If you play video games, there’s a chance you know what esports is. Esports has been a growing industry over the last decade, rising in peak popularity over the last handful of years. The world of competitive gaming continues to grow, with players competing in tournaments with millions of dollars up for grabs. If you’re interested in learning more about the esports industry, keep reading.
Esports is the world of virtual, organized and competitive video gaming. Players from different teams or leagues will go against one another in some popular at-home games. These games can include the likes of Fortnite, Counter-Strike, Call of Duty, League of Legends, and Overwatch. The gamers will then usually live stream themselves playing and are watched by millions of people across the world. Twitch and YouTube Live are both great platforms that can allow you to build up your fanbase.
It’s been estimated that around 380 million people around the world watch esports. That number is split almost exactly in half with the number of esports enthusiasts equaling the number of casual viewers. The majority of these viewers will usually come from North America, South Korea, and China. Tournaments have been popping up everywhere around the world, giving more people a chance to attend and watch live at home. Sometimes these tournaments can rake in over 50 million viewers worldwide.
By the end of 2019, it’s expected that esports revenue will pass $1 billion. This market has multiple opportunities to create revenue, and not just from gaming. Video game producers and brands have this unlocked. Similar to traditional athletes, esports players have the opportunity to make a lot of money. Tournaments are a new innovation that allows players to win millions of dollars over the course of a weekend. Other teams invited to tournaments can get their name out there, even if they don’t win the large prize and event organizers make a ton of money with ticket sales. Some other ways esports players can earn money is by receiving league salaries, sponsorships, and endorsements. Esports has become a movement. Its fanbase has continued to grow in size over the last five years and is expected to continue on that same path. Due to the easy access to the internet, watching esports has never been so simple. With how many people already watch esports regularly, it’s only expected that that number will double over the next five years.