Esports betting is one of the biggest gambling industries today, thanks to the sponsors and investors conducting million-dollar tournaments for professional players. However, there are events and trends that affect the industry. Let’s take a look at some of the biggest issues and events that shocked the esports world today:
Blizzard VS. Hong Kong
The quarrel between Blizzard Entertainment and Hong Kong supporters can ultimately affect your betting experience, especially in Overwatch. According to American magazine Business Insider, “Blizzard Entertainment, the company behind video games like "World of Warcraft" and "Overwatch," is under scrutiny for its decision to punish an esports player who voiced support for protesters in Hong Kong.”
With this, many fans around the world decided to trend the hashtag #BoycottBlizzard on Twitter. This has affected the gambling community. So, before you make predictions and strategies for the upcoming Overwatch, watch out for more news regarding these issues and check the market liquidity of the Overwatch market you want to bet on. Follow your favorite esports betting insider to keep yourself updated.
The Unexpected Boom In Esports Investments
Esports is facing an unexpected boom this year--and in the years before 2019. Analysts are then expecting the industry to reach greater heights in the next few years. According to Newzoo, an esports betting insider, “there are 173 million frequent viewers of esports and an additional 222 million occasional viewers today. By 2022, the esports total audience [might] reach 645 million, roughly double the entire population of the United States. These figures may suggest esports has already become a mainstream form of entertainment, though the industry is still seeking more effective audience monetization channels. Uncovering these monetization channels is likely a key factor in industry revenue and profitability going forward.”
Millennials And Gen Z Joining Esports Tournaments
If you’re a fan of rookie players when participating in esports betting, then you’d be glad to know that many organizations are now making an effort in providing esports platforms for University students. They’re looking for the next star player that can join LoL, DotA 2, CS:GO, or League of Legends. These organizations include Tespa, National Association of Collegiate Esports (NACE), and North America Scholastic Esports Federation (NASEF). The latest addition to the list is the Academic Esports Conference by LRP Media Group, the first of its kind, coming this year.
We’re expecting more events in the future as more Millennials and Gen Z are discovering the benefits of joining esports tournaments. It’s more than just money. Some want to pursue their dreams.