Explosive Growth Of eSports Betting

eSports betting is likely the newest and fastest growing sport on the betting scene. The exponential growth in the betting markets for Esports has resulted in eSports tournaments gaining an even larger audience and bigger sponsorships. A healthy betting market has proven to be fantastic for the growth of eSports across the board.

The Growth Of eSports

Since the first competitive gaming event playing Spacewar in 1972, competitive gaming or eSports have seen a steady incline year-on-year. This was changed in the early 2000s with the gaming scene moving to personal computers over internet access rather than arcade machines. As the revolution of online games started, so began the second wave and much bigger growth of online competitive games. The real explosion of popularity has been since 2015 and has showed no signs of slowing down since.

The Modern Era

While some of the most popular eSports titles like CS:GO or https://esportsbettingaustralia.com.au/league-of-legends/ range from 2013 upwards, the real explosion of eSports has been since 2015 as the v leagues have gained a vast amount of followers and titles alike. Below are some interesting facts to give you an idea of the current scale of eSports tournaments and betting.

  • Viewers – Over 500million viewers, with just over half of that number being avid enthusiasts. eSports has a massive viewership, which is growing by more than 10% every year. This is a massively impressive feat, as consistent growth in a sport is not an easy task. With the viewer growth comes market growth too.
  • Bettors – As it stands, there are on average 6.5million bettors on every major esports tournament. This number is impressive as it stands but is shone by the fact that we are seeing an average of 15% increase in bettors year-on-year.
  • Sportsbooks – Before the explosion of eSports in late 2010’s very few sportsbooks would offer a good range of markets if any at all regarding Esports betting. There were a few betting sites which offered some markets, but they were far from common. Today, most major betting sites offer eSports betting across several leagues and games with a wide range of markets. If there is a bet that you want to make on an eSports tournament, you can be sure that there is a sportsbook that provides it.

Looking To The Future

While there is no true way to know for certain, experts predict that eSports betting is only going to continue in its growth trend for the foreseeable future. Viewership is at an all-time high and is predicted to reach 728million by the end of 2021 and clear 1billion viewers by 2025. These predictions seem well grounded in reality and will see the eSports markets becoming one of the biggest sports betting markets available within the next 10 years.

Another unpredictable but interesting topic to look forward to is the games available to bet on. It seems as though we are receiving on average of 5 eSports ready titles a year, making the betting market going forward truly unpredictable, but exciting, nonetheless.