- eSports will surpass the $1 billion revenue margin reporting $1.1 billion for 2019.
- Projections show that the eSports audience will see a 15% jump to at least 453.8 million around the globe for the year.
- North America comprises the largest eSports revenue with $409.1 million with sponsorships netting almost half of that number.
TALLAHASSEE, Fla. – A market not often spoken about is eSports and it’s growing at a very rapid pace. The Casino eSports Conference in Las Vegas is a two-day event that puts people from every aspect of eSports together in one room. This event is meant to inform those in the field as well as create relationships for future eSports business endeavors.
Over $9 billion in wagers has been collected in sports betting by 10 states since PASPA was overturned in 2018. The issue is that eSports was not included in these profits. The eSports market is expected to hit $1.8 billion by 2022 in profit revenue per the 2019 Global eSports market report released by Newzoo. It is expected to grow even further in the coming years according to the report.
Newzoo also notes that eSports is expected to be accepted by major sporting leagues within the next two years, and should be showing profits in the $13 billion range by next year. The conference will allow all those involved to get in on the eSports bandwagon before it becomes mainstream.
eSports Is The Wave Of The Future
Clarion Gaming organized the CEC Vegas which will include a panel of keynote speakers such as Take-Two Interactive’s Director, J Moses and Jonathan Wendel, a professional player in eSports. The event will cover topics such as forecasts in the market, the perception of betting on eSports, and an analysis of the market from its past through to its future.
“Esports’ impressive audience and viewership growth is a direct result of an engaging viewership experience untethered to traditional media,” said Peter Warman, Newzoo CEO. “Plenty of leagues and tournaments now have huge audiences, so companies are positioning themselves to directly monetize these eSports Enthusiasts.”
Developments within the eSports world which include new platforms and eSports franchising will only allow for viewership to increase with the advancement of the market. As eSports gains in popularity, their profit margins will continue to increase exceedingly fast. eSports brings an entirely new element to sports betting.
What To Expect At The CEC Vegas Event
The first day of the conference will include a networking mixer for all of those in attendance to discuss eSports and develop connections within the field. The second day will be filled with speaking events covering every angle of eSports by the professionals. The CEC Vegas will take place on September 4th and 5th at the Luxor Hotel and Casino in Las Vegas.
Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.