Will eSports betting overtake sports betting in the future?
The eSports industry may be something completely new for some people, but it has been brewing in the background for quite a while now. The industry is able to bring in millions if not billions of viewers every year and is not stopping at any adversity.
Esports are exactly what they sound like, electronic sports. These are video games that have a very competitive nature and can be played in teams or alone. In most cases, the games dedicate a lot of attention to the skills of the player rather than the random number generation.
The performance of individuals and the scale of the games is what makes the industry so interesting for the younger generation.
Does eSports have a betting section?
Just like any one of us would place a bet on Manchester United winning 2:0 against a random team, an eSports fan would do the same with his game and team of choice.
For example, the most popular games, such as CS: GO and League of Legends often get bets like these, but at this point they’re a little restricted, only allowing players to place bets on who’s going to win and no additional details.
The difference is between the interests of the community. Although sports betting is definitely not going anywhere simply because sports will always be interesting to the global community, the eSports industry still has a lot of room for improvement.
Simply due to the fact that eSports is such a young industry, but still managed to become such a sensation, gives us a hint on what’s to come in the future, as more and more younger people are exposed to video games and eSports tournaments.
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, current youngsters are less and less interested in traditional sports such as football or basketball, most of them start directing their attention to action games on PCs or consoles.
The eSports industry itself is currently not in the billions yet, however, the wagering part of the games are believed to have reached nearly $7 billion in 2018 alone
, and are on their way to reaching more than $13 billion in 2020. And it needs to be remembered that the eSports industry is barely two decades old.
Compare that to the nearly a century old sports betting market with a capitalization of little more than $100 billion in 2017
and we get a very clear picture.
In terms of growth, the eSports industry is well on its way to overtaking the sports industry in the future. But that particular future is still decades away.