Esports betting is gaining massive popularity around the globe, thanks to the availability of convenient online betting platforms. This multi-billion-dollar industry is worth USD900 million in India each year, though far more is estimated as being spent on offshore accounts. Here we look at innovations in esports and its impact on esports betting.
Esports has competitors from different leagues or teams that compete in games such as DOTA2, League of Legends, Counter-Strike:2, FIFA 2020 and others, the same games that are very popular with home gamers. Each event is supported by online betting websites in India that accept bets made in Indian rupee, the local currency. These esports events are watched online and in-person by millions of fans across the globe, some of whom are uninterested in the more traditional betting games such as poker or sports like soccer.
Already, the esports space is recording double-digit growth in viewers that is expected to continue through 2022. The increase in revenue is also expected to scale up significantly each year for the foreseeable future due to technological advances with network servers, cloud services, hardware and accessories. Improvement in gaming components from console’s input devices such as monitors, speakers, graphics cards, gaming furniture and live streaming tools like Twitch and chatbot integration to moderate the feeds, keep players and bettors engaged for longer.
JetSynthesys, an Indian digital and technology company, has been developing games such as Sachin Cricket Saga. It has recently invested in NODWIN Gaming, one of the region’s