The Growth Of Esports To $1 Billion Sector

In the contemporary world, esports has become synonymous with passion, wealth, and enterprise. Although it has taken years for esports to attain its current status, the journey has been an exciting one.

Online games like League of Legends, Starcraft II from Blizzard, Riot Games, and many more have drawn large audiences over the years, attracting millions of players and watchers. League of Legends, Dota 2, and CS:GO are the most played Esports games.

Esports At Present

The number of active League of Legends players and bettors have significantly increased over the past year. Additionally, according to Uplatform, gamers are starting to love Age of Empires more since its most recent version. Esports tournaments are conducted regularly which has now made it possible for gamers to make a living out of esports.

Esports, which began as mere video games developed primarily as a teen pastime, today has a more varied consumer base with over 4% of female bettors and 30% of female spectators thanks to its hyper-dedicated youthful fanbase. This is admirable in a male-dominated industry like Esports, and according to Uplatform’s data, the proportion of female Esports bettors will soon surpass 15%. The majority of Esports bettors, according to Uplatform statistics, are between the ages of (23–25), while individuals of different ages are starting to take an interest in the game. Additionally, more than half of Esports fans are from the Asia–Pacific area.

The Future Of eSports

According to Emergen Research, the growing Esports industry will have a market value of $5.1 billion by 2028. Major athletic events were postponed due to the epidemic and the ensuing lockdowns; as a result, several sportsbooks began to provide Esports betting choices as a substitute.  As a result, the business as a whole increased by more than 170%, and in 2022, there are expectations for even greater success.

Also Read: G2 Esports vs Misfits Gaming League of Legends LEC 2022 Summer Split Playoffs; All Details

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