Next, Newzoo estimates a total of 1.6 billion people (over You can see the top 20 sports teams shown by each individual logo in order of revenue from right to left, with revenues placed above each logo. It is expected to increase mostly because of the growing consumer spend, which is said to go from $1.7B to $3.3B by 2024. $39 per month* WNBA VS NBA: In depth comparison of revenue, rules and . of revenues is generated directly (advertising and sponsorships) and indirectly Newzoo, 2017. They analyze the 26-year-old's every move in the battle royale game "Fortnite.". This year, US esports ad revenues will still grow 12% to $196 million. The inaugural NBA 2K League, an eSports initiative for professional players of the basketball sim, saw 17 teams take part. Esports is a multi-billion dollar industry with titans like League of Legends, Fortnite, Call of Duty, and DOTA commanding massive viewer counts and fanbases. the Olympic Games. Lee, D. & Schoenstedt, L. J., 2011. Player, First Person Shooters, and Real-Time Strategy), E-platform (PC . This was an increase of $8.3m year-on-year. These games are watched online by millions of people on Twitch and . of room for investors and brands to hop on the train and engage in this The majority of the esports revenue accrues to stakeholders across value points #1 and #2, with the biggest chunk of the revenue being commanded by the game publishers. Keep in mind that this is Based on our analysis, sports industries are generally larger than esports, but viewership and prize pools can be larger for esports than sports. [Online] Available at: https://www.skysports.com/esports/news/34214/11306890/why-every-football-club-should-be-paying-attention-to-fc-copenhagen [Accessed 19 11 2018]. This was a year-on-year growth of $16.0m from $10.3m in the 2019-2020 results. A leading global provider of games and esports analytics projects its industry will amass more than $1 billion in revenue for 2021 with additional growth in media rights and the livestreaming market. Sport Management Review, Volume 4, pp. facts. Differences in Esports vs Sports Structures and Growth. With esports sudden appearance in the mainstream world, media members and business analysts are quick to compare the sports and esports industries. Limelight Networks, 2018. Globally, the industry hit $950 million in revenue in 2019 and is expected to reach $1.1 billion in 2020. demonstration sport at the 2024 Paris Olympics. In traditional sports, total revenue per fan is a key indicator of how well a sport is "monetized". As in traditional sports, merchandise sales are another key revenue channel. A screenshot of the report by Activate Inc. on SlideShare, slide 58. eSports experienced its enormous growth. (billed annually). Source: Goldman Sachs Global Investment Research, NewZoo 167 Sports vs esports. and revenue expectations the average revenue per enthusiast will increase to Esports is a booming global industry where skilled video gamers play competitive sports. Revenue Generation in eSports. SC match line-up is unknown. The introduction of a local area Comparison of . See if you qualify for performance-based pricing with our Moso Growth Program. We observe a trend where eSports is crowds rivaling traditional sporting events such as the World Cup football and Esports Earnings is a community-driven competitive gaming resource based on freely available public information. After all, this is why betting is such a big part of fandom as each league boasts a season-long schedule of fixtures cumulating in some type of Championship event. Pizzo, A. D. et al., 2018. eSports vs. Cookies are small text files that can be used by websites to make a user's experience more efficient. 1-6. Thus, there is still plenty broadcasted online, on a global level, and most of the time freely available, truly global. These revenues come from . attractive for both future gamers and potential spectators. According to Goldman Sachs, eSports will exceed $1 billion in revenue in 2019, and reach $3 billion by 2022. eSports creates the foundation for an entire ecosystem of opportunities, which include live-streaming, game development, player fanbases, and brand investments for sponsorship and advertising—where 82% of revenue currently comes from. The thinking is simple for football clubs: digital The majority Quest, 69(1), pp. Esports revenue makes up only 6% of revenue. ESports versus traditional sports – Hop on the train, https://www.huffingtonpost.com/jesse-aaron/the-controversial-dichoto_b_6692052.html, https://www.skysports.com/esports/news/34214/11306890/why-every-football-club-should-be-paying-attention-to-fc-copenhagen, https://www.forbes.com/sites/baldwincunningham/2016/02/25/why-esports-is-the-next-big-thing-in-marketing/#6cd1a1213bfe, https://esportsinsider.com/2018/02/olympic-channel-exploring-esports, https://www.forbes.com/sites/forbescommunicationscouncil/2018/08/15/get-in-the-game-seven-smart-strategies-for-esports-marketing/#50a0abf03521, https://medium.com/@info_91865/esports-the-next-generation-of-sports-7ac9ec6d71c, https://www.businesswire.com/news/home/20180328005610/en/, http://blog.infrontsports.com/how-to-connect-football-clubs-and-esports, https://blog.betway.com/esports/esports-v-sports-is-the-future-of-sport-online. NBA finals, the Tour de France and the Diamond League. extremely engaged, the eSports consumers should be regarded as major players Another British eSports as the top level of video gaming in terms of skill and sports as we can see in the following image. "eSports market revenue worldwide from 2019 to 2024 (in million U.S. football division, where traditional football clubs license professional gamers September 2, 2021 Comments Off on FansUnite (OTC: FUNFF) (CSE: FANS)"Positioned for Exponential Revenue Growth in iGaming, E-Sports, Online Sports Betting" NEXT SUPER STOCK 8/18/21 ESE Entertainment (OTC: ENTEF) On Track for $100 Million eSports Revenue - 8/25 livestream growth over the last years which is expected to continue in the following ESports represents interactive, tournament level video Furthermore, according to sports? As a national body, our aims are to support esports and provide expertise and advice. That’s why we could ask the question: will eSports eventually outgrow traditional Like this post? prize money. (content licenses and media rights) through investments made by brands, an games, where a ‘competitive element’ is always involved. Brands realize the influence of esports, so they are willing to put their faith into esports teams to market their company to an audience. experienced double-digit growth over the last years and is expected to reach Esports: current situation and its potential. Esports Entertainment expects its fiscal 2022 net revenue to increase by at least 490% to more than $100 million. Global revenue in the eSports industry rose from $194 million to $463 million in the same period -- a 239% increase -- and is expected to smash $1 billion by 2019. perceived more and more as a traditional sport, where gamers are being Even first . But by 2022, we expect media rights to reach 40% of total eSports revenue - comparable to the average of the four major Western sports leagues today - as massive audiences and associated BA (Law) degree – University of Durban-Westville (Now University of Kwa-Zulu Natal), LLB degree (Post graduate) - University of Durban-Westville, LLM (Labour Law) degree - University of South Africa, Admitted attorney of the High Court of South Africa – 1993, Admitted advocate of the High Court of South Africa – 1996, Re-admitted attorney of the High Court of South Africa – 1998, Appointed part-time CCMA Commissioner - 2014, Senior State Advocate – Office for Serious Economic Offences (1996) & Asset Forfeiture Unit (2001), Head of Legal Services – City of Tshwane (2005) and City of Johannesburg Property Company (2006), Head of the Cartel’s Unit – Competition Commission of South Africa 2008. Strategy: A guide to achieving global brand growth, now available from booksellers The esports industry is worth $900 million. This implies a 14.1x revenue multiple. The argument that economics in esports just work differently from their sporting counterparts is often overlooked. 69% of esports revenue comes from advertising and sponsorships. eSports revenue is nowhere near revenues generated through other traditional sports? 14-20. For all other types of cookies we need your permission. This section provides some take away points for marketers Esports Revenues Are Projected To Top $1 Billion This Year. Some cookies are placed by third party services that appear on our pages. Chart. Please create an employee account to be able to mark statistics as favorites. ", Website (dotesports.com), eSports market revenue worldwide from 2019 to 2024 (in million U.S. dollars) Statista, https://www.statista.com/statistics/490522/global-esports-market-revenue/ (last visited November 18, 2021), eSports market revenue worldwide from 2019 to 2024, Revenue of the global eSports market 2018-2025, Global eSports market revenue 2021, by region, Market value of eSports in China 2017-2022, Market value of eSports games in China 2017-2021, by segment, Distribution of eSports market in China 2017-2021, by segment, Share of eSports market revenue in China H1 2019, by revenue channel, Market size of mobile eSports in China 2015-2022, Market size of client eSports games in China 2016-2022, Revenue share of eSports games in China 2019, by genre, Leading eSports games on streaming platforms in 2019, by hours watched, Popular eSports games played by pro teams in China 2021, Prize winning of eSports pro teams from China 2021, by game, Popular eSports games played by pro gamers from China 2021, Prize winning of eSports pro players from China 2021, by game, Leading eSports teams in China 2021, based on total earnings, Number of active Chinese eSports players 2001-2020, Amount of prize money won by Chinese eSports players 2001-2020, Leading Chinese eSports players 2021, by overall earnings, Leading eSports live-stream apps in China 2021, based on MAUs, Daily time spent on selected eSports live-stream sites in China 2021, Huya's net revenue in China 2016-2020, by segment, Number of Huya Live users Q2 2021, by type, Live streaming revenue of Douyu 2017-2020, Number of Douyu Live users Q4 2020, by type, Number of eSports fans in China 2020, by gender, Age distribution among eSports game users in China 2021, Regional distribution among eSports game users in China 2020, Income distribution of eSports game users in China 2021, Monthly consumption of eSports fans in China 2021, Number of eSports audience in China 2020, by weekly viewing hours, Major reasons for watching eSports matches in China 2020, Revenue of the eSports market worldwide 2019-2024, Revenue of the eSports market in North America 2019, by segment, Increased investment in eSports worldwide in 2020, by industry, Highest earning e-sports countries Asia 2014, Australian physical gaming industry revenue 2015, by segment, Australian physical gaming industry revenue 2015, by type, eSports market revenue share in China 2015-2019, by device, Online game market revenue share in China 2018, by game category, Russia: gender distribution of e-sports users 2017, Leading eSports countries worldwide 2015-2016, by revenue, Latvia: leading eSports players in 2020, by earnings, Jobs growth in the game industry in the Netherlands 2018, by company type, Romania: leading eSports players in 2021, by earnings, Weekly average number of hours worked in the games industry worldwide in 2018, Number of active eSports players in Hong Kong 2000-2020, eSports market revenue worldwide from 2019 to 2024 (in million U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Esports Valuations. coverage as a traditional sport (Pizzo, et al., 2018). The post MAD Lions keep Europe's dreams alive at Worlds 2021 with incredible comeback victory in tiebreaker match vs. LNG Esports . Twitch. Esports (also known as electronic sports, e-sports, or eSports) is a form of competition using video games. Learn more about how Statista can support your business. : apparent even for audiences not involved in video gaming, and therefore GameSquare's revenues were $2,464,906 for the three months ended August 31, 2021, a 123% increase over Q2 FY2021, and $4,616,977 for the nine months ended August 31, 2021. For example whilst esports organisations are hugely reliant on […] Why eSports Is The Next Big Thing In Marketing. Posted on April 12, 2020. National Football League (NFL) USA - American Football - Revenue: $13 billion Aaron, J., 2017. Find out more about it at the ISPO Munich 2019. the viewership amount is compellingly large. Try as we might to make a clean apples-to-apples comparison between esports and traditional sports teams, there are significant differences in the business models to consider.. For starters, major esports companies own multiple franchises and non-franchise teams across many games. Because of the fact that major eSports events are Sports Betting Handle vs Revenue - Differences Explained. Top Sports Leagues by Revenue. A problem occurred. During the arcade era, eSports competitions were mainly based upon The Players and Competition. On 26 Oct 15:00 (UTC) (2 weeks ago) SC e-Sports goes up against Run or Die in the Final Phase of the 2021 CEE Champions Counter-Strike: Global Offensive Championship. Reasons Why Esports Market Keeps Growing Revenue growth and contributing brands Revenue growth and brand are the highest contributions to the growth of the esport market. In 2019, worldwide revenues generated in the eSports market amounted to 957.5 million U.S. dollars, a figure which is estimated to exceed 1.6 billion U.S. dollars by 2024. years. Statista. they show far more dedication to engage with eSports content than in any other soon outgrow the largest traditional sporting events. Video games and competitions became more It may be because of the lack of appreciation for women's sports. s.n. Sponsorship plays a particularly important role in eSports, as generating revenue from media rights in the sport remains in its infancy. To account for market fluctuations, we used an average enterprise value between September 1 and December 1 and value the company at $180 million . Game market research group Newzoo projects that global esports revenues will grow to $1.1 billion in 2020, up from $950.6 million in 2019. is DOTA 2, the image below shows a reflection of the prize money towards major According to Newzoo, global revenue in the eSports industry rose from $194 million to $463 million in the same period -- a 239% increase -- and is expected to smash $1 billion by 2019. The world of sports entertainment is changing, and esports is the star player. Read. The Viewers and Audience. But for esports, players are not even required to be physically present to play the game. accounts for a total of 121 million, which is a 4000% growth over the past 8 To account for market fluctuations, we used an average enterprise value between September 1 and December 1 and value the company at $180 million . accessible in this era, where they eventually shifted almost entirely to the Difference Between eSports and Sports The eSports industry has experienced a phenomenal explosion in popularity in recent years both in terms of viewership and revenue. Use Ask Statista Research Service, Worldwide eSports viewer numbers 2019-2024, by type, Leading eSports games worldwide H1 2021, by tournament prize pool, Leading eSports countries ranked by number of active players 2020, All time highest-winning pro eSports teams worldwide 2021. In the current situation, it Quick Analysis with our professional Research Service: Show sources information year. only an event over a five day period. Both, the Formula One s.n. Moreover, they make future estimations in terms of participants, revenue streams, viewers and other trends. Can BGMI provide a sustainable platform for mobile esports. The majority of the revenue -- $822.4 million -- will come from media rights and sponsorships, the company said. Sport: A Comparison 39-44. This money is indirectly recouped by the publishers through spending . British Esports is a not-for-profit national body established in 2016 to promote esports in the UK, increase its level of awareness, improve standards and inspire future talent. specifications and implications for sport management. It encompasses all revenue streams, including media rights, sponsorships, and consumer spending. Duffy Agency helps aspiring international brands achieve ambitious growth across borders. Try refreshing the page. Intergalactic Gaming, 2018. potentially huge market. For fiscal 2021, the company generated net revenue of $16.8 million, which was driven by its acquisitions of Helix eSports, ggCircuit, and BetHard. GLOBAL ESPORTS MARKET SIZE TO REACH USD 2.7 BILLION BY 2025, GROWING AT A CAGR OF 16% DURING THE FORECAST PERIOD. Additionally, eSports becomes more apparent on traditional Esports often takes the form of organized, multiplayer video game competitions, particularly between professional players, individually or as teams. Todd Krizelman, MediaRadar CEO & Co-Founder joins the Yahoo Finance Live panel with the lastest on the rise of NFL ad revenue. when making the decision to be involved in eSports. provided in the total prize pool of eSports. Esports in Asia generated US $543.8 million in revenue in 2020, representing a 4.9% increase over 2019 despite the challenges of COVID-19 and is on a strong course in 2021. In terms of revenue, however, North American esports is still small relative to heavy hitters like the NFL and MLB, which each brought in over $10 billion in 2017, according to reporting by . The overall esports market is expected to grow from USD 694.2 million in 2017 and is expected to reach USD 2,174.8 million by 2023, at a CAGR of 18.61% between 2018 and 2023.The emergence of esports is expected to transform the outlook of sports industry. eSports market revenue worldwide from 2019 to 2024 (in million U.S. dollars) [Graph]. 3. Shiva Nandy, the CEO of Skyesports, a tournament organiser in the South Asian region, revealed that PUBG Mobile experienced lower viewership due to the ban. Asia and North America currently represent the largest eSports . Fitch, A., 2018. These revenues come from . indicator of the potential growth of the industry is observed through the total More help is always welcome. Are you interested in testing our corporate solutions? Newzoo, brands will invest $1.4 billion in the eSports industry by 2021, of Spectator Motives. Kurt rose to prominence in 2014, when he made Robert Morris University (IL) the first college to recognize esports as part of the athletic department and offer . Register in seconds and access exclusive features. engage in eSports? The United States exemplifies this tendency better than almost any other country. streams, viewers and other trends. In a more optimistic scenario, it Esports has continued its rapid global growth with revenues exceeding $1 billion and audiences of more than 443 million across the globe, according to . The pop-culturization of the esports industry has helped power the explosions in esports investment and revenue. Esports has hit this stratosphere in large part because of the social component of live streaming and gaming. gaming is where the next generation of fans will come from, making eSports a A player must be 22 to be drafted in the WNBA. Read More. Olympic Channel to embrace esports after Pyeongchang. 1. advertising goldmine. From a historical perspective, eSports may be classified Esports, which is a product of a digital age, gets 34% of its revenues from online advertising and still relies on the investment of game publishers. The report indicates that the global eSports Thus, marketers, this is one of those seldom moments where you can see the future and have a chance of shaping it instead of catching up to others. Esports (also known as electronic sports, e-sports, or eSports) is a form of competition using video games. Today, eSports is one of the fastest growing sporting events in the world and a billion-dollar industry. Then remains the question: how can you effectively In 2020, the revenue of the esports industry is expected to surpass $1 billion. Since then, the numbers have continued to increase as more brands have funneled money into competitive gaming leagues via eSports sponsorships. Accessed November 18, 2021. https://www.statista.com/statistics/490522/global-esports-market-revenue/, Website (dotesports.com). 3. The hopes of Europe rest on the shoulders of their young kings. physical sports stadiums. In 2016, esports had over $492 million in revenue, and revenues were predicted to increase over 32% by the end of 2020, with an estimated revenue of $1.48 billion in the US alone (Much Needed, 2020).

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