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A rising phenomenon: Reasons for the rapid growth in esports betting

Publish Date: 08/17/2022
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There has recently been a transformation in the sports betting industry, with the previously niche segment of esports betting evolving into a global phenomenon.

This fusion of wagering and gaming has captivated a much wider and larger audience, with sports betting fans in many US states now reviewing and ranking their options to place bets on esports just as they previously have with traditional sports matches such as those in the NFL or NHL.

With esports now firmly entrenched as a recognized sports betting segment in the US and internationally, accessing and wagering on the wide variety of esports available worldwide has been made legal in US states where sports betting has also been deemed legal. Punters can utilize mobile devices to enjoy betting on their favorite esports games on the go, wherever sports betting is legally recognized.

From the accessibility of virtual tournaments to predicting outcomes of different individual games, esports betting is now a more lucrative and dynamic market fueled by innovative technology and shifting cultural attitudes.

The rise of esports

Esports participation, from both playing and wagering perspectives, has exploded into a worldwide phenomenon spurred on by a spirited community of players and spectators. Where informal LAN parties and grassroots tournaments were once the norm, it has evolved into a multi-billion dollar industry.

Esports now operates through professional leagues, with these leagues and involved players able to negotiate lucrative sponsorship deals while selling out arenas. Games including Counter-Strike, Fortnite, League of Legends, Valorant, Dota 2, and Overwatch command millions of viewers worldwide each year.

These games and others like them now rival traditional sports in terms of audience engagement, particularly with younger audiences.

Accessibility and inclusivity

Accessibility and inclusivity drive esports’ growing popularity as, unlike many with traditional sports, there’s no need for expensive subscriptions to watch the events online. Esports events usually streamed online frely, ensuring accessibility for all spectators with a sufficient internet connection.

This democratization of access opens doors so that more diverse enthusiasts can engage with and participate in the competitive gaming framework. Seasoned gamers and casual observers alike access the same level playing field to enjoy the ever-growing number of titles offered.

With the industry’s soaring popularity, enthusiasts now enjoy a vastly diverse selection of betting markets and options. Major online gambling platforms and sports books now embrace esports, offering ever-increasing wagering opportunities. These markets are specifically tailored to gamers’ and bettors’ preferences.

From conventional match-win bets to more exotic offers like first blood and individual map winners, there are markets to suit all punters’ needs and preferences. With these increasing betting market options comes a growing appeal among both hardcore esports fans and casual punters.

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Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

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