Esports is an exciting, fast-paced new arena for sports fans and athletes alike. If you are looking to learn more about esports we have a treat for you: three surprising statistics about esports that will help you make sense of the present and future of this new form of entertainment.
Esports Will Surpass $1 Billion in Revenue This Year
According to most estimates, esports revenue will surpass $1 billion this 2021, representing a %14.5 increase compared to last year. According to these forecasts, 75% of this revenue ($833.6 million) will come from media rights and sponsorship deals, a figure that reflects the increase in viewership and streaming that esports have enjoyed over the last several months.
The Pandemic Bolstered the Expansion of Esports
While esports has been thriving for a while, the industry went into high gear last year due to the coronavirus pandemic and the stay-at-home restrictions that came with it. From videogame sales reports to gaming traffic online, a host of metrics shows that the “new normal” comes with a generous side of esports.
Latin America, a Promising Market for Esports
If what you are looking for is a promising new market for esports, then look no further than Latin America. While the United States and Asia are the most important esports markets in terms of revenue, Latin America is one of the fastest-growing markets. For example, Mexico and Brazil are expected to reach $42 million in sports revenue by 2024, with Mexico accounting for $22 million and Brazil for $20 million.
As you can see, esports offers many interesting opportunities to those willing to test new waters. If you are interested in learning more about esports, then check out our esports glossary.
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