eSports is a new genre of online video gaming where individuals and teams play against each other on a big stage, either streamed online or in purpose-built stadiums with fans. It is just like any other athletic sport with a growing fanbase of avid gamers. Those who do make it to the top and play for the best teams can earn excessive amounts of money, and it has already made millionaire teenagers.
And just how you can buy shares in the world’s biggest sports companies, you can now buy shares in eSports teams and businesses. They’re a fantastic way to diversify your portfolio.
How fast is this growing?
Business Insider recently reported that eSports consumers are estimated to almost double over a six-year period from 2017 to 2023. There were approximately 335 million regular fans in 2017, which should stand around 646 million as of 2023. Most viewers come from Asia, with Scandinavia reported having the most extensive viewership in Europe. However, numbers are increasing across borders rapidly. You can read about the top 10 countries tweeting about eSports.
Accessibility has played a vital role in placing this activity in the mainstream. Platforms like Twitch and YouTube are proving essential for the teams, players, and competitions to get noticed. These figures are represented in investment growth across the industry too. In 2017, around $490 million dollars had been invested. Yet, just one year later, that figure rose to a staggering $4.5 billion.