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THE ESPORTS MARKET KEEPS GROWING – BENEFITS AND RESULTS OF THAT

Published

3 years ago

November 17, 2021

Gaspar Incze

Photo credit: unsplash.com

Reading Time: 3 minutes

The esport is a flourishing global industry that organizes competitive tournaments for video game players.

Reasons Why Esports Market Keeps Growing

Revenue growth and contributing brands

Revenue growth and brand are the highest contributions to the growth of the esport market. Some firms have already made large esports marketing efforts and realized the potential of getting into the esports market. As a result, the industry’s revenue has increased intensely in recent years.

Games Live Streaming Audience and esports betting

The number of people watching gaming live streams is another main reason the esports market is growing exponentially. In addition, the esports market has seen an increase in the percentage of live streaming and betting audiences throughout the pandemic period. These occurred due to the increased time spent at home due to the social distance required and health safety precautions.

Before placing bets on esports matches and tournaments, it is essential to find the best esports betting site.

Esport Awareness

One of the primary reasons for the increase in esports viewership is that more people are becoming aware of the sport. Since 2015, there has been a massive increase in public awareness of the esports business. For various brands, the esport awareness has indicated that they have added new channels to their market. As a result, the electronic sports market has reached out to many people around the world. As a result, the Esport market has conveyed its marketing messages through many engaging channels.

Rise Of Platforms Offering Live Coverages

Many people watch esport videos and events on live coverages. In addition, esport streamers use various platforms to broadcast live coverages of events and their gameplays. By having these platforms, fans can now participate in their favorite events and easily engage with their preferred esport athletes. Even if not all of the viewers and broadcasters on these platforms are interested in esports, the increase impacts the electronic sports market.

Benefits Of Esport

Lowers Stress

Perhaps this is the main reason that draws many of us to gaming in the first place. Playing video games with your friends over the internet is one of the most effective ways to relieve stress and have a nice time.

Although gaming is not a solution nor an escape from your troubles, it does provide you with some breathing room. Professional gamers provide the same level of enjoyment as watching a football or basketball game. You can even place wagers on your favorite athletes. To minimize overspending, you should set a betting limit. Gaming is comparable to any other pastime, such as gardening, reading, or golfing.

Collegiate Scholarships

The growth of the esports market has brought about the creations of scholarship institutions. Aside from cognitive benefits, Players who participate in the leagues are placed in national scouting and earn an esports scholarship program available at over 280 institutions.
These programs function similarly to traditional programs and are occasionally run by athletic departments at colleges.

Problem-Solving Skills

Gaming, particularly competitive gaming and esports, helps players collect and understand large volumes of data and solve problems at an incredibly fast rate. According to research, people who actively participate in video games have a greater chance of navigating through complicated psychological issues than those who do not.

Career Opportunity

There are various opportunities relating to electronic games available in today’s world. Electronic sports offer a huge industry for gamers to work in. Below are a few highlights:

Content Development

Everything in this online world, from selling to promotion, is done through social media. For example, you can make a lot of money by writing about games and earning money. Several social media companies, such as YouTube, pay well for these kinds of works.

You Can Be A Contract Player

Electronic sport is becoming more popular by the day. As a result, many businesses are employing gamers to compete in their official tournaments. However, the majority of these contracts are for a year or less. In addition, these businesses hire and train their teams to compete against other groups of businesses.

You Can Earn Money Through Sponsorship

Sponsorship brings a lot of money to the e-sports market. On social media, various campaigns are running. Sponsors and players receive an equal share of the revenue generated by these sites.

Helps You Socialize And Meet New Friends

Sitting on your couch, you may effortlessly socialize with individuals all around the world. However, there are a variety of platforms and websites where you may play games with other people in just a few clicks. One of the most rewarding aspects of joining the esports community is meeting new people who share your passion. In addition, you can hold a friendly competition since most of the games are multiplayer, which encourages cooperation. If you’re a teammate, you must work together with your teammates. You must lead your squad to victory if you are the leader. Apart from that, engagement with different cultures and exposure boosts self-confidence.

Conclusion

Electronic sport is a market growing fast in the economy and generates global revenue, and attracts audiences. So if you wish to invest in a fast-growing business, esports is the place to be. With its great rewards and growth rate, you can conclude that its bound to be big.

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Win tickets to the BLAST Premier Fall Final: GG.BET is running a MEGA BLAST Competition for fans of СS2

Published

4 hours ago

July 26, 2024

Peter Tolan

Reading Time: 2 minutes

From 26 July, all GG.BET users can get involved in the new MEGA BLAST Competition with a €10,000 prize fund. The winner will receive two tickets to the BLAST Premier Fall Final CS2 tournament, taking place from 27-29 September in Copenhagen. To enter, you need to place bets on Counter-Strike 2 matches.

BLAST Premier Fall is a major series of Counter-Strike 2 tournaments which draws in millions of viewers from all over the world every year. The series consists of three stages: Groups, Showdown, and Finals. The Groups stage sees 16 Tier-1 teams duke it out. Only 6 of these can go on to compete in the final, while the rest will battle it out in the Fall Showdown for two additional spots in the final. BLAST Premier Fall Finals will be the concluding stage of the Fall series, and fans can look forward to electrifying action, heart-stopping twists and turns, and an epic $425,000 prize fund.

From 26 July to 4 August, as the Groups stage rages on, GG.BET will be holding its MEGA BLAST Competition. The winner will get their hands on two tickets to attend every day of the BLAST Premier Fall Finals. As well as these tickets, the bookmaker is also giving away a whopping €10,000 prize fund to the top 40 participants in the MEGA BLAST Competition.

How to take part in the MEGA BLAST Competition:

Register an account with GG.BET or log in to an existing account.
Go to the tournament page and press “Participate”.
Place bets on Counter-Strike 2 matches. Every bet you place will earn you a certain number of points, based on the odds.
Rack up points, keep an eye on the leaderboard, and wait for your winnings to roll in.

Bet on your favorites and get ready for some unforgettable fun! Head over to GG.BET right now so you don’t miss your chance to enjoy a festival of Counter-Strike action in Copenhagen.

Latest News

MANCHESTER CITY TO MARK GLOBAL PARTNERSHIP WITH SUPER GROUP-OWNED BETWAY AT THE NEW YORK STOCK EXCHANGE

Published

4 hours ago

July 26, 2024

Peter Tolan

Reading Time: 2 minutes

Manchester City has today announced a new multi-year partnership with leading global online betting and gaming brand, Betway.

As part of the club’s pre-season tour of the United States, and to mark this significant deal, leading figures from Manchester City and Super Group will be on-site for the iconic NYSE bell-ringing ceremony later today. Ferran Soriano, CEO of City Football Group, along with Neal Menashe, Super Group CEO, will ring The Opening Bell at 9:30am EDT.

The agreement will see Betway become the club’s Official Global Betting Partner from the start of the 2024/25 season, as Manchester City joins the brand’s extensive sports sponsorship portfolio which includes teams from across the Premier League, La Liga, NBA and more.

Ferran Soriano, City Football Group CEO, said: “We are pleased to announce Betway as our Official Global Betting Partner today. As a globally recognised brand, Betway has a strong pedigree and history of working with high-profile brands within the sports space and we’re excited to work together throughout the partnership.”

Super Group CEO, Neal Menashe, commented: “We are absolutely delighted to become Manchester City’s Official Global Betting Partner. This agreement cements our place in the top tier of Premier League partners, ensuring that our Betway brand reaches fans in all corners of the globe.”

Throughout the duration of the partnership, Manchester City and Betway will collaborate on a number of activations and exclusive content opportunities, in addition to the brand featuring across digital and in-stadia assets.

Manchester City and Betway will also work together to provide all players, coaches, management and staff in-depth, industry leading training on all relevant codes of conduct relating to betting integrity and responsible gambling. This is in addition to the work Manchester City already does to support players and staff in this area.

The Opening Bell ceremony can be viewed live.

Compliance Updates

Acquiring a Curacao Online Gaming License in 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed

Published

5 hours ago

July 26, 2024

Peter Tolan

Reading Time: 2 minutes

The “Acquiring a Curacao Online Gaming License, 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed” report has been added to ResearchAndMarkets.com’s offering.

This report includes valuable insights into the financial and procedural aspects, including detailed information on costs and timelines associated with acquiring a Curacao license.

In 2023, Curacao introduced the “Landsverordening op de kansspelen” (Ordinance on Games of Chance) to modernize and regulate gambling legislation. Since March 2020, the Gambling Control Board (GCB) has been authorized to regulate offshore gambling games and oversee the issuance of Curacao licenses. As of 2023, there are 16 companies providing legal services for registration and licensing in the territory of Curacao. The license fee, as per GCB regulations, is 36,000 ANG or 19,800 USD, payable upon license issuance.

Research Timeline and Data Relevance

The research was conducted in two stages. The first stage, studying the regulator and Open Data Search, took place in December 2023. The second stage, writing the report and partially updating the data from the first stage, took place from the end of April to the end of May 2024.

Goals and Objectives

Describe the information about the Curacao license and the issuing regulator.
Describe the requirements and conditions for obtaining a Curacao license.
Describe the costs and timelines for obtaining a Curacao license.
Briefly study the market, find and suggest the following lists:
- Legal companies offering services for company registration and obtaining a Curacao license;
- Communication agents and integrators working with the Curacao license;
- Suppliers and vendors working with the Curacao license;
- Payment systems working with the Curacao license.

Key Topics Covered:

1. Goals and Objectives

2. Research Timeline and Data Relevance