Over the past years, e-sport betting has rapidly grown to become one of the biggest in the industry. Since the pandemic, a lot of sports were asked to delay their plans but on the other side, e-sport was given a huge boost since most people started making bets from home leading to a high increase in viewers as people became more interested in the sport.
With the involvement of bookmakers in the sport, different territories have been introduced to boost the e-sport market as it keeps on growing. The betting industry is a large one with e-sport being new in the , however, e-sport is slowly taking over the industry. In this article, are reasons why e-sport betting is growing rapidly in the industry today.
Introduction of new betting areas.
One of the reasons leading to the high growth of the sport in the industry today is the introduction of new marketplaces to make bets. Some countries have legalized gambling in their areas which gives people the opportunity to make as many bets as they can. This is surely a huge step in the gambling industry. The USA is yet to legalize the sport with them having complex laws. However, bookmakers online have introduced ways that customers can enjoy a nice experience as they play the game. As more countries keep on revising the old laws to favor e-sport gambling, we should soon expect the offerings to start changing and even though these changes exist, some great gambling sites still exist in the USA.
New growth opportunities for e-sport betting.
As the betting sites keep expanding, betting companies have also increased leading to rivalry between different sites as each site will want to be the most favorite chosen by the customers. of all bookmakers offering esports betting. Since the start of the pandemic, e-sport was listed publicly securing an investment of about forty million dollars resulting in its rapid growth. In addition, the companies involved in betting have made moves to widen their streams for more revenue. This will make games even harder to predict as the odds continue to be a problem in the small games. Sharing data will help in producing better rates and payouts. Also, improvement of odds in games has been added to online bookmakers.
More games and markets for e-sport betting.
E-sport is a large term that covers most activities. Many sites are allowed to offer the sport but are given limitations to hold on to the important games so as not to bring confusion. Some of the games added to some of these sites are PUBG and apex the legend. The addition of more mobile games in sites automatically shows that there is an increase in viewers of e-sport on mobiles. With this trend, e-sport continues to grow popularly at a high rate which will result in more markets for betting.
Promotions and sponsorship deals.
In traditional sports, sponsorships offered by a betting company are always normal but sadly do not apply in e-sport gambling. Over the past years, this has rapidly changed with many companies knocking at the front door. Some company like bet way is an example of sponsorship partners with their recent move involving partnership with G2 e-sporting site. Coin base has joined the race in acquiring more sponsorship deals. The two industries do not relate in any way but it shows the importance of the growth of the two industries. They have offered more e-sites for sponsorship and are continuing to make the deals.
In conclusion.
Metrics and growth.
A way to measure how the e-sport gambling industry is growing is to directly look at the change in revenue. Even though it is quite difficult to know the exact figures in revenue this year, adding public trading companies will make everything easier to judge as we keep moving forward. It is no lie that the e-sport market is grown over the last years especially when considering the numbers, they are highly impressive. After the involvement of rivalry, in the betting industry, an increase of approximately 150% was recorded which is a massive boost considering that the watch time to live streams was reduced. This simply explains the growth of the audience that comes from expanding gam features and offers.
The metrics recorded show some strength in today’s betting market. With no one ever predicting the future, the surest prediction is that e-sport will take over the industry in the coming years.