Esports Industry News

August 10, 2020
Esports News

LCK Franchise Model Receiving Great Interest

The League of Legends Champions Korea (LCK) will change into a franchised league starting in 2021. Of the four major premier regional leagues in League of Legends (LoL) esports, South Korea will be the last to become franchised, after China’s League of Legends Pro League (LPL), North America’s League of Legends Championship Series (LCS) andMore
Riot Games, the company behind League of Legends and ValorantMore
On July 21, the publisher and developer of League ofMore
August 1, 2020
Esports Industry

Esports betting legislation passes assembly in New Jersey, heads to senate

Esports and the law have had a somewhat strained relationship at times. Not every set of laws accounted for the unique problems that esports brought with it, especially when itMore
July 30, 2020
Esports News

NEOM gets mobbed out of becoming a Middle Eastern esport hub

The NEOM Project announced two high profile esports partnerships over the past two days. Event organizer BLAST and Riot’s LEC announced their pledge towards the development of esports in Neom.More
July 28, 2020
Esports Industry

First batch of nominees for The Esports Awards 2020 arrives

Music has the Grammys, film has Oscars, and esports… well, esports has The Esports Awards. For five years running the awards have been given to influential and impressive names inMore
July 28, 2020
Esports Industry

Cheating in FPS Games – Why Do Players Cheat and What Can Be Done?

Chances are, at some point or another you’ve run afoul of someone cheating in a FPS game. You can be having a great game, whether that’s finding the perfect lootMore
July 26, 2020
Esports News

The LEC Partnership with Erste Group is a great move

Last week, the Erste Group Bank AG (Erste Group) stated its intent to work with Riot Games to support the growth of esports and develop communities. The Erste Group willMore
July 26, 2020
Esports Industry

Why Fnatic is a Leading Brand in Esports

Fnatic is one of the oldest leading brands in esports. A staple of the European esports scene, Fnatic has risen to become one of esports’ most elite organizations since itsMore
July 23, 2020
Esports News

US Army backs away from Twitch as recruitment tactics backfire

So far, the American military has certainly made some questionable decisions – this time not so much about their behaviour in military conflicts, but more about the way they chooseMore
July 17, 2020
Esports Industry

Trevor Noah will soon be competing against top gamers on Quibi

Yes, you read that right – Daily Show host Trevor Noah, a self-proclaimed skilled gamer will be hosting a new series by the name of Player vs Player with TrevorMore
July 17, 2020
LoL Esports

Potential Bubble System for LoL Worlds 2020 Championship

Riot Games is considering a bubble system for the League of Legends Worlds Championship 2020. The developer originally announced November 2019 that Worlds 2020 would take place in China, withMore
July 7, 2020
Esports Industry

e-Zone Cyber Space – Japan’s first esports hotel just opened its doors

Japan is already a pretty cool travel destination – and for esports fans, it just got a lot cooler. Like South Korea has done, Japan just opened its first esportsMore
See more Esports Industry News

The global esports audience is expected to grow to nearly 500 million in 2020, as per Newzoo, with Coronavirus lockdowns this figure could even become higher. The world is watching the esports industry and its rapid rise closely and following esports industry news avidly, and so are we.

What is the esports industry?

While we already explain what is esports, the esports and gaming industry encompasses everything related to professional gaming. After development over the past few decades and a rise fuelled by the internet, the video game industry has birthed esports, where professional gamers compete for financial reward and world renown in the top video game titles.

The esports industry includes video game developers and publishers, PC and console equipment makers, professional gamers and teams, tournament creators and organizers, esports streamers, esports betting companies, esports investors and backers, its massive audience and fans, and many other key components.

Esports Industry News

© ESL

Just how big is it?

Esports is now a multimillion-dollar industry and set to shortly be a multibillion-dollar industry, keep reading to find out how much the esports industry is worth by the numbers.

This industry now has almost 500 million fans worldwide, thousands of professional esports competitors, hundreds of professional esports teams and hundreds of esports game titles, and high-payout global competitions. Esports tournaments now see tens of thousands of attendees and generate millions in revenue for organizers as well as paying out millions in prize money.

How much is the esports industry worth?

The competitive gaming industry should surpass a valuation of $1 billion in 2020 reaching $1.1 billion, as per Newzoo, after narrowly missing the $1 billion milestone in 2019.

By 2022 esports industry net worth could be as much as $1.8 billion but perhaps even more. A Goldman Sachs report in 2018 estimated the esports industry will reach a valuation of $3 billion by 2022.

For 2020, Newzoo says the esports industry will achieve year-on-year growth of 15% with three-quarters of this industry’s value coming from media rights and sponsorships. Esports and in-game advertising is already huge and will become more interesting to brands and more prevalent as the industry develops.

The global esports audience will reach nearly 500 million in 2020, with esports enthusiasts accounting for over 220 million of this number. Newzoo puts the growth of the esports enthusiast audience at a CAGR of 11.3%, and gives the occasional viewer audience growth of a CAGR of 9.6%.

It is not just the industry’s competitive scene and audience that is growing, as this industry matures and esports industry news reaches more and more people the industry is thriving with new investors, both professional and amateur, and even with esports betting opportunities.

In an industry growing at such an impactful pace, there are potential money-making opportunities for both esports proponents and for those new to the competitive scene. Those who may never have even played a video game may wish to gamble on esports growth with esports betting or esports investment. The potential for esports investors makes esports finance news a large part of esports industry news, and we’ll be covering all the latest finance and investment news for you too.

How does one enter the esports industry?

There are opportunities for anyone to enter the competitive gaming industry. Gamers can become professional esports competitors, game publishers could bring the next big esports title to market, fans can watch online or attend a tournament, gamblers can make esports betting on their favorite games and players or try esports casinos and investors can buy esports stocks or put capital into budding new esports ventures.

What does this industry need?

The esports and gaming industry is no longer in its infancy, it is maturing rapidly with a growing fan base and ever-increasing revenue generation. Esports audience figures are driving big brand sponsorship and media rights deals to esports, a sign of market maturation.

Capital is also flowing into the industry from major investors and investment funds, often with no prior involvement in gaming, who recognize the potential of the sector. Esports companies are beginning to list publicly on stock exchanges around the globe and esports stocks and esports ETFs are now available for investors, further signs of industry maturity.

The esports industry needs this interest from big brands, investors, and fans in order to drive its success further and become an equal rival to the traditional sports sector, and with as much validity. With exposure to a massive audience, growing regulatory compliance, and the development of fair play organizations and rules, esports will gain the credibility it needs by pushing out negative aspects like allegations of cheating and match-fixing.

The esports industry needs glowing credibility to become the next greatest entertainment destination online and physically, for not just millennials and generation Z but other generations too. Esports industry news shows us esports is quickly gaining this credibility as well as the financial flows which will make it historically as successful and as foundational as traditional sports.

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