The Growth of Esports in the Gambling Industry

audience-1866738_640

Esports have been around for quite some time, but it is only recently that the market has blown up. It started out small, with a few friends gathering in a basement to have LAN parties – but now the esports market is valued at $900 million with huge tournaments held around the world.

It’s no wonder that esports have captured the eyes of bettors. With millions of dollars up for grabs in prestigious international tournaments, esports betting provides the same excitement as wagering on soccer and racing. There is definitely money to made in this arena, and sportsbooks are jumping on the trend.

Sportsbetting For Non-Sports Fans

In the same way that you can bet on football, basketball or hockey, you can wager on esports tournaments, where players compete while playing games like CS: GO, Dota 2, and League of Legends. So, if you’re not a fan of sports, then esports betting is the ideal alternative. You can get in on the same kind of action as football betting but without having to follow or support any teams.

As such, esports betting could have a wider appeal as the market becomes increasingly popular. You’ll see sports fans, gamers and techies gathering at bookmakers to wager on exciting esports tournaments.

Big Events Bring Big Bucks

No one wants to watch a couple friends shooting each other up from their gaming chairs at home. What we want to see is skilled players competing in tournaments where there is plenty at stake – and, that’s exactly what we’re getting nowadays.

In the League of Legends 2017 World Championship, the prize pool was worth over $4.5 million. The Dota 2 International tournament had the largest esports prize pool in history worth $24 million. These are the kinds of events that will draw attention from millions of spectators around the world, so it is no wonder esports betting is becoming such a popular market.

Esports Betting from Major Operators

In the early days of esports betting, there weren’t very many places that allowed spectators to wager on tournaments. For quite some time, Unikrn was the only esportsbook on the market, but more and more mainstream betting operators are getting involved. Now, sites like Paddy Power, Betway and even Mr Green are providing players with the opportunity to engage in legal online sports betting by wagering on their favourite esports teams.

Growth of Esports in the Future

Currently, CS: GO, League of Legends and Dota 2 are the most popular esports for players to wager on, but more and more games are making a splash in the market. Betfair offers betting on a wide range of esports, like Call of Duty, Overwatch and Starcraft, and sportsbooks continue to explore this arena.

We are seeing more and more esports gaining popularity, such as Rocket League, Heroes of the Storm and Hearthstone. It won’t be long before these games are available to wager on in the legal online sport betting market.