The world of eSports describes the world of competitive, organized video gaming. It allows gamers from all over the world to enjoy their favourite video games together. In 2020, its army of followers increased to 500 million. By the end of 2023, this number is expected to reach 650 million. Is it possible? Considering its growing popularity, it can be possible.
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What Determines the Popularity of eSports?
The popularity of eSports betting doesn’t come from nowhere. It is actually affected by several factors, namely
- increasing awareness among bettors
- more platforms covering eSports
- growing number of people who watch eSports
- investment in various brands
- rapid growth in eSports tournaments
- political, economic, and social processes like COVID
All the factors determine the fast-pacing popularity of eSports in the modern community. This is why it can be viewed as a good investment for people who enjoy playing video games. Now, they can use their knowledge and skills to enjoy some financial benefits.
The popularity of eSports is not all about money. It also allows people to connect with others while playing sports online. Online communication makes the betting process more enjoyable. People can share their opinions with each other. Some of them may even give you a good piece of advice. So, don’t underestimate the social nature of eSports betting.
The Future Prospects of Esports
According to the report published by NewZoo, the worldwide eSports industry generated more than $1 billion in revenue in 2021. That’s a lot of money. By the end of 2022, the revenue is about to reach $2,5 billion. It says it all. The eSports ındustry doesn’t stay still.
As the trends show, the popularity of eSports keep growing. Almost a year after the pandemic started, in-person gatherings are conducted again. Today, there are a lot of arenas built up specifically for eSports tournaments and competitions. Just imagine what kind of atmosphere is there.
Esports Arena located in North America has already hosted hundreds of eSports tournaments. After establishing its first arena in Orange County, California, the company has built up additional locations throughout the United States. The Esports Arenas are eligible for hosting large scale events like The Major for CS:GO events or The International for Dota 2.
Some arenas serve as home to great championship competitions, while others allow the public to pay for “game time” to use the arena. For example, Blizzard Arena in Burbank in California and Fusion Arena in Philadelphia, Pennsylvania are quite worthy locations. They range in size from 35,000 to 110,000 square feet. Spending time there while following the tournament happens to be an absolute pleasure.
OverActive Media has recently announced its plans to establish a $500 million esports venue in Toronto, Canada. The arena will be intended for approximately 7,0000 seats. By the end of 2021, the arena will be the location for organizing OverActive Media’s Call of Duty League and Overwatch League franchises.
What to Be Ready for…
As you can see, the eSports industry is moving forward. It organizes new eSports tournaments and builds up new arenas for those events. After all, investors are putting their money into those projects that have huge potential.
In the future, we will see even more projects associated with this industry. Consequently, it does make sense to become part of it now not to miss some opportunities.