Key Takeaways
- An entire industry has sprung up around the competitive video gaming culture estimated to be worth $523 million.
- Eilers Research, in a report on the eSports wagering industry, estimates that more than 2 million customers will wager some $315 million on eSports in 2015 alone.
- By 2020, that estimate is expected to at least reach upwards of $23 billion with eSports betting operators realizing $1.8 billion in revenues.
- More aggressive projections are nearly double the conservative estimates.
If you are not yet familiar with eSports, you soon will be. Multiplayer video game competitions have begun breaking out of their niche following and are spreading to the mainstream.
An entire industry has sprung up around the competitive video gaming culture, estimated to be worth $523 million. The total prize money paid out at these eSports events this year alone is expected to exceed $50 million, and viewership of eSports’ biggest events is projected to surpass all of the world’s leading sporting event except the Super Bowl.
Like the Super Bowl, real money wagering by fans helps drive interest in the games. And like sports betting, eSports betting is big business.
