It’s no secret that esports has grown by leaps and bounds over the past decade. Once an obscure niche, this industry has risen to become a global phenomenon.
Not surprisingly, esports betting has grown right along with competitive gaming. Many sportsbooks now prominently display an esports section on their site.
This type of betting has experienced accelerated growth for the past several years. Therefore, you might think that it’s ready to slow down sometime soon.
The reality, though, is that the esports betting boom only looks to grow even more in the near future. You can see the main reasons why this is the case below.
Esports Viewership Keeps Rising
Unlike traditional sports, esports draw the vast majority of their viewers through live streams. This trend seems to be working particularly well for the industry.
Of course, esports have an unfair advantage in that they’re categorized together. Even though LoL and Counterstrike: Global Offensive (CS:GO) aren’t the same, they’re both lumped under the esports category.
Nevertheless, it’s interesting that this once small industry now manages to attract more viewers than regular sports. Perhaps even more amazing is the fact that viewership levels are going up.
Research shows that almost 459 million (unique) people livestreamed an esports match in 2019.