ESports Revenue Could Easily Pass $1 Billion this Year

August 2, 2021, By fierce,

The esports boom is gaining a great deal of momentum.  In fact, according to Newzoo’s Global esports and Live Streaming Market Report, the market could reach $1.084 billion this year – 14% growth year over year, as reported by Reuters.  “Newzoo anticipates that the esports industry will make $833.6 million — more than 75 percent — from their media rights and sponsorships due to an increase in the livestreaming audience for esports.  Newzoo predicts the global live-streaming audience will hit 728.8 million by the end of 2021, marking a 10 percent increase over the 662.6 million who watched in 2020.”

That’s substantial news for companies such as Enthusiast Gaming Holdings Inc. (TSX:EGLX)(NASDAQ:EGLX), Facebook Inc. (NASDAQ:FB), Amazon.com Inc. (NASDAQ:AMZN), Netflix Inc. (NASDAQ:NFLX), and Roblox Corporation (NYSE:RBLX).

Better, esports is becoming even more popular than the Olympics.  “During the 2016 Olympics, NBC had about 27 million viewers during the event. This is quite the accomplishment when you look at it in a vacuum. Unfortunately for the Olympics, we won’t. That same year the 2016 League of Legends World Championships had around 43 million viewers,” notes Digital Trends.

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