GITNUX MARKETDATA REPORT 2024

Esports Betting Statistics: Market Report & Data

Highlights: The Most Important Esports Betting Statistics

  • The esports betting market is projected to hit nearly $17.2 billion (£13.05 billion) in total wagers in 2021.
  • The average esports bet placed on GG.BET, a popular esports betting platform, in 2020 was approximately $16.
  • 69% of esports viewers on Twitch are likely to bet on esports, according to a survey conducted in 2019.
  • The esports global gambling revenue is projected to double to $14 billion by 2020.
  • About 50% of the esports market revenue in 2020 came from sponsorship and advertising related to esports betting.
  • Estimates suggest there are 1.8 billion esports gambling players worldwide in 2020.
  • 62% of online bettors in 2020 admitted to betting on esports because they couldn't bet on traditional sports due to the pandemic.
  • Mobile eSports betting witnessed more than 100% growth in 2020, especially during pandemic lockdowns.

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The dynamic world of Esports has not only revolutionized the gaming industry but also opened a new frontier in the betting scene. A deep dive into Esports betting statistics reveals fascinating trends and patterns that are shaping this rapidly evolving landscape. This blog post will provide an in-depth analysis of these statistics, looking at variances in betting habits across different games, the global distribution of bettors, yearly turnover, and many other intriguing facets of Esports. Whether you’re a gaming enthusiast, a seasoned bettor, or just curious about the phenomenon that is Esports, these statistics offer priceless insight into a booming sector teetering on the edge of mainstream acceptance.

The Latest Esports Betting Statistics Unveiled

The esports betting market is projected to hit nearly $17.2 billion (£13.05 billion) in total wagers in 2021.

The projection of the esports betting market surging to an impressive $17.2 billion in total wagers in 2021 holds a paramount importance in understanding the burgeoning dynamics of this sector. This eyepopping figure not only symbolizes the breakneck growth and mass appeal garnered by esports betting over recent years, but also articulates its burgeoning prominence in the global betting landscape. Anchored in a blog post about Esports Betting Statistics, this number provides invaluable insights into the scale and profitability of the esports betting industry, forging a tangible link between the rapid rise of digital gaming and betting behaviours. It also sets the scene for future trends, long-term market projections and the potential for stakeholders to drive forward industry growth and innovation.

The average esports bet placed on GG.BET, a popular esports betting platform, in 2020 was approximately $16.

Shining a spotlight on the raw numbers, consider the intriguing fact that in 2020 the average esports wager placed on GG.BET, a globally acclaimed esports betting platform, was around $16. As the world of esports continues to catapult its way into the mainstream, this figure adds a layer of depth to our understanding of the typical bettor’s engagement level. It gives us a tangible benchmark for the average financial stake that bettors on GG.BET were willing to risk in 2020. Seducing us with its simplicity, this statistic subtly underscores the growing financial importance of this emerging market, hence serving as a powerful indicator of the industry’s current scale and potential growth trajectory.

69% of esports viewers on Twitch are likely to bet on esports, according to a survey conducted in 2019.

Unveiling the potential of esports as a mammoth betting industry, the 2019 survey illustrates that a lion’s share of Twitch viewers, close to 69%, are inclined towards placing wagers on esports. This impressive figure not only endorses the growth of digital gambling, but it also underlines the compelling engagement of viewers in this tectonic shift in sports betting. As the popularity of esports escalates, so does the possibility of these viewers becoming active bettors, indicating plentiful financial opportunities for betting platforms, game developers, and even for diverse investment strategies within the esports arena. Consequently, the implications of this statistic are significant to recognize for those navigating the rapidly evolving landscape of esports betting.

The esports global gambling revenue is projected to double to $14 billion by 2020.

With a forecasted leap to $14 billion by 2020, the growth of global esports betting revenue is a testament to the burgeoning popularity of esports and its progression towards mainstream acceptance. In the realm of digital competition, where virtual realms become battlefields and pixels transform into gold, this seismic shift in revenue underscores the increasing confidence and investment consumers are placing on esports. Emphasizing the increasing credibility of the industry, this notable prediction offers insight into a growing, dynamic market—augmenting the broader discussion of the post about esports betting and illustrating the immense, untapped potential that awaits exploitation by pioneers in the field.

About 50% of the esports market revenue in 2020 came from sponsorship and advertising related to esports betting.

Shining a spotlight on the crucial role of sponsorship and advertising, it’s fascinating to note that nearly half of 2020’s esports market revenue was generated from these avenues, specifically from esports betting. This statistic serves as a testament to navigating the sheer magnitude of this relatively new, yet explosive domain. Armed with this data, it’s crystal clear how integral betting has become in not just contributing to, but also shaping the contemporary esports landscape. Thus, the impetus of comprehending the dynamics of esports betting is further underscored, marking an interesting shift in where and how the online gaming industry is drawing its dough, making it a game-changer in any discussion about Esports Betting Statistics.

Estimates suggest there are 1.8 billion esports gambling players worldwide in 2020.

Highlighting an estimate of 1.8 billion esports gambling players worldwide in 2020 provides a compelling insight into the colossal scale of the esports betting industry. It paints a clear picture of a booming global phenomenon and implies an enormous potential audience base for businesses in this sector. The volume of players signals the enticing economic potential and a vibrant, rapidly growing market that stakeholders, whether they be marketers, investors, developers, or betting operators, cannot afford to ignore. With such a sizeable consumer base, the figures also underscore the need for comprehensive regulation and responsible gaming practices. The statistic is thus a snapshot of the esports betting scene- its present dynamism, future promise, and the challenges it faces.

62% of online bettors in 2020 admitted to betting on esports because they couldn’t bet on traditional sports due to the pandemic.

In a landscape where traditional sports betting took an unexpected hiatus, the adaptability and resilience of bettors sprang to the forefront, with a clear shift in focus to esports. The interesting statistic that 62% of online bettors in 2020 switched their stakes to esports serves as a fascinating testament to the emergent popularity and potential growth of this digital sector. This pivot not only underlines the adaptability of bettors but also illuminates the increasingly mainstream status of esports in the world of gambling, adding crucial insight to the larger narrative of esports betting statistics.

Mobile eSports betting witnessed more than 100% growth in 2020, especially during pandemic lockdowns.

Highlighting the booming statistic of Mobile eSports betting which witnessed a blistering over 100% growth in 2020, precisely during the pandemic lockdowns, offers a striking snapshot into the escalating dynamism and popularity of Esports betting arena. Turbulence in traditional sports during the pandemic effusively shifted fans and bettors towards esports, with a staggering amount preferring the convenience of mobile platforms, thereby illuminating the monumental potential and profitability that digital gaming spectrum and Esports betting encapsulates. This exceptional upswing not only juxtaposes the burgeoning consumer shift to mobile technology in betting habits but also underscores the resilient and adaptable nature of the Esports betting industry in challenging times.

Conclusion

The rapidly evolving field of esports betting underscores a significant economic trend, characterized by shifting consumer preferences and technology-driven innovation. Analyses of betting statistics indicate a burgeoning market, with an increasing number of bettors drawn to the excitement of esports. Dynamic odds, diversity of the games, and a global player base contribute to the appeal of this market. These statistics illuminate not just the current esports betting scene but also provide insights into future trends. As the industry continues to integrate advanced technology and analytics, esports betting is poised for significant growth, presenting businesses and potential investors with promising opportunities for expansion and returns.

References

0. – https://www.www.gamesindustry.biz

1. – https://www.www.gamblerspost.com

2. – https://www.www.bbc.co.uk

3. – https://www.www.igamingbusiness.com

4. – https://www.www.businessofapps.com

5. – https://www.www.businessinsider.com

6. – https://www.www.esportstales.com

7. – https://www.www.cnbc.com

FAQs

What is esports betting?

Esports betting is similar to traditional sports betting, with the difference being that instead of betting on physical sports like basketball or football, bets are on competitive video gaming or esports.

Is esports betting legal?

The legality of esports betting depends on the jurisdiction. Some regions like the United Kingdom have legalized esports betting, while others have not. It's crucial to check and understand the local laws and regulations before engaging in esports betting.

How does esports betting work?

Esports betting works like any other form of sports betting. You can bet on various outcomes, for example, the eventual winner of a match, the team to score the first point, or the team to reach a certain score first. The specifics depend on the game in question and the rules of the betting platform.

What determines the odds in esports betting?

The odds in esports betting are determined through a combination of historical performance of teams, their recent form, head-to-head outcomes, and other statistical data. They can also be affected by the perceived popularity of teams among the betting public.

How can one increase their chances of winning in esports betting?

Like other forms of betting, careful study, and understanding of the teams, the game, recent performances, and betting odds can increase one’s chances of winning. It's also beneficial to follow news and developments in the esports world. However, it's important to note that betting always involves risk, and there's never a guaranteed win.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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