaments and is a form of gambling that appeal to a younger audience. The global eSports betting market size was USD 9749 million in 2021 and is expected to reach USD 35556.36 million in 2031, exhibiting a CAGR of 13.7% during the forecast period. Statistics show that in 2019, the market size of eSports betting amounted to USD 671.7 million, a figure that is projected to reach USD 83.65 billion by 2022.
A key factor driving growth in the eSports betting market is the rapid rise in the popularity of eSports. This has led to increased engagement in competitive gaming, which in turn has led to the emergence of online sportsbooks that offer betting on various eSports tournaments. Additionally, increasing numbers of online sportsbooks accepting bets on irregular intervals such as the International Dota 2 Championship series tournaments and other eSports tournaments are also contributing to the growth of the market. Furthermore, offers of lucrative promotions such as free bets and deposit bonuses from online sportsbooks have also helped to increase the popularity of eSports betting.
Advantages of eSports Betting
There are numerous advantages to betting on eSports tournaments that have helped to drive growth in the market. Firstly, betting on tournaments provides a relatively low-risk opportunity to make money when compared to other forms of gambling. As eSports tournaments are conducted on a shorter timeframe, bettors can make a quick return on their investments while still enjoying the entertainment of watching professional players compete against one another. Additionally, the global nature of eSports tournaments also offers bettors the opportunity to bet on different tournaments hosted in different countries, allowing them to diversify their portfolios. Finally, eSports betting also allows bettors to customise their bets according to their specific wishes, and some sportsbooks even offer bets on more specific aspects of a match.