Billions of dollars being wagered on the outcome of esports events. According to a new white paper published by gaming industry research firm Eilers Research, it is estimated that esports competition will wager more than $250 Million on the outcome of esports events in 2015. That amount is expected to exceed $23 Billion by 2020.
Part of the equation is fantasy esports competition and Eilers Research estimates 590 thousand paid actives for real-money fantasy esports competition in 2015 along with 1.72 Million paid actives for esportsbooks. Fantasy esports is similar to more common daily fantasy operations surrounding football, basketball, baseball, hockey, etc., where individuals may submit an entry fee and compete against others for predetermined prize pools. However, esportsbook wagering is akin to traditional sportsbook wagering, which allows people to place wagers against the house on the predicted outcomes of individual matches.
Eilers Research provides a “bull case” wherein 32.5 Million bettors will wager $42.9 Billion by 2020, generating $3.3 Billion in revenue for operators.
Part of the equation is fantasy esports competition and Eilers Research estimates 590 thousand paid actives for real-money fantasy esports competition in 2015 along with 1.72 Million paid actives for esportsbooks. Fantasy esports is similar to more common daily fantasy operations surrounding football, basketball, baseball, hockey, etc., where individuals may submit an entry fee and compete against others for predetermined prize pools. However, esportsbook wagering is akin to traditional sportsbook wagering, which allows people to place wagers against the house on the predicted outcomes of individual matches.
Eilers Research provides a “bull case” wherein 32.5 Million bettors will wager $42.9 Billion by 2020, generating $3.3 Billion in revenue for operators.