Why Online Gaming is More Than Just a Hobby: The Business Behind It
The term “gaming” has completely taken a new shape following the emergence of the esports frenzy. Gaming is now a legitimate business, where people seek career opportunities to set them for life! The business of gaming has inevitably caught the attention of the leaders from a variety of sectors, looking to expand their brands. With the influx of millions of dollars of sponsorship money, this sector has achieved everything it needs for sustainable growth.
|
Key elements
|
Facts
|
|
Market size
|
The market size of the esports industry surpassed 1,8 billion dollars in 2023.
|
|
Viewership
|
Twitch has become a hub, where over 145 million active monthly users gather.
|
|
Investments
|
The online gaming sector is steadily receiving millions of dollars of investment each year.
|
|
Tournaments
|
The DOTA2 tournaments, in particular, offer prize pools of 40 million dollars, creating a competitive environment.
|
|
Player earnings
|
Each of the top 10 esports players has earned over 5 million dollars throughout their careers.
|
The collaborations between top teams/players and prominent brands are fueling the growth of this sector. In addition, those willing to pursue a career in the competitive world of esports can spend over 15,000 dollars for a proper gaming setup.
Nurture your competitive edge with Karavanbet
The competition in the esports business has been skyrocketing, so has the race to become the dominant force in the world of online casinos. Only so few can achieve this title, and Karavan Bet is among them! Head to https://karavanbet-tr.com/ Karavan Bet now to join the Karavan Casino family! Explore the unique features offered by Karavan Bet Casino, as well as over 1,200 slot options, right now!
Business models driving the online gaming industry
The business of online gaming extends far beyond tournament winnings. Microtransactions have revolutionized the game monetization, whereas streaming platforms keep expanding on a regular basis.
- In 2020 alone, Fortnite generated over 5,1 billion dollars in revenue, which shows the power of the online gaming community.
- Top streamers, like “Ninja”, can rake over 10 million dollars of streaming revenue.
- Streaming platforms, on the other hand, can reach hundreds of millions of viewers, along with billions of hours of watching time.
The game is not just about playing anymore! The ecosystem created by the online gaming business has started to rival even traditional sports! With this in mind, it wouldn’t be too far-fetched to venture that the esports industry’s growth potential would know no boundaries…