The esports-betting-market-in-forex-trading/” title=”Casino Industry Trends: Understanding Forex Trading”>2021/” title=”Predictions for the eSports Betting Market in 2021″>esports betting market has grown substantially in recent years, and it looks set to expand even more in 2021. With the rise of esports and the appeal of new avenues for engaging with competitive video gaming, the global esports betting market share has seen steady growth over the last few years and is expected to continue that trend in the coming year. In this article, we will be taking an in-depth look at the current state of the esports betting market share in 2021, focusing on forex and what the future may hold.
Esports betting is becoming an increasingly popular activity, with estimates showing the global market for esports betting quadrupling in size over the past decade. In 2021, the market size of esports betting is forecast to account for a total of USD 83.65 billion worldwide. This growth can be attributed to the increasing popularity of esports, as well as the introduction of new services and platforms that enable players to bet on the outcomes of popular esports tournaments and competitions. This article will provide a detailed overview of the esports betting market share in 2021, and analyse the key trends and factors contributing to its growth.
Growth of the Esports Betting Market
The growth of the esports betting market in 2021 is mainly being driven by a combination of increasing engagement in esports and the emergence of new platforms for betting. With the increasing ubiquity of broadband and mobile broadband penetration, more people than ever before are playing esports games, such as CS:GO, League of Legends, Dota 2, and Overwatch. This has resulted in the emergence and growth of several esports tournaments and major competitions, which in turn have resulted in an increase in wagering activity.
The esports betting market share is further boosted by the introduction of new betting services. The emergence of digital payments providers such as PayPal and Paytm has made it easier than ever for people to make deposits and withdraw their winnings. Additionally, several new esports betting platforms have been launched that provide players with the ability to bet on the outcomes of various esports matches.
Key Trends in Esports Betting
The growth of esports betting has led to the emergence of several key trends in 2021. One key trend is the emergence of customer analytics and big data. By collecting data from customers, esports betting platforms can gain insights into the players’ preferences and tailor their services accordingly. This has enabled esports betting platforms to provide more accurate predictions, with some platforms now providing players with the ability to create their own teams and compete in tournaments.
Another key trend is the emergence of blockchain-based esports betting platforms. By leveraging the power of blockchain technology, these platforms can provide players with secure and verifiable bets, as well as instant payouts. This has opened up a whole new world of opportunities in esports betting, as players can now bet on games with much greater confidence and accuracy.
Finally, the rise of mobile esports betting has provided players with the ability to bet anywhere, anytime. With the proliferation of smartphones, players can now bet on games or tournaments from the comfort of their own homes. Additionally, mobile esports betting platforms provide players with a more immersive and interactive betting experience, allowing them to engage with the game in real-time.
The esports betting market share is expected to continue to grow in 2021, fuelled by increasing engagement in esports, the emergence of new services and platforms, as well as the introduction of customer analytics and blockchain-based platforms. Additionally, the growth of mobile esports betting is also likely to drive growth in the esports betting market in 2021. These trends are expected to further propel the growth of the esports betting market in 2021 and beyond.