Monday, March 1, 2021
Home E-sports Esports Set to Take Over Traditional Sports: What’s in the Offing?

Esports Set to Take Over Traditional Sports: What’s in the Offing?

The popularity of traditional sports has been on a steady decline as more people pivot to eSports. Here are the facts:

  • eSports is the second most preferred source of entertainment, only behind movies.
  • By 2020, the industry will generate an excess of $1 billion in terms of revenue.

Major brands are noticing the uptick in eSports viewership and getting involved by offering million-dollar deals. The stakes couldn’t get any higher as everyone tries to get a slice of the pie. Amazon, always a step ahead of the curve, acquired Twitch with a record-smashing $970 million deal, in anticipation of the new trends. It’s what may have kickstarted the trend of eSports.

So what does eSports offer?

Incredible Earnings

There’s big money in an eSports platform for players (and bettors) alike. Through various sponsorships, endorsements, and deals there’s always enough money for all stakeholders to go around. However, the real money is in international competitions. For example, the DOTA 2 finals in 2016 saw the largest prize pool of the time, totalling a whopping $20 million with $9 million being claimed by winners.

Epic Games, the company behind Fortnite, announced their intention to provide a sizable $100 million prize pool for Fortnite competitions during the first season of competitive play. The numbers are just poised to get bigger and bigger.

Women Make a Sizable Chunk of the Fanbase – and Player Base

Women have traditionally been underrepresented in all aspects of traditional sports – be it basketball or rugby. eSports has one of the purveyors of positive change in this area and is promoting gender diversity. One group that deserves special mention is an eSports team called GEms.  

They’re an all-female eSports team from India, Myanmar, and Singapore. GEms is bucking traditional norms and setting a new precedence for inclusivity. 

eSports Betting

eSports gambling is also dominating the market. Betting on eSports is somewhat identical to traditional sports, with the caveat that eSports betting is not as refined as traditional sports betting systems. Most players can choose between cash-based or skins-based sites when betting in eSports matches. In terms of popularity, the games with a sizable following include League of Legends, CS: GO, and Fortnite.

Many bookmakers now have computer game betting. Those of them who don’t, risk falling behind and will soon have to play catch up.

Growth Hasn’t Done Stopping Yet

eSports grew from a tiny niche to virtually dominate traditional sports. It is now in the mainstream and the tally count for viewership, sponsorships, and betting events just continues to rack up. It is projected that by 2023, the number of viewers will grow to 646 million! This momentum is only poised to continue to pick up in the coming years.

Amazing Betting Opportunities

Considering that eSports is still relatively new in the market, many bookmakers face more difficulty assessing every complex mechanic in the game. There are more trends to observe and calculate when placing bets. Moreover, the eSports industry is rife with stories of underdogs pulling off huge upsets, even though they weren’t favorites going in. This

element of uncertainty makes the mechanics of betting on games, such as F1 eSports, for example, more difficult than, say, baseball.

Finding trends that allow you to place better wages requires skill and strategy.

Anyone Can Get Started in eSports

Getting into eSports is easier than you think. There are no impossible barriers to entry. All you have to do is install your favorite game, enter a game lobby, and play in a competition. If you continue to practice a lot, you might land yourself on a big stage winning big. In fact, most competitive players get started by playing very casually.

Once they step up their game, they join a team, then start taking things a bit more seriously – which leads to joining an organization and aiming for higher levels.

Registration and competition are also relatively easy. If you’re good, you’ll definitely stand to earn.

New Career Opportunities

New trends bring in new opportunities. It’s not just players and gamblers who stand to win big. There are plenty of behind-the-scenes employment opportunities for people in production, marketing, event management, and league operation. The list of possible professional roles include:

  • Coaches
  • Broadcaster
  • Journalists
  • Marketing executives
  • Admin and referees
  • Event managers
  • Other gaming careers

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