As the world of eSports continues to grow exponentially, the betting market tied to it is swiftly following suit. With viewership levels rivaling that of traditional sports games, the eSports betting market is estimated to be worth billions of dollars and be a major driver of growth for both online and physical gambling operations. In this article, we will explore the current state of the eSports betting market and make predictions about its future for the forex trading industry. Keywords seo: esports betting market predictions review
What is Esports Betting?
Esports Betting is the act of wagering real money on the outcome of an eSports competition or tournament. eSports have become increasingly popular over recent years, and with that rise in popularity come the emergence of different forms of eSports betting. From traditional sportsbooks to specialized eSports betting websites, novices and experts alike can now easily access and place bets on their favorite eSports games and teams. However, as eSports betting is still relatively new, there are a few key considerations to take into account before placing any bets.
Impact of Esports Betting
Esports Betting has been a powerful force in the world of eSports, providing a reliable source of revenue for teams, organizers, and the industry as a whole. Gamer-oriented bookmakers have taken quite the risk in catering to the Esports gaming community by offering betting options for matches and tournaments, and the rewards have been fruitful. The growth in Esports Betting has led to an increase in both prize pools and in-game content for gamers, turning some of the events into mainstream spectacles.
Esports Betting Market Predictions Review
The Esports Betting market is projected to increase exponentially in the coming years according to financial experts. Recent forecasts indicate that in 2021, Esports Betting will generate a whopping $840.67 million in global revenue, and this figure is expected to expand even further by 2025 at a CAGR of 25.54%. In addition, 18-25-year olds currently account for a large percentage of the global Esports Betting market and this segment of the market is projected to reach a value of USD $$ million by 2028, growing at a % CAGR in the next five years.
The latest research on the global Esports betting market also indicates that segmentation, based on services, the market is bifurcated into Esports tournaments, wagering, and media rights. According to the data, the wagering segment is currently dominating the market and is expected to reach USD 9749 million in 2021. By 2031, the global Esports betting market is projected to reach a total value of USD 35556.36 million, exhibiting a CAGR of 13.7%. Finally, the Esports Betting market is also likely to be driven by data from official sources such as Elevate esports and Bayes Esports.
The growing Esports betting market is predicted to bring in more revenue for investors, tournament organizers, and teams. Not only will the market lead to increased liquidity and investment opportunities in the industry but it is also expected to bring about new changes in the sport landscape. With Esports betting becoming a more established form of gambling, the industry is likely to attract more corporate sponsors and continue to grow in the long-term.