Is Jumping on the Bandwagon of $8 Billion-Dollar Esports Betting World Worth It?

Esports has given birth to the greatest opportunity of all time. However, esports betting has not become the talk of the town as yet. There has been a primary focus on the recent wave of investment in esports in recent times. However, a lot has to be done to make people realize that verticals, like betting, serves as a significant potential of esports, specifically when the interest in this industry has skyrocketed.

Esports betting, being distinguished as the fastest-growing company, is all set to rise up to $8 billion USD in total wagers this year. This would lead to equating to $560 million in revenue at an average industry margin of 7%. The estimated growth reflects over $16 billion in annual wagers in the coming year. This explains why esports has gained fame within the last few years, in light of the surging investment. The major competition now being featured in large arenas and millions of spectators across the globe has made people realize that gambling makes the action all more intense.

Same as the traditional sports, who have managed to thrive on the betting ground, esports too has made its stance having robust synergy with gambling. This explains why esports betting has already become a multibillion-dollar business. Therefore, jumping onto the bandwagon of esports betting would definitely be worth it.

The Rise of Esports Gambling is Unstoppable

Specifically, as esports began to feature more games, it became a lucrative market for global investors, eventually becoming the next target for the gambling industry.

With a plenteous number of games being emphasized as esports, the gambling industry is destined to grow. Counter-Strike: Global Offensive (CSGO), Dota 2, and League of Legends (LoL) are the most popular esport to bet on by far. Never fear if those titles don’t catch your fancy since esports betting is vast, and even games that haven’t been released publicly like Valorant are featured.

As indicated by the research firm Eilers & Krejcik Gaming, the US alone is set to handle $8 billion in wagers in 2019. Bookmakers are expected to earn an estimated $560 million in profit from this action.

More estimates suggest that this amount could double the following year. After 2020, there’s no telling how far esports betting can go.

The odds are that esports betting is only going to get much bigger from here. The aforementioned $8 billion betting handle is only for the US. For context, esports is considered much bigger in Asia than it is in North America. China is especially big in competitive gaming.

Most traditional sports are only popular in certain regions of the world. Soccer, basketball, and tennis are a few exceptions to the norm. But even these sports aren’t quite so big in specific countries and regions.

Esports shouldn’t have this problem. Most countries enjoy video games, from Argentina to Siberia. Competitive gaming could potentially be the first type of competition that knows absolutely no boundaries. Furthermore, it’ll attract lots of bettors from every part of the globe.

Plenty of evidence exists to support these ideas. Namely, international gaming competitions are growing immensely. With these, it truly is going to be amazing to indulge in the phenomenon experience of sports betting.

Indulge in Esports Betting with Neosbet

Neosbet is recognized as the prime site for wagering on the top esport players and groups. With this incredible site made explicitly for esports betting, you can place a wager from Argentina, Mexico City, Brazil, Canada, Finland, Norway, and many other spots all across the globe. Featuring top-class video games, like CS: GO, Overwatch, League of Legends, FIFA, Call of Duty, Neosbet lets you relish the thrill of the best competitions in the world. The yearning to create a distinctive esports betting website made Maxime Carrere, the founder, take two years to lay the foundation of Neosbet.

Exclusively made by gamers for gamers, Neosbet has brought forth a niche for itself in the betting industry, explicitly for esports betting.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes