SPONSOR: Esports Entertainment Group (GMBL:NASDAQ) – Millions of people from around the world tune in to watch teams of video game players compete with each other. In first quarter 2020, YouTube reported 1.1 billion hours watched, an increase of 13% when compared to fourth quarter 2019. Wagering on Esports is projected to hit $23 BILLION this year although that number will likely be eclipsed due to the recent pandemic. Esports Entertainment Group is the next generation online gambling company designed for the purpose of facilitating as much of this wagering as possible. LEARN MORE.
Interest in Esports Is booming!
- Esports is the fastest growing theme in the gaming sector
- Although eSports currently caters to a niche audience – almost 10 per cent of the global online population of around 4.5 billion – its reach is expanding rapidly
Esports is the fastest growing theme in the gaming sector. These organised multiplayer video game competitions have enjoyed spectacular growth over the last decade, with thousands of fans filling stadiums to watch live events and millions following them on streaming platforms.
Although eSports currently caters to a niche audience – almost 10 per cent of the global online population of around 4.5 billion – its reach is expanding rapidly.
GlobalData’s latest reSports eport states that the industry has proved largely immune to the Covid-19 pandemic due to its prompt transition into online formats and sudden spike in interest from traditional sports organisations, which pushed esports further into the mainstream and brought it to the attention of a wider audience.
Rupantar Guha, Senior Analyst of Thematic Research at GlobalData, commented: “Brands from a wide range of industries are investing in esports to reach a young demographic that is typically resistant to traditional advertising channels. The increasing involvement of non-endemic brands such as Coca-Cola and BMW is helping to legitimise eSports, as well as bringing in significant revenue.â€
Source: https://advanced-television.com/2020/05/11/report-interest-in-esports-booming/