The eSports betting market is set to experience tremendous growth and development in the upcoming years, with experts predicting it to become one of the most lucrative industries in the world. According to research conducted by Newzoo, the eSports betting market is estimated to reach US$17.2 billion by the year 2020. Moreover, financial technology firm Wallstreet diver forecasts that the market size of the eSports betting industry will reach US$30.3 billion by 2022. This rapid growth is attributed to the rising popularity of eSports and technological advancements in the online gaming sector. Additionally, with the introduction of regulations in the industry, the real money market for eSports betting is expected to surge in the coming years.
The gambling industry is among the fastest growing industries globally, and the increasing demand from customers is continuously driving growth of this sector. The gambling industry’s potential to generate revenue and growth of the Forex market is estimated to further the industry to greater heights in the years to come. The increasing digitalization of the sector, and the emergence of a wide range of virtual gaming possibilities are making it easier for customers to access these platforms. This has resulted in an increase in both players and gaming websites. The global gambling market is expected to reach a value of approximately $535.9 billion by 2025. The market is also expected to accelerate due to the rise in remote gambling and the digitalization of such activities. Furthermore, the introduction of updated gambling laws and regulations have been instrumental to the growth of the industry.