What’s the state of esports in 2022? Stats point to a bright future

Esports has experienced a massive surge in interest and revenue over the last couple of years. Several popular brands are partnering with esports organizations and sponsoring online tournaments. Mobile-friendly gaming and live esports betting are also growing in popularity.

Esports has experienced a massive surge in interest and revenue over the last couple of years. Several popular brands are partnering with esports organizations and sponsoring online tournaments. Mobile gaming and live esports betting are also growing in popularity.

The revenue for the industry is expected to reach $5.7 billion in 2022. Newzoo reports that in 2019 the figure hovered around $950 million, while in 2020 it breached the barriers of a billion to gross a total of $1.1 billion.

In 2022, there will be 557 million viewers of competitive gaming. Daily video game traffic has more than doubled since the beginning of 2020. The number of concurrent viewers is expected to rise to 527 million in 2022.

The growth of the esports industry is mainly due to the introduction of live game streaming and a variety of broadcasting tools. The increased consumer interest has translated to an increase in sponsorships and media deals. Amazon is sponsoring the European Masters tournament, NASCAR is working with Allied esports and Mastercard is partnering with the League of Legends European Championship. There are 35 million prize pools for online gaming events. Asia-Pacific market is the largest of its kind, accounting for more than half the global viewership count.

Insider Intelligence reports that mobile-friendly games are the future of the esports industry. Mobile gaming accounts for 57 percent of $173 billion gaming market. Live betting is one of new revenue streams in the world of esports. Future partnerships between esports organizations and formally recognized betting forms can go a long way in institutionalizing live sports betting.