The Rapid Growth of eSports Betting in 2022

Technological advances moved many industries online. The gambling industry doesn’t make an exception here. Over the last decade, eSports betting has become incredibly popular. It keeps increasing its revenues, number of views, variety of tournaments, and size of prize pools each year.

But what makes eSports betting one of the major trends in the gambling industry? Let’s explore it before you take a step at

Growth of the eSports Industry

The industry of eSports betting reached more than $1 billion back in 2019. And it’s still growing. Its potential is so huge that professional bettors get more and more space for gambling activities. According to the Market Insight Reports, the eSports betting market will have a CAGR of more than 13%. In other words, the gambling industry is supposed to reach $13 billion by 2025.

When it comes to the fanbase of eSports betting, it grew from 170 to 250 million between 2019 and 2021. This trend seems to get more obvious in a matter of time. Betting sites are becoming more and more admired. Professional and amateur bettors decide to bet on available video games. They check the variety of tournaments conducted on a monthly and annual basis. Once they focus on some of them, they proceed with betting activities.

Over the last decade, eSports betting has become an excellent way to have fun and earn money. And there is nothing difficult about it. The way of placing eSports bet is not different from other sports like basketball, baseball, and others. Nevertheless, there is still a huge potential ahead of eSports betting since betting sites use possibilities of developing live betting on the tournaments and events. The principle is no different from other types of fantasy events, as players try to focus on virtual teams and get points based on their performances.

The Background of eSports Betting

The eSports betting industry remains a pretty unregulated market. It involves a great number of betting resources. All of them offer specific features, odds, bets, and so on. The eSports betting industry will get transformed into a regulated market.

Betting on eSports started as the so-called skin betting. Skins are visual assets used in video games. Players can use them for betting on the outcome of the match or any other eSports event. Moreover, some websites accept skins for games.

Betting on eSports get transformed into real money wagering instead. The market is getting managed in a better way. Meanwhile, bettors can place their bets in the same way as traditional sports. Many markets are covered by bettors, from single match bets to the futures.

The Most Popular eSports Games

You will definitely like to start betting on eSports. But before you go any further, you should decide on the games you would like to wager on. There are more than enough options to choose from. Here are some of them:

  • League of Legends (LoL)
  • DOTA 2
  • FIFA
  • Counter-Strike: Global Offensive (CS:GO)
  • Call of Duty
  • World of Tanks
  • StarCraft II
  • Rocket League etc.

Final Word

Considering all the nuances, it is not weird that eSports betting demonstrates such drastic growth. Video games have become a great source for multiple tournaments conducted on regular basis. All of them are supported by betting sites. Which one will you choose? It’s totally up to you.

Betting on eSports has made a few great steps forward during the past few years. It most likely won’t stop here. We can expect the betting industry to keep growing and getting closer to traditional sports in a matter of time.

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