Esports Betting as the Lifeline for Bookies

Considering the recent events associated with the Coronavirus pandemic, bookmakers and bettors are having hard times. They have lost a stream of revenue and entertainment. Now, they have no other choice but to turn to esports. This kind of betting has been there for several years, with some reputable websites like There are many other websites, offering a wide range of esports options, some of them are even offering every single esports title.

So What Is Going on There?

Flutter Entertainment as one of the leading Bookmaker holding companies has reported a potential of $136 million decline due to the lack of sports events. Other brick-and-mortar casinos had no other choice but to to shut down their operations with no end in sight. The damages are growing on a regular basis.

Luckily, esports can be done online, so more and more tournaments are getting changed into an online setting. The digital specificity of esports betting allows bookmakers to keep their financial resources and even potentially increase the profits because more and more people are eager to bet on something online.

Such esports events as the ESL One Los Angeles Dota 2 Major, League of Legends Championship Series (LCS), and ESL Pro League have transferred their operations into an online format easily. As a result, sports bookmakers become after esports.

Esports Betting Sector in Numbers

Some users just don't realize how big esports betting is. According to Wholesale Investor, there is an esports betting forecast of more than $17 billion by the end of 2020. Currently, the biggest esports betting resources are demonstrating a huge upswing in new player registrations. This is an excellent opportunity for esports to turn into a mainstream thing.

There are three major games in esports. These include CS:GO, League of Legends, and Dota 2. They cover 85% of all esports betting in the world, but they have to deal with the increasing competition moods. There are more and more games which can become esports titles. Bookmakers have seen an over 100% growth in bets on games such as Rocket League, FIFA, F1 Esports, and Call of Duty. The majority of bettors from common sports usually bet on titles they can easily understand, including FIFA and NBA 2k.

As you can see, the opportunity is just there, so you shouldn't miss it. Thus, esports is surely deserves your attention.