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The semifinal match between SK Telecom T1 and G2 Esports set the record for the most watched event in esports history, with a peak audience of 3. The second edition of the Fortnite World Cup offered the largest individual prize in esports history.

While its prize pool pales in comparison to the more established games, the Free Fire World Series set the record for the most average viewers with 1. Founded in following the franchise formula used in sports, the Overwatch League is currently in its third season. Another argument used against esports is the fact that players can compete using a computer or a console, which can be done remotely.

That being said, the debate currently leans towards esports getting recognized as a sport. The Chinese government was the first to acknowledge it back in , and other countries have since followed suit. In , the Asian Games held an exhibition League of Legends tournament, later announcing that esports are going to be among the medal-awarding events in The year before, the International Olympic Committee also recognized that competitive esports could be classified as a sporting activity.

The vast majority of teams and professional players have also realized that physical and mental conditioning can significantly impact in-game performance. Discussions are still ongoing regarding the addition of esports to future editions of the Olympic Games. Mobile games are more popular than ever, and that has naturally created a market for esports as well. With the biggest possible market in China, this could turn into a big year for mobile esports. Esports giant Riot Games is also set to enter the mobile market, having recently released a new version for its popular autobattler, Team Fight Tactics TFT.

League of Legends: Wild Rift is also scheduled for a release. Dota 2 dominated the earnings table in , thanks in large part to the sizable prize pool from The International. Unsurprisingly, Dota 2 players make up the top 11 spots of the top earners list. Esports teams make money primarily through sponsorship deals and advertising. Teams also make money from revenue sharing under the franchise system, not to mention the prize money from tournaments.

Merchandising is also a very important part of the revenue, with the sales of official team apparel. It would be an understatement to say that esports are quite profitable. Research firm Newzoo project that total esports viewership will reach million by the end of Such rapid growth makes esports an attractive opportunity for investors and there are plenty of options to get your foot in the door. The most obvious entry into the esports market is through video game publishers.

They are also investing heavily in esports themselves, launching competitive leagues for its franchises and striking a deal with Disney to broadcast Overwatch League games on ESPN and Disney XD. Chinese tech giant Tencent has an extremely strong esports portfolio.

Gaming hardware companies are another viable option if you want to bet on the future of esports. Hardware companies that manufacture the peripherals such as headsets, keyboards and processing units will also benefit from the rise in popularity of esports. Razer, Turtle Beach, Nvidia and Logitech are some of the hardware companies worth considering if you want to go down this route.

Just like any other industry experiencing rapid growth, esports has attracted many celebrities wanting the grab a piece of the pie. Canadian rapper Drake and Cleveland Cavaliers owner Dan Gilbert are part of the board at Thieves, one of the biggest names in esports.

Streaming is the best way to watch esports in the US. YouTube, Twitch and Facebook Gaming have the biggest shares of the market, and are fairly easy to use as well. Most esports casters, or shoutcasters, earn their living as freelancers. On one hand, it gives them more options, but that comes at the cost of job and income stability.

This varies a lot, as seasoned professionals obviously charge higher fees. While not as common, some casters are hired directly by the gaming companies as employees. Naturally, in this situation their salaries are not publicly available. The first esport competition was a Spacewar! A far cry from the multimillionaire prize pools in modern esports, the reward was a one-year subscription for Rolling Stone magazine. Video game competitions were becoming quite popular, although gathering players for the tournaments remained a challenging task.

Red Annihilation, a competitive Quake event from , is considered the first ever esports event. The competition drew in 2, players, holding an online qualifier that selected 16 finalists, who were then flown to Atlanta. The final round took place during the E3, while players were allowed to bring along their own mice and keyboards — much like modern esports. The s then saw the rise of global competitions, as well as the first millionaire prizes.

Viewership also grew exponentially during that time, leading us to the current scenario of viewers tuning in in their millions. The future of esports looks brighter than ever. Games are becoming increasingly popular, and the market is full of titles with an ever-growing number of players.

Prize pools continue to rise at an astronomic rate, and so does the revenue for the industry. More investors are getting drawn into the world of esports as well, and that will only increase in the future.

Esports betting is also an ever-growing market, and it will also benefit greatly from the rise of esports popularity. The audience has also seen a significant growth, which continues at a steady pace as more viewers become familiar with the games. If you are new to esports and betting on esports, now is the perfect opportunity to get onboard as fast as possible. Read more. Check out the latest odds and our bets picks. Check it out! Check out our top picks and predictions for the North Wilkesboro iRacing event on Saturday, May 9.

Latest odds included! Esports is set to double in growth this year, but it must learn from past difficulties in match-fixing. Show more. Quick Navigation What is esports? Esports betting Esports popularity Esports genres Biggest esports games Biggest esports teams Top esports tournaments Top esports leagues Is esports a sport? Mobile esports Esports earnings — how much money do esports players make?

How much is esports worth? Esports Betting With esports experiencing a massive growth in recent times, so has the betting market around the competitions. Can I Bet on Esports? There are also a handful of states that have explicitly legalized esports betting. Esports betting is legal in the following states: New Jersey West Virginia Nevada Colorado Washington Tennessee Nevada Nevada was the first state to legalize esports betting, although sportsbooks must notify the regulators first and wait for the approval.

New Jersey New Jersey sportsbooks can also take bets on esports, but must also notify the regulators first. Tennessee Tennessee legalized esports betting in Washington Washington is the most recent state to legalize betting on esports. The following states have legalized sports betting to some capacity, but have not made it clear one way or the other if esports betting is allowed or not: Arkansas Delaware Illinois Iowa Michigan Mississippi Montana New Mexico New York Oregon Pennsylvania Rhode Island Washington DC We need to wait for further clarification from these states to determine if esports betting is legal or not.

How Can I Bet on Esports? Odds work the same way as they do in sports betting, so there are no secrets here. Best Strategies for Esports Betting This is the same as sports betting — check the best teams, the best players and the match history between opponents.

You can also play it safe and go with the most dominant team to continue winning it all. Is Esports Betting Fair? Daily Fantasy Esports If you reside in a state that does not allow esports betting, you can likely still get involved in fantasy esports. Future of Esports Betting With the outbreak of COVID in and sports events getting either canceled or postponed all around the world, sportsbooks naturally took a big hit.

As you can see, interest is at an all-time high. The audience is expected to reach million viewers by FPS Short for first-person shooter, these games are centered around gun-based combat seen through the eyes of the player-controlled character. Fighting Games Fighting games pitch two or more player-controlled characters against one another in a small stage.

RTS Games Short for real-time strategy, these games place multiple players on a map where they are allowed to control military units while managing resources and structures. Card Games Card games have a variety of rules, but are usually centered around defeating another player by achieving a specific condition. Sports Simulations As the name implies, these games simulate real sports and as such follow the same set of rules as the real competitions.

Football, soccer, racing and basketball are the most popular titles in sports simulation. Dota 2 was released in and is the highest-paying esport in the world. Fortnite Arguably the most popular game in the world, the battle royale was released in Rocket League Rocket League is a soccer-inspired game released in in which players control vehicles, with two teams consisting of one to four players. The esports industry has changed dramatically. Back in the days, it was as simple as hosting a party and playing games into the late hours of the night.

According to Statista. Similarly, DOTA 2 hit its highest peak number, at almost 1. The fact that the pandemic forced people to stay at home undoubtedly boosted its popularity. Betting always follows money and this is no exception. However, the big challenge most players face is finding the best betting site for their needs.

We recommend reading this page , courtesy of OLBG.

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Esports competitions have experienced a massive boom over the last decade.

Dota 2 betting facebook inc This proves just how popular esports is and dota 2 betting facebook inc immense potential for growth. There is a huge variety betting knowledge games that esports players and teams compete in. While its prize pool pales in comparison to the more established games, the Free Fire World Series set the record for the most average viewers with 1. The only legal sports betting state that has explicitly prohibited betting on esports is Indiana. We need to wait for further clarification from these states to determine if esports betting is legal or not.
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