How Much Money Is In Esports?

A lot of people are curious about how much money is in esports. Here’s a breakdown of the industry and where the money comes from.

The History of Esports

Esports has been around for almost as long as video games themselves. The earliest known esports event was a ” Spacewar ” tournament held at Stanford University in 1972. The first real esports organization, Cyberathelete Professional League, was founded in 1997.

The Origins of Esports

Esports, or electronic sports, are a form of competition that is facilitated by electronic systems, typically video games. The term was first coined in the 1970s, but esports have only gained mainstream popularity in recent years.

Early examples of esports include “space war” competitions that were held at Spacewar! tournaments in the 1970s and 1980s. These tournaments were organized by students at Stanford University and MIT.

The first major esports tournament was held in 1980 at the Space Invaders Championship, which was organized by Atari. This tournament saw over 10,000 participants from across the United States compete for a grand prize of $10,000.

The popularity of esports has grown exponentially in recent years. The industry is now worth billions of dollars and there are professional teams and players from all over the world. The largest tournament to date is The International, which is organized by Valve Corporation and features the game Dota 2. This tournament has a prize pool of over $20 million.

The Growth of Esports

In recent years, esports has seen a tremendous amount of growth. What was once a niche market has now exploded into a multi-million dollar industry with millions of fans around the world. This growth can be attributed to several factors, including the rise of live streaming platforms like Twitch and YouTube, the popularity of mobile gaming, and the increasing prize pools for competitive tournaments.

With so much money flowing into the scene, it’s no surprise that some of the biggest names in traditional sports are starting to take notice. Numerous professional sports teams have begun to invest in esports teams, and big-name broadcasters like ESPN and TBS are now broadcasting esports events on their channels. With mainstream acceptance on the rise, it seems likely that esports will only continue to grow in popularity in the years to come.

The Business of Esports

Esports is a billion dollar industry with massive potential for growth. Players, teams, and leagues are all fighting for a piece of the pie. But how did esports get so big and how much money is really in it? Let’s take a look.

The Revenues of Esports

In 2018, the global esports economy generated $906 million in revenue, a 38% increase from the $655 million reported in 2017. The North American esports market is projected to grow to $1.65 billion by 2021.

There are a few key revenue streams for esports organizations. The majority of revenues come from sponsorships and advertising, which made up 70% of the total in 2018. Media rights brought in another 16%, while prize money and game publishers contributed 5% each.

The largest sponsorship deals in 2018 include:
– T-Mobile’s reported $7 million/year deal with 100 Thieves
– Jersey Mikes’ reported $2 million/year deal with OpTic Gaming
– Intel’s reported $6 million/year multi-team deal

The top advertisers in esports in 2018 include:
– Audi
– Gillette
– Coca Cola
– Oracle
– Logitech

The Expenses of Esports

The cost of entering the world of competitive video gaming can be expensive, and the cost only goes up from there. aspiring professional gamers need to factor in the cost of equipment, training, and competition fees when budgeting for their career.

Equipment:
A top-of-the-line gaming PC can cost anywhere from $800 to $2000. A mid-range PC will set you back around $500. Of course, you could always opt for a cheaper build, but you may sacrifice some performance as a result. You’ll also need a gaming chair, a comfortable desk, a second monitor, and other various accessories.

Training:
You’ll need to put in long hours of practice if you want to be a professional gamer. That means making time for at least 5 to 6 hours of gaming every day. You might also want to invest in some coaching services to help you hone your skills. Coaches can charge anywhere from $20 to $200 per hour.

Competition Fees:
There are fees associated with most esports competitions. These can range from a few dollars for online tournaments to hundreds or even thousands of dollars for major events. Some competitions will require travel expenses as well, which can add even more to the cost.

The Future of Esports

It’s no secret that esports is a rapidly growing industry. But just how much money is in esports? The answer may surprise you. Esports is still a relatively new industry, but it is already estimated to be worth around $1 billion. This number is only expected to grow in the coming years.

The Potential of Esports

The potential of esports is massive. In fact, it’s already a billion-dollar industry and is only expected to grow in the years to come.

There are a number of reasons for this growth. For one, there is a growing popularity of esports, with more and more people tuning in to watch professional gamers compete. This is thanks in part to the increasing accessibility of esports broadcasts, which are now available on a number of platforms including Twitch, YouTube, and even television.

Another reason for the growth of esports is the prize money involved. Esports tournaments can offer huge payouts, with the winners of some events taking home millions of dollars. This prize money is a big draw for professional gamers, and it’s one of the reasons why the best players can earn a very decent living from playing games.

Finally, there is also growing interest from sponsors and investors. Many companies see the potential of esports and are willing to put money into it through sponsorship deals or by investing in professional teams. This helps to further grow the industry and could lead to even more prize money and bigger events in the future.

So what does the future hold for esports? It’s hard to say for sure, but it looks like it could be very bright indeed.