There’s no doubt that the world of e-sports betting is expanding rapidly. With more and more people getting into competitive gaming, searching for good crosshairs for CSgo to become better players, and more, it’s no surprise that there’s a growing market for betting on e-sports matches.
In this text, we’ll list all of the main reasons for the growth of the Esports betting industry and explore what we may expect the future of Esports betting to bring. Are you ready? Let’s explore!
There are a few reasons why E-sports betting is expanding rapidly. First, this industry is growing fast. The number of people who are interested in playing and watching E-sports is increasing every year. This means that there are more potential customers for E-sports betting sites.
Second, E-sports betting is becoming more mainstream. In the past, it was mostly confined to niche communities. But now, more and more people are aware of Esports and are willing to bet on them. This is thanks to the increasing coverage of E-sports by the media.
Lastly, the technology behind E-sports betting is also improving. This makes it easier and more convenient for people to bet on Esports matches. With better technology, people can now place bets from anywhere in the world.
The E-sports betting industry is still in its early stages, but it is growing rapidly. In 2019, the global E-sports betting market was valued at $865 million and is expected to reach $1.79 billion by 2025, growing at a CAGR of 14.7%. The United States is the largest market for Esports betting, followed by China and South Korea.
The main reason for the growth of the Esports betting industry is the increasing popularity of Esports. In 2019, there were over 4,000 Esports tournaments with a total prize pool of $865 million. This is more than double the prize money available in 2016.
The industry of E-sports betting is still in its early stages, which means that there is a lot of potential for growth. In the future, we can expect to see more E-sports betting sites popping up, as well as more features and options being offered by these sites.
A crucial factor driving the growth of the Esports betting industry is the increasing number of online bookmakers offering Esports betting markets. In 2019, there were over 30 online bookmakers offering Esports betting markets. This is a significant increase from 2016 when there were only 10 bookmakers offering such markets.
The growth of the Esports betting industry is also being driven by the increasing number of people who are willing to bet on Esports matches. According to a study conducted by Newzoo, 26% of all gamers are willing to bet on Esports matches, which is quite promising for the future.