Close Menu
NERDBOT
    Facebook X (Twitter) Instagram YouTube
    Subscribe
    NERDBOT
    • News
      • Reviews
    • Movies & TV
    • Comics
    • Gaming
    • Collectibles
    • Science & Tech
    • Culture
    • Nerd Voices
    • About Us
      • Join the Team at Nerdbot
    NERDBOT
    Home»Technology»Booming eSports And How They Are Affecting The iGaming Industry
    Technology

    Booming eSports And How They Are Affecting The iGaming Industry

    Nerd VoicesBy Nerd VoicesFebruary 12, 20203 Mins Read
    Share
    Facebook Twitter Pinterest Reddit WhatsApp Email

    The eSports industry that combines digital gaming with the atmosphere and excitement of traditional sporting events is a growing one. The last five years or so has seen a big increase in the number of games and competitions there are, while the prize money to be won and audiences have also been on the way up. Indeed, the industry is at that tipping point where it is starting to impact on other ones, such as the online gambling sector.

    Sports betting has been one of the successes of the internet era, leading to new bookmakers emerging online pretty regularly. Thus, we are talking about two growth industries here, which usually means that if there is any possibility for a crossover between the two; those leading each industry will try to find a way to make it happen. As an activity, eSports began simply as groups of games lovers getting together to organise what became known as LAN parties that saw them stage friendly competitive battles over the latest video games. Now it is an industry that is reputed to be worth $900 million and that has proper leagues and tournaments that players enter to win. The growth of eSports looks unstoppable at the moment and by 2022, the global eSports profits are predicted to hit around $1.8 billion, compared with $130 million back in 2012. 

    This has blurred the line between eSports and normal sports, as many now view the former as a legitimate form of sporting activity, with the result that many in the sports betting world are looking into the possibilities for eSports betting. That is something that is already happening – as betting on eSports really got underway with what is known as ‘skin betting’ on Counter-Strike: Global Offensive. Most of this ‘skin’ betting on eSports is technically illegal though, with prominent gaming sites such as Valve banning it, so the eSports world is still waiting for legitimate gambling options. 

    The sports-book companies are showing a real interest in getting involved in it though, which is understandable given the rising profit margins, and this makes it likely that the eSports leagues and tournaments will become part of their betting offer. There is huge potential for money to be made within both industries if this happens, as the customers who currently bet on traditional sports are likely to become more interested in eSports if online bookmakers are taking bets on them. Equally, the sports bet sites themselves will open up another revenue stream. Betting is currently regarded by many eSports observers as an opportunity to be grabbed and it will surely be the online sports bet sites that are the ones to do so.

    The rise of the eSports industry is clearly interesting companies within the sports betting one as there is obvious potential for the two to join forces to lucrative effect. It hasn’t really happened yet, but it almost certainly will sooner rather than later

    Do You Want to Know More?

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous ArticleSecret Revealed: How VR Apps Can Change Everyday Life
    Next Article Nothing Says “Forever” Like Macabre Chocolates
    Nerd Voices

    Here at Nerdbot we are always looking for fresh takes on anything people love with a focus on television, comics, movies, animation, video games and more. If you feel passionate about something or love to be the person to get the word of nerd out to the public, we want to hear from you!

    Related Posts

    From Screenplay to Spectacle – That Is Why You Go-To VFX Company

    June 16, 2025

    Security Benefits of IT Support Services

    June 11, 2025

    MedTech Cybersecurity That Supports Faster Product Launch and Protection

    June 10, 2025

    Why the Ruko U11MINI 4K Is a Great First Aerial Drone for Beginners

    June 8, 2025
    Fumot Vape

    Vozal Vape vs Fumot Vape

    June 8, 2025

    5 Easy Ways to Make Your Website Template Look Custom-Made

    June 8, 2025
    • Latest
    • News
    • Movies
    • TV
    • Reviews

    The Future of Investing: Pre-IPO Stock Insights

    June 17, 2025

    Concrete vs. Asphalt: Which Driveway Material is Right for You?

    June 17, 2025

    Elevate Your Style Game with Effortless Elegance: The Magic of CurlyMe M Cap Wigs

    June 17, 2025

    The Top 5 Strangest Casinos in the World

    June 17, 2025

    Longest Day Of The Year: Effects Of The Summer Solstice 2025 On Zodiac Signs

    June 16, 2025

    Pedro Pascal NYC Lookalike Winner Works on “The Daily Show”

    June 16, 2025

    Official My Little Pony Coffee UNICORN POWERS Will Have You Feeling Magical!

    June 16, 2025

    Jason Coming to Universal Studios Halloween Horror Nights

    June 13, 2025

    “The Naked Gun” Sequel Gets New Official Trailer

    June 16, 2025

    Glenn Close, Billy Porter Join New “Hunger Games” Film

    June 16, 2025

    Kathleen Kennedy on Future of “Star Wars” at BFI Screening

    June 14, 2025

    David Lynch’s Family Wants to Publish His Final Work

    June 13, 2025

    “King of the Hill” Revival Gets Father’s Day Clip

    June 15, 2025

    What is BFDI (Battle for Dream Island)? An Interview With My Kid

    June 15, 2025

    Celine Song Developing Esports Drama Series “Damage” at HBO

    June 14, 2025

    Upcoming “Crystal Lake” Series Adds Three More to Cast

    June 13, 2025

    Official My Little Pony Coffee UNICORN POWERS Will Have You Feeling Magical!

    June 16, 2025

    Car Branding Solutions: Do’s & Don’ts to Promote Business

    June 13, 2025

    APPLEJACK’S Caramel Apple by JOYGROUND COFFEE is a Sweet Treat All Year-Round

    June 12, 2025
    “From the World of John Wick: Ballerina,” 2025

    “Ballerina:” Ana De Armas Shines in Fun, Violent Return to the World of Wick [Review]

    June 4, 2025
    Check Out Our Latest
      • Product Reviews
      • Reviews
      • SDCC 2021
      • SDCC 2022
    Related Posts

    None found

    NERDBOT
    Facebook X (Twitter) Instagram YouTube
    Nerdbot is owned and operated by Nerds! If you have an idea for a story or a cool project send us a holler on [email protected]

    Type above and press Enter to search. Press Esc to cancel.