Are Esports Connected to the Online Casino Industry?
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The rise of esports has had a great impact on the whole gambling industry. In case you didn’t know, the currently trending esports betting is one of the most popular wagering markets. As a matter of fact, 2020 was a great year for this wagering market, due to Covid-19 crisis and lack of sport betting markets. Regardless of the 2020 pandemic, esports has been on the rise for quite some time and at the same time, online casinos become more and more popular. People have a great chance to make a small deposit and win even more at 10 minimum deposit casino and that is the reason why gambling sites are still in trend.
What Is Esport?
Playing video games is a decades-old concept, and it was only a matter of time when it would grow into something bigger. Esports is the term denoting playing video games competitively. Professional gamers for different leagues and teams from all around the world compete while playing video games. Some of the most popular ones are:
- League of Legends
- CS: GO
- Call of Duty
- Fortnite
- Overwatch
This organized competitive video gaming grew to become super popular in recent years. But online casino as well created many gaming options. Gamblers can enjoy poker, roulette and slot games at a different online casino with bonuses like Videoslots free spins.
Is There Any Connection Between Esport and Online Casinos?
The popularity of the market led esports to become one of the most bet on the market in the casino industry and helped users play in casino professionally. A new wave of bettors and players are becoming hooked on gaming betting, while some hardcore sports wagerers are developing interest in this new market. This phenomenon named esports slowly took over the gaming world, and the casino world as well.
And it was only a matter of time when competitive video gaming would enter the world of gambling. More and more online casinos and sportsbooks offer to bet on these games, and the demand is going up. Surely, playing slots, baccarat, blackjack and thinking of a poker winning strategy are still favoured among fans.
What Is More Popular: Online Casino or Esport?
When talking about online casino games, it became increasingly popular over the last decade. The variety of games is huge, and online players have tons of gambling opportunities. As a matter of fact, the global online gambling market is anticipated to be worth at least 92 billion U.S. dollars during the next two years. Which confirms how popular it is.
Moreover, the UK esports sector has grown an average of 8.5% in the period from 2016 to 2019. In addition, this sector represents 8% of the global market. Apart from supporting over 1,200 UK jobs solely in 2019, this industry also supported £111.5 million in GVA in the same year.
It is clear that the gaming industry and esports are booming, but still have some catching up to do when compared to the popularity of online casino games.
Where Can You Earn More?
Esports betting and earning is fairly new to the gambling world, but the tournaments are getting better sponsors and bigger prize pools. According to statistics, esports market revenue in 2020 reached $950 million, and it is one of the leading revenue for 2019 in China. The complete earnings on these competitions go up to $911,170,180.75. Thus, if you have experience in betting on esports, you are in for great winnings.
On the other hand, the online casino industry has never been stronger. The variety of gaming developers, slots, keno, card games and live casino has revolutionized online casinos. With 26% of the world’s population gambling, and even if the house always wins, there are games with great winning odds. In general, online casinos claim to have high Return to Player or RTP, at around 80%.
Conclusion
Slowly but surely, esport entered the casino industry and became almost as popular as the casino games. And the future of esports looks bright, so it is almost certain that it is going to be the number one gambling choice of the next generations.
