Esports, or competitive video gaming, has rapidly gained popularity in recent years, and with it, the rise of esports betting. The esports betting market was projected to reach $30 billion by the year 2020, which it did. Majority of this revenue is coming from Asia. However, the market for esports betting in the United States and Europe is also growing at a steady pace. In this article, we  will examine the growth of esports betting and its impact on the gaming industry as a whole.

Esports bookies have seen sharp increase in traffic lately. This has lead to numerous traditional internet bookies to offer lines for eSport matches too. Below you can see our hand-picked review list of most trustworthy Internet Bookies for eSports.

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The Growth of Esports Betting

The growth of esports betting can be attributed to a number of factors. One major factor is the increasing popularity of esports as a form of entertainment. As more and more people become interested in watching and participating in competitive video gaming, the demand for esports betting options also increases. Additionally, advancements in technology have made it easier for individuals to place bets on esports matches, leading to a wider audience for esports betting.

Another factor contributing to the growth of esports betting is the legalization of sports betting in the United States. With the Supreme Court striking down a federal ban on sports betting in 2018, several states have since legalized sports betting, including esports’ betting. As more states legalize sports betting, the market for esports betting in the United States is expected to continue to grow.

Impact on the Gaming Industry

The growth of esports betting has had a significant impact on the gaming industry. For game developers and publishers, esports betting presents a new revenue stream through partnerships with betting companies and sponsorship deals with teams and players. Additionally, the increased visibility and mainstream acceptance of esports through betting has led to more investment in the industry, leading to the growth of the entire ecosystem.

However, the impact of esports-betting on the gaming industry is not all positive. Critics have raised concerns about the potential for gambling addiction and the negative impact it could have on young players. Additionally, there have been instances of match-fixing and other forms of corruption in esports, leading to calls for increased regulation of the esports betting industry.

What will future hold

The future of esports betting looks promising, as the industry continues to grow and evolve. With the increasing popularity of esports and advancements in technology, it is likely that the market for esports betting will continue to expand. Additionally, as more and more states legalise sports betting, the market for esports betting in the United States is expected to grow even further.

As the industry continues to grow, we can also expect to see more innovation in the types of bets offered and the platforms through which they are placed. Virtual reality and augmented reality may also play a role in the future of esports betting, offering a more immersive and interactive experience for users.

Furthermore, the future of esports betting also holds potential for increased regulation, which will ensure the safety and security of the players and integrity of the matches. Additionally, the industry will continue to focus on promoting responsible gambling, to minimize the negative effects it could cause on the users.

Overall, the future of esports betting looks bright and – it will continue to offer exciting opportunities for the gaming industry and its fans. The potential for growth is huge, and the industry will continue to evolve and adapt to meet the needs of the market.