Videogames have became a great show and form of entertainment and the proof is that eSports competitions trap an increasingly growing number of avid fans that want to know who the champion of a popular and particular game will be. They also have the big potential to add a real and enormous business: gambling.
A recent report done by firm Eilers Research called “eSports betting: is real and bigger than you think,” estimates the dimension that this particular market will take in the coming years. The report examines the opportunity this segment presents to generate business, and includes projections of market size, analysis of the driving growth forces, the risk assessment for growth, and the overall picture of how the product and the opportunity would evolve in the near future.
In 2015, the report projects that 2.3 million eSports fans can bet $315 million on games, that will generate total revenues in the gaming industry for $24 million. In 2020, it is estimated that those numbers will skyrocket to 19.4 million viewers, who bet 23,000 million, which in turn will generate total revenues for the gaming industry by US$ 1,810 million.
Although much has been written about the cultural and economic explosion of eSports, little has been written about the nascent industry that revolves around electronic sports bets. Bets on eSports have remained under the radar, due to the low visibility of the financial performance of the product, and a main current deadlock, as to the very existence of that activity. Both forces are beginning to diminish, revealing a space where we estimate that the followers of electronic sports, would bet more than a quarter of a billion dollars on the results of eSports events in 2015, a number projected to exceed $ 23,000 million in 2020
The numbers from both viewers and interested parties in making the segment a much larger one as exemplified by the audience comparison against regular sporting events, with the eSports audience increasingly adding more fans by the second: the final table for the 2014 WSOP manage to pull in some 1,150,000 viewers, for Monday Night Football audiences the average audience is a little over 13 million, as for the World series game 7 and the NBA Finals game 6, the average numbers collected for this year and last placed them at around 23 million viewers and for a well known game in eSports called League of Legends in the Finals we see an average of more than 27 million fans.
You can check League Of Legends Events at LOL eSports Channel on Youtube
To see the eSports hub at Pinnaclesports click here.
