Esports Betting Could Have 100 Million Customers by 2029

January 4

A research group has estimated that the esports betting industry could accommodate up to 100 million customers by 2029, marking an increase of almost 30 million users from today. It’s no big secret that esports betting is a major revenue driver in the world of competitive gaming, but these predictions suggest up to 60% of all revenue will be associated with betting by 2029.

Big Money

From data collected by Statista and leaned on by BetIdeas, it has been estimated that approximately 74 million people worldwide take part in esports betting, in some capacity. This figure is expected to swell to around 95.2 million by the start of 2029.

The amount of money the esports industry generates will grow in kind.

It was suggested that this year, the esports industry will generate $4.8 billion in revenue, more than $2 billion of which will be associated with betting. In 2029, the numbers are expected to climb to $5.9 billion and $3.5 billion, respectively.

This data was compiled by BetIdeas (and circulated by Cardbiz). The report also suggested that by the end of the decade, a whopping 900 million people worldwide will be tuning into esports events.

For years, esports and betting have gone together like peanut butter and jelly. They’re complementary concepts, working together in the same way that traditional sports have for many years. The COVID-19 pandemic brought about a boom in the esports betting industry, and things have been riding high ever since.

Per the predictions, almost 20 million Americans are expected to lay a bet on esports by 2029. That’s immense growth.

For more of the latest esports news, stay tuned to Insider Gaming

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