It seems that the world of esports is getting bigger with each passing year. What was once a hobby for video game enthusiasts has turned into a legitimate sport with hundreds of millions of fans all over the world.
Naturally, there’s a lot of money involved in this brand new industry. Apart from playing and watching esports, people can now even take bets on these events. Esports casinos are popping all over the web, and some of them can be found on the NJ Games website.
The prize pools for first gaming competitions weren’t as impressive as today. The winner of the first Space Invaders tournament held in 1980 got an actual Space Invaders machine. However, later on, organizers started to offer monetary prizes.
In 2005, a year-long CPL Tour had a total purse of $1 million, $500 thousand of which were reserved for the final. The 2018 Dota 2 championship broke the record with a staggering total prize pool of $25,532,177.
The revenue growth of esports has gone up as well. It was “only” $130 million in 2012, but it quickly grew to $335 million in 2017. The revenue will continue rising, and it might go over $1.3 billion by the end of 2021. This money accounts for everything from sponsorships, ticket and merchandise sales, licensing, media rights, and more.
Top esports players earn more money than a lot of athletes. Dota 2 players like KuroKy, N0tail, and Miracle- have each earned over $3.5 million during their careers. When it comes to team earnings, Team Liquid is currently holding the first place with around $24 million won on over 1400 tournaments played.
Gambling on esports has also become a thing in recent years. Approximately $5.5 billion was wagered on esports tournaments in 2016, and that number is expected to get doubled by 2020.
Many well-known brands recognized its potential and are investing in this new sport. Brands are expected to invest around $700 million in esports in the upcoming period.
To learn more about the rise of esports and where it’s heading in the future, check out our detailed infographic below.