What started off as an obscure space of betting that many people looked upon to with apprehension. Although it has grown over the years from its initial sprouts, it is yet to create a massive wave in the field of gaming. Esports gambling hasn’t been able to meet the standards or popularity as that of conventional sports gambling which includes basketball, soccer, and football. As of the current status, it remains as a secondary option to the highly popular sports betting, but according to the speculations, Esports gambling is set to create a history in the field of video gaming. Many players and bettors are also hoping for the same and waiting for the prosperous days to arrive. Here are a few reasons why people believe it will explode in the coming years to become the next big thing.
1. Growth of Esports Industry is Steady
Not many people know the history of Esports and its significance in the field of video games. From the first sports tournament of Space War competition in the 1970s to the most advanced gaming features in 2019, Esports has evolved through various stages. It was only in the past decade that Esports started gaining some traction. Major events like the DOTA 2’s League of Legends’ World Championship and “The International” are the most popular ones conducted by Esports these days. Such huge events aren’t the only sign of the growth of Esports; the variety of games they are providing is also a factor that makes Esports the famous company it is today.
2. Esports vs the Industry
This isn’t some sort of battle between the two but is only a fact of growth rates. While some events and competitions are held for both the fun of watching it and the opportunity to gamble, several other tournaments like the ones held by Esports are purely driven by the urge to bet. The esports audience has grown over the years to a massive 589 million by the start of this new decade. According to the growth rate of Esports events, it looks to have a great future by making around $6 billion in the upcoming events. Although it might take some time for the events to garner that big an amount, it is expected to collect such huge numbers and outpace the industry’s revenue generation.
3. More Bookmakers in the Game
The comeback of Esports is so dramatic that it goes down in history as a significant turn of events in the gambling industry. After years of hesitation from the online bookmakers to feature competitive video game gambling, many of them have started incorporating Esports gambling in their sites. In the past few decades, only major events featured this type of gambling. Betting on the League of Legends wasn’t a challenge back then, but finding other tournaments was. Now the scene has changed with most bookmakers offering Esports tournaments, and you get to bet even on the obscure games. However, it is always best to investigate the bookmaker regarding the games and tournaments available before signing up to start betting.