The global eSports betting market size is projected to grow at a compound annual growth rate (CAGR) of 16% from 2020 to 2026. This rapid growth in the eSports betting industry has been driven by the increasing popularity of online gaming and the growing trend of live streaming eSports tournaments. Due to this, the industry has seen the emergence of new platforms and various betting options. Additionally, eSports betting is gaining recognition as an attractive avenue for prospective bettors, as it offers cash prizes and various other incentives that can be won in competitions. The expansion of new technologies, such as Virtual Reality (VR) and Augmented Reality (AR), is expected to further drive the growth of the market in the coming years. With this, more contestants and bettors will enter the industry, consequently increasing the market size.
The eSports betting market is one of the fastest-growing sports betting markets in the world. Predictions of the potential size of this market in the near future have been encouraged by the increasing popularity of gaming, and even more so by the use of digital currencies such as Bitcoin. This new style of betting has allowed more people to take part in esports betting due to its enhanced accessibility. As a result, more people are turning to eSports betting for both in-play and pre-match bets. The range of eSports betting sites also continues to expand as more and more sportsbooks add eSports to their product range. In combination with the developing technology of esports stadiums and the increasing number of experienced bettors in this market, the eSports betting market is poised to surge even further in coming years.