Most people love betting on sports, but not everyone is aware of the opportunity to bet on eSports. On the other hand, since many people are into gaming, the number of those who choose to bet on gaming events is constantly growing.
And due to the growth of this market, nothing is more common than the question: what will be the future of the eSports betting market in five years’ time? Will it reach the level of traditional sports betting? That’s the question we’re going to answer!
Understanding eSports and Its Popularity
For those who don’t know, eSports are official video game competitions. They involve the best players in each sport teaming up and competing in various tournaments. With the popularisation, all eSports betting sites like gg-bet-hu.com have added tournaments and matches from this segment to their catalogue as a betting option on their platforms. In addition, most matches can be followed via streaming.
Some of the most common games include:
– CS2
– DOTA 2
– Rocket League
– Valorant
– League of Legends
Betting on eSports: What Are the Numbers Today?
While a few years ago eSports was little known, things have changed a lot now, especially after 2022. After the pandemic, most bettors switched to betting on eSports while mainstream sporting events were stagnant and it became a real ‘fever’.
The vast majority of people betting on games are now between the ages of 21 and 25, in other words, they are much younger. This can largely be attributed to the fact that gamers, whose numbers have grown by almost 75% in the last two years, are in the same age group and are attracting a similar audience through their streaming channels.
The success of eSports wagering is directly correlated to the success of video games. This explains why more than 40% of customers bet on CS2 events. In addition to these, betting volume is also high on DOTA2, with more than 30% of bets, and LoL, slightly less, at just over 15%.
The PGB Survey Shows the Direction of Betting on eSports
More important than knowing all these numbers is to think about what the cybersports market will be like in a few years. And the 10th edition of Game Brasil’s 2023 survey shows us some of the direction of betting.
This survey reveals some important points about the eSports disciplines that Brazilians like the most:
– eFootball: 81 %
– FPS games: 53 %
– MOBA games: 67.5 %
Looking at the eSports wagering market, it’s clear that it has everything it needs to expand more and more in the coming years. As technological innovations such as the increased use of augmented reality, as well as increasingly interactive streaming platforms, player interest in these electronic games will grow.
At the same time, it is expected that at the same time as the number of games available for betting increases, there will also be an expansion of the audience, but of course, everything will depend on other factors.
It is very important that a regulatory framework for online betting is put in place to guarantee bettors greater security of playing on really reliable sites that are honest in terms of payouts.
We are confident that through this, the popularity of eSports and online betting will only grow in the near future in the long term.
The Rapid Expansion of eSports: What’s Driving Its Success?
The rise of eSports from niche competitions to global entertainment spectacles has been nothing short of extraordinary. In just over a decade, competitive gaming has transformed into a billion-dollar industry, attracting millions of fans, sponsors, and media attention. But what exactly has fueled this rapid growth?
The Role of Streaming Platforms
One of the key factors behind the success of eSports is the accessibility of live streaming. Platforms like Twitch, YouTube Gaming, and Facebook Gaming have made it easier than ever for fans to follow their favorite teams and players. Unlike traditional sports, where broadcasting rights are expensive and exclusive, eSports events are often streamed for free, allowing for an unlimited audience worldwide.
Sponsorships and Investments
Major brands have recognized the marketing potential of eSports, leading to significant investments from companies like Intel, Red Bull, Nike, and BMW. These sponsorships not only fund tournaments and teams but also legitimize eSports as a professional industry. With prize pools exceeding $40 million, as seen in events like The International (Dota 2), competitive gaming has become an attractive career path for skilled players.
Technological Advancements and Accessibility
Unlike traditional sports, which require physical infrastructure, eSports only needs a computer or console and an internet connection. This has democratized competition, allowing talent from all over the world to emerge. The continuous development of gaming technology, including virtual reality (VR) and artificial intelligence (AI), is expected to further enhance the industry’s appeal.
Cultural Acceptance and Growth
The perception of gaming has shifted dramatically over the years. What was once seen as a pastime is now viewed as a legitimate profession, with eSports athletes gaining celebrity status. Universities now offer eSports scholarships, and traditional sports teams have launched their own gaming divisions, bridging the gap between digital and physical sports.
With continuous growth, expanding audiences, and increasing mainstream recognition, eSports is on track to become one of the most influential entertainment industries of the future.