10 Most Significant Facts About Esports Which You Should Know

If you’re new to esports or want a better grasp of what happens in this scene, this is the perfect read for you. Esports, or electronic sports, involves competitive video gaming, where individuals and teams strive to obtain the highest scores in tournaments and leagues to win attractive prizes. 

Popular esports titles include League of Legends, FIFA, Apex Legends, and Valorant. Over time, the esports industry has become one of the fastest-growing professional fields, and it does not look like slowing down any time soon. Esports players are not just lazy people playing video games in someone’s basement.

They are trained professionals whose passion for gaming contributes to their expertise in esports. Like the average organized traditional sports athlete, esports players have losses, wins, coaches, teams, practice times, sponsors, and events they choose to take part. 

Top Esports Information To Know 

From the fact that esports players are recognized in some places as traditional athletes to the existence of an Esports Hall of Fame, there is so much to learn about this industry, especially if you plan to start participating actively. Let’s run through some of the top facts you should know,s shall we? 

1. When and Where It Began 

As with everything, it is important to acquire knowledge from the origin. The first esports tournament took place in 1972 at Stanford University. Players met up to play Spacewar, and the reward was a year-long Rolling Stone subscription. This event made real the possibility of winning real prizes for playing games. 

2. $3.5 Billion Global Market Revenue 

The rise of the esports market value is proof of the popularity surge this industry has experienced in recent games. The introduction of a competitive element was the spice the video gaming industry needed. The global esports revenue went from $957.5 million to over a billion dollars in two years. 

Sponsorship generates over 600 million dollars, and media, about 200 million dollars. Adding all of these brings the global market revenue up to over a whopping $3 billion, of which China has the largest piece. 

3. Number Of Viewers Worldwide

The success of esports is partly thanks to the 205 million viewers dedicated to watching it worldwide. In some countries, the esports viewing is even higher than the Super Bowl. Streaming platforms such as Twitch are making bank daily from streamers and paying good money to esports players to stream on their platforms. 

4. Value Of The Esports Betting Market 

Is it possible to win money through betting on esports? It is common to hear people ask this question, and the answer is yes. The development of the esports industry has brought about growth in the betting sector since, like traditional sports, these competitions can be bet on. 

You can easily place your bets by visiting this website. With the rapid growth of esports players, events, and tournaments, this scene has seen an equivalent rise in esports betting sites. Betting on secure esports sites is simple and fast. 

5. Biggest Prize Pool In The Esports Scene

DOTA 2 organizes the highest-paid esports tournaments. The most celebrated annual esports tournament is even The International DOTA 2 Championship. This alone accounts for more than $60 million of the yearly prize pool, which increases yearly. In 2022, DOTA 2 had a prize pool 0fo $32.85 million, bringing the cumulative prize pool to about $300 million. 

6. Esports Is An Actual Field Of Study

The fact that you can go to the university to study something related to video gaming seems unreal, but it is true. Some universities offer curriculums to students willing to study esports as a full course. It makes sense since there are many sides to esports, including the business and management aspects, so there’s much to learn. 

The base knowledge is as important to the growth of esports as the actual competitions are. Attending university to acquire this knowledge in an organized structure is a great way to start your esports career. 

7. All Ages Can Compete 

Another important thing to note about the esports scene is that there is virtually no age limit. An 8-year-old kid holds the Guinness World Record for the youngest esports pro. This means that kids can participate in these competitions and earn real money. There are esports summer camps to help train for the tournaments too. 

8. Average Earning Of An Esports Player

Esports earnings can range from as low as $500 to $35,000 a month. The amount earned depends on skill level, individual scores, and the tournaments you play at. Tournaments like The International DOTA 2 tournament have high prize pools, which increase your chances of earning higher. 

9. Esports Tournament With The Highest Streams

The highest-viewed esports tournament as of May 2021 was the Free Fire World Series 2021, held in Singapore. It had 5.41 million peak viewers. The second and third were the 2019 and 2020 League of Legends World Championships, with peak viewerships of 3.99 million and 3.88 million, respectively. 

10. Top Esports Organizations And Their Worth 

The top three esports organizations are TSM, Cloud9 and Team Liquid. Team SoloMid (TSM) ranks top with a valuation of $410 million. In 2020, Forbes announced that TSM was the most valuable esports organization. The other two have net values of $350 million and $310 million respectively. 

Conclusion 

At the end of the day, any game can be an esports title, anyone can be an esports player, and the esports scene is large enough for you to join. Tactical and mathematical skills are needed, but it’s nothing you can’t learn in a short period of time and with the help of a good coach.