How Much Money Can You Make In Esports?
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How much money can you make in esports? This is a question that is often asked by those looking to get into the industry. While there is no one-size-fits-all answer, there are some general guidelines you can follow to get an idea of how much you can make.
The Rise of Esports
In 2014, the global esports economy was worth $194 million. It is now worth over $1 billion and is continuing to grow at a rapid pace. With the rise of live streaming platforms like Twitch and YouTube Gaming, more people are being exposed to esports than ever before. So, how much money can you actually make in esports?
The global esports economy will reach $1.1 billion in 2019
The global esports economy will reach $1.1 billion in 2019, up 27 percent from last year, according to the latest report from Newzoo.
This growth is being driven by a surge in investment from brands, which are pouring an estimated $694 million into the esports industry this year. This figure includes direct spending on sponsorship, advertising, and media rights, as well as indirect investments through game publishers and tournament organizers.
Brands are attracted to esports because of its passionate and engaged fanbase. According to Newzoo, there are now 2.2 billion gamers across the globe, with 46 percent of them tuning into esports on a regular basis. This audience is also young and affluent: The average esports viewer is aged 34 and has an annual disposable income of $107,000.
With such a large and desirable audience, it’s no wonder brands are willing to pay top dollar to sponsor teams and events. In fact, spending on esports sponsorship is expected to reach $456 million in 2019, up from $333 million last year.
A lot of this money will go towards supporting the professional teams that compete in tournaments around the world. These teams are increasingly attracting big-name investors, with several high-profile organizations such as the NBA’s Portland Trail Blazers and MLB’s Washington Nationals owning stakes in recent years.
And as more money flows into the scene, prize pools for major tournaments are only getting bigger. The biggest event of the year is The International, which features Dota 2 and comes with a prize pool of over $30 million. This figure doesn’t even include additional revenue from merchandise sales and in-game microtransactions
The number of esports enthusiasts worldwide will reach 453.8 million in 2021
The global esports audience will reach 453.8 million this year, up from 430 million in 2019, according to a new report from market intelligence firm Newzoo.
This represents year-on-year growth of 5.7%, which is slightly higher than the 5.5% growth the firm had forecast for the esports industry back in October.
The rise of esports has been driven by the popularity of streaming platforms such as Twitch and YouTube, as well as the increasing availability of online and offline tournaments.
As a result, the global esports economy is expected to hit $1.1 billion in 2020, up from $865 million in 2019. This figure is expected to grow to $1.8 billion by 2023.
Of this $1.1 billion, $694 million will come from sponsorship deals, while $349 million will come from media rights and $167 million will come from prize money.
How Much Money Can You Make In Esports?
Though there is no one answer to this question, we can provide some general insights based on the available data. The amount of money you can make in esports varies widely and depends on a number of factors, such as your game, your role within the team, and your country of residence. That being said, the top earners in esports make millions of dollars per year.
The average salary for an esports athlete is $60,000
Many people are interested in getting into esports, but they may not realize just how much money professional gamers can make. The average salary for an esports athlete is $60,000, but the top earners can make millions of dollars per year.
The best way to make money in esports is to win tournaments. The prize money for these events can range from a few thousand dollars to over a million dollars. The top earners in esports are typically the players who have won the most tournaments.
In addition to tournament winnings, many professional gamers also earn a salary from their teams. The average salary for a player on a major league gaming team is $3,000 per month. However, the top players can earn millions of dollars per year from salaries, sponsorships, and endorsements.
The highest-paid esports athletes make over $1 million per year
The highest-paid esports athletes make over $1 million per year, with the majority of that income coming from sponsorships and prize money. The top earners in esports are typically signed to professional teams, which provide a salary and access to practice facilities. The best players in the world can also earn revenue from streams and content deals.
The Future of Esports
With the rise of popularity in Esports, more and more people are wondering how much money they could make if they pursue a career in it. While the answer may depend on a number of factors, the potential for earnings is definitely there. In this article, we’ll dive into how much money you can make in Esports.
The global esports economy is expected to reach $1.8 billion by 2022
With the global esports economy expected to reach $1.8 billion by 2022, there’s big money to be made in competitive gaming. But just how much can you earn as an esports professional?
The answer, unfortunately, isn’t so simple. While the top earners in esports can make millions of dollars per year, the vast majority of players earn a much more modest wage. And as with any profession, your earnings as an esports player will depend on a number of factors, including your skill level, the games you’re good at, and which tournaments you’re able to compete in.
That said, here’s a look at some of the biggest factors that will affect your earnings as an esports player:
Your skill level: Unsurprisingly, the better you are at playing video games, the more money you’re likely to make as an esports professional. The very best players in the world can earn millions of dollars per year from prize money and sponsorships, while more modestly skilled players may only earn a few thousand dollars.
The games you’re good at: Different games offer different levels of prize money and sponsorship opportunities. For example, Dota 2 and Counter-Strike: Global Offensive (CS:GO) are two of the most popular esports games and both offer large prize pools for tournaments. On the other hand, games like Overwatch and Rocket League don’t have quite as much prize money available but may offer more opportunities for sponsorship deals.
Which tournaments you’re able to compete in: The vast majority of professional esports players compete in online tournaments which anyone can enter. However, the biggest and most lucrative tournaments are offline events that typically require an invitation to compete. For example, The International is one of the biggest Dota 2 tournaments in the world with a prize pool of over $30 million. However, only 18 teams are invited to compete in this event each year with no qualification process for smaller teams. This means that if you’re not already on one of these top teams, it can be very difficult to break into these bigger tournaments
The number of esports enthusiasts worldwide is expected to reach 646 million by 2023
The global esports market is expected to reach $1.79 billion by 2022, up from $865 million in 2018, according to a report by market intelligence firm Newzoo. The number of esports enthusiasts worldwide is expected to reach 646 million by 2023, up from 395 million in 2017. The total number of esports viewers will reach 1.13 billion by 2023, up from passionate 785 million in 2017. These figures exclude those who watch occasional esports broadcasts or events.
With the backing of deep-pocketed investors and major sports leagues, esports has been on the rise in recent years. More and more people are becoming interested in competitive gaming, and as a result, the industry is starting to attract more mainstream attention.
As the esports industry continues to grow, so too does the potential for players to make a living off of playing video games. While there are many professional gamers out there who are able to make a comfortable living, there are still relatively few who are able to make a truly substantial income.
The vast majority of professional gamers make the bulk of their money from sponsorships and tournament winnings. In fact, only a small handful of players are able to make a living purely off of streaming their gameplay on platforms like Twitch and YouTube.
However, as the popularity of competitive gaming continues to increase, it’s likely that more and more professional gamers will be able to make a living off of their passion for playing video games.