The esports industry has become one of the highest-grossing industries in recent years, making millions of dollars each year and boosting the development of the gaming industry and new technologies. However, a side of the esports industry is not usually discussed: the relationship between the esports industry and the world of online betting. In the following article, this is why we will discuss how online betting has influenced the competitive gaming world.
Origins Of ESports Betting
Nowadays, anyone can find betting sites with bet app download links and use them to start betting for their favorite esports team. However, it wasn’t always this way. For a long time, e-sports were not considered a sports discipline, so apart from some bets on local tournaments, the esports industry was relatively small and is limited to the most die-hard fans of fighting video games like Street Fighter or Tekken.
However, this would radically change thanks to League of Legends. The incredible popularity of this game in South Korea would lead to the creation of more established professional players and teams, making fans cheer and bet for their favorite team’s leading to the rise of betting on significant events like the League of Legends World Championship.
The Effect of E-Sports Betting on the Industry
The esports events and the companies hosting them would see an increase in their incomes thanks to the sports betting market and the increase of popularity in professional gaming. This increase would affect the quantity of the prizes in esports events, making them much more significant and attracting more dedicated players who would train for competitions of DOTA, Counter-Strike, FIFA, Street Fighter, Valorant, and more.
The rise in popularity of esports events would affect gamers and the companies that develop the games themselves, as they would see a considerable increase in sales and advertising from these events. This would cause many companies such as Riot, Activision Blizzard, or Bandai Namco to prioritize the competitive aspect of their games.
E-Sports And The Betting Market Right Now
The esports industry is in its best moment with the total return of face-to-face events and the rise of new competitive games like Fortnite, Valorant, Call of Duty, and Apex Legends. The sports betting side is also doing pretty well, with more betting sites allowing you to bet on games like LOL, DOTA, Counter-Strike, or Valorant; some sites will even allow you to watch the games live on your phone while you support your favorite team.
