eSports means Electronic Sports – a form of organised, competitive gaming between professional gamers. Competitions are organised by several local and international organisations around the world, and the sport is rapidly growing in popularity. In 2017, revenue from esports grew to over $650m and has grown year on year. This is set to continue into 2020 and revenue from electronic sports will soon surpasses that of mainstream sports if the current trajectory is maintained.
Overall, China and North America contributed $362m to global esports revenues in 2017, that’s 52% of total revenue. These two continents have been key in the growth of esports, with consistently high viewing figures, attendances and prize pools. Sponsorship is currently the main source of income when it comes to revenue for electronic sports. However, media rights are the fastest growing segment, increasing by 81.5% in 2017. The highest earning countries by esports competitors are spread across the world with China, United States and South Korea being the highest. In 2017, electronic sports players from China won over $68m.
Electronic sports is becoming such a phenomenon that traditional sports teams are starting to take notice. Football teams such as VfB Stuttgart, FC Basel, Ajax and Empoli all have over three professional esports players each to participate worldwide FIFA tournaments, and it doesn’t stop there. In 2016, The Philadelphia 76’ers became the first North American professional sports team to purchase two esports teams, Dignitas and Apex. The rumoured price was between $5m and $15m.
One of the biggest signs of how big esports is getting is the largest prize pool ever offered at a professional event. The recent The International 2017, in which pro Dota 2 players fight it out to see who has what it takes to become the Champion, offered $24.7m as a combined prize pool for competitors. 2018 is set to be an even bigger year for esports!
Let’s Tak About eSports Business MonEy Infographic
Today on TechAtLast, we are publishing an infograph on electronic sport titled; MonEY – The Business of Electronic Sports. eSports’ MonEy infographic tells about the beautiful business of electronic sports and the growth ratio and the profitability of the venture.
MonEy infographic focuses on the business of electronic sports and the monetary aspect of the game.