The esports industry is currently one of the biggest industries in the world. The industry is worth around $1 billion and has an estimated audience of 454 million viewers. Various things have contributed a lot to making esports what it is today, but streaming platforms such as Twitch and YouTube contributed the most to its growth. Teams from all over the world gather together at one stage to see who plays the best. However, not everyone can attend these tournaments in person. The streaming platforms, on the other hand, provide a way for fans to watch the tournaments live. Today, we are going to talk about esports betting.
The Esports Betting Industry
The popularity of esports also gave birth to esports betting, something which allows fans to earn some money while having fun. A few years back, no one really knew about the esports betting industry. Not only this but even bookmakers failed to see it as a popular betting option. But now, almost every popular bookmaker has listed it on their sites. They are now trying to get the most out of this newly emerged betting industry. And before you ask is betting on esports legal? Yes, it is.
What Can Happen to Esports Betting in the Future?
Although esports betting is popular in various parts of the world, there are still some things that can be improved. For those who don’t know, most bookmakers out there are only focusing on some popular games. At the moment, Dota 2, League of Legends, CS:GO, and Overwatch is currently regarded as the top esports titles, and you will most likely find them on every other esports betting site.
Other games include Halo, Apex Legends, FIFA, Call of Duty, Street Fighter, and many more. These games are offered by some bookmakers, while others are not focusing on them. However, as the industry is growing, we can expect to see more new titles in the future. Within the next 5-10 years, you can surely expect to see twice more titles to bet on.
AI Will Become A Big Thing
Another important thing that can happen is betting on AI teams. While everyone thinks that esports is all about people playing against people, this can change in the future. Although not everyone is going to love the idea of AI bots playing against each other, it is still going to happen. Not only this, but AI has even entered the esports competitive scene. A few months ago, Elon Musk introduced an AI-powered Dota 2 team, OpenAI. This team managed to defeat the Dota 2 pro Danil “Dendi” Ishutin in a heads-up match. If this actually happens, then you can expect to start betting on AI-powered teams soon.
It Will Keep On Growing
Esports betting is growing and it will continue to do so. As long as esports is alive, it’s betting sector is also going to stay fresh. Almost every other bettor is enjoying betting in esports, and they just can’t wait to see new features in the future. In the next few years, esports betting will become a global thing and almost every betting site is going to offer it. Additional games will become available in the market as well, something which will give further rise to the betting sector.