Do you want to know what lies ahead for the future of the booming Esports betting industry? Keep reading as you’re in luck; the team at Uplatform knows a thing or two when it comes to Esports. 

As far as Esports betting is concerned, Uplatform is offering a wide variety of Esports betting options and content, their massive sportsbook has also been compiled with plenty of information about Esports and its participation when it comes to betting, from playing activities to preferences, which they have shared some fascinating insights in this article.

Esports is no longer considered some kind of niche, major sports betting companies provide Esports as part of their staple sportsbook offering, Esports is right alongside the likes of football, baseball and hockey. Industry reports suggest that Esports will reach 577.2 million individuals by 2024, up from 474 million in 2021. Over the next few years, many predict  that Esports matches will reach a staggering $16 billion. A number of factors, such as the demand for more entertainment online and the rising number of people adopting technology, have contributed to the overall growth of online betting.

Expectations

There are a number of compelling reasons why this industry is anticipated to grow and continue to rise. Younger generations are expected to quickly translate their playing love to Esports betting, making this market one of the most dynamic sectors.

Esports is also seeing a huge investment boom, giving us even more reason to believe the future for this industry is one of solid growth. At the halfway point of 2020, over $1.1 billion had already been invested. This kind of investment could push Esports revenues to more than $2.5 billion in 2022 if this kind of investment continues.

”Esports betting in 2021 was a real eye-opener for our team. There was over 170% growth in the Esports sector even with most tournaments and championships being canceled. The stats in 2021 show that Esports is attracting an increasing number of bettors and our team expects these to rise even further in 2022.” – Uplatform Esports Division

The most popular games

CS:GO, Dota 2, and League of Legends are at the top of the list when it comes to popular Esports for betting. Uplatform said: “The number of League of Legends players has increased significantly over the past year, from less than 10%.”

According to Uplatform, Age of Empires has really shot up the popularity charts, interest has grown significantly since the new release. Even though there have not been many tournaments for Quake, StarCraft II and Quake are among the most popular betting games out there.

Uplatform’s experts believe WarCraft III, which is one of the most well-known Esports, has suffered the greatest drop in popularity because of the lack of promotion from the games developer. One thing that cannot be said about Valorant, which confidently displaced Rainbow Six from second place. Its popularity is a result of the backing of the games developer, which resulted in several high-level tournaments taking place.

Esports Bettors

Esports betting is a lucrative industry, but who is placing bets on Esports? One of the most interesting details about this industry, though, is that its market audience is more diversified than that of other forms ofbetting. Esports betting is typically portrayed as a sport for young gamers, but Esports actually attracts a wide range of people.

According to Uplatform statistics, just 4% of bettors who place Esports wagers are female. 75% of these bettors are between the ages of 23 and 25. But taking into account current trends, Uplatform predict that in the coming years, women will make up about 15% of the Esports betting market.

Asia and the CIS region are the most active regions when it comes to betting on Esports. Esports have grown by 20% in Latam in 2021, compared with recent years.
 

Influencing factors

One of the reasons for the growth in betting on sports since 2020, was the cancellation of many sporting events. Esports tournaments provided an opportunity to bet on the action during a difficult time when most traditional sports betting was unavailable. There is a lot in common between betting on traditional sports and Esports betting, which made it an easy transition for gamblers used to betting on more traditional sports.
 

The professional gaming industry has also become more accessible to a much larger audience with the likes of streaming services such as YouTube Gaming and Twitch. The ease of access and availability of these services has greatly influenced the overall growth and popularity of Esports. Furthermore, professional gaming has raised the profile of the industry and helped bettors identify the most successful teams. With this information, bettors are able to make better betting decisions by having a deeper understanding of matches and the teams.

If your sportsbook is not profiting from the expansion of Esports betting. Then it might be worth considering talking to the Uplatform team to ensure you are not missing out on that massive Esports slice of the global sports betting market.

Uplatform has the game covered in Esports betting, from crucial data and playing behaviors to what’s hot. To deliver the most up-to-date coverage, their Esports division is constantly scouting for the latest and greatest content and revamps their Usports sportsbook offering accordingly. Uplatforms comprehensive platform provides great versatility to flourish in any market thanks to its diverse coverage of events, tools, and localization possibilities.