BetProtocol outlines three reasons for esports investment

According to BetProtocol, the esports market is bound to hit $2.5billion by 2025, a sum that easily excites appetites.

Already, some franchises are worth millions thanks to their prominence in the community and ability to stay visible.

Such brands include 100 Thieves, Cloud9, Team Liquid, Team Secret, and others.

Not least, traditional sports and leagues are already accepting of esports.

For example, the English Premier League runs a similar competition, only for FIFA 20, the popular football emulator.

Traditional and professional sports teams are already spending a pretty penny and likely to push with more investment to increase their presence in the segment.

Another reason outlined by BetProtocol is the rate of growth in esports betting.

Some have stipulated that esports betting is expanding quicker than esports itself, an important phenomenon that is nevertheless a driver of interest in competitive video gaming.

The main verticals that dominate esports betting interest remain fairly unchanged with CS: GO and Dota 2 at the top.

Another reason why interest in esports is growing is the fact that prize pools have been steadily climbing up, exciting investors all over the world.

Esports betting is now a growing hobby all over the world, with crypto sportsbooks such as SportsBet.io, Cloudbet and FortuneJack all embracing it.

Recently, we found out that esports bettors who bet with BTC and ETH tend to be bigger chance-takers than their counterparts who use traditional currency.

Speaking of the influence cryptocurrencies have had on esports, SBI Esports recently announced it would pay players in Ripple instead of FIAT.

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Written by David

Co-founder

David is co-founder of CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.

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