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.