How fast esports is growing?

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Paulo Lopes

Paulo Lopes

Paulo Alexandre Lopes is the General Manager of oddsgate. He will share with you the latest content about the Sports Metaverse industry in a series of new articles called "From the CEO Desk".

Brazil, india and United States of America lead the way. Find out more about it and how Oddsgate can deliver you a premium turnkey solution to become a successful esports gambling operator today.

It’s not surprising that more people are following eSports videos and events now that online platforms have made it easier to do so. The younger demographics are spending most of their time playing video games during different lockdown periods. But today, in many countries’ pandemic is nearly over, but the game-playing habits have not diminished but demographics are shifting from normal esports to esports gambling.

Consumers turned more to internet sites to bridge their financial, familial, and spiritual crises during lockdowns as a result of the COVID-19 pandemic. According to a recent research, by Lund University in Sweden, consumers’ interest in online gambling platforms has increased as a result of restrictions in sports events caused by lockdowns.

In this article, you will get in-depth knowledge about how fast esports gambling is growing all over the world and especially in Brazil, the United States and India.

Potential of audiences in esports gambling:

Gambling is typically defined as wagering on casino or sports-related games via the internet. From sports bets to casino-style games, the disposition of wagering can differ.

The esports betting features are especially used in sports, such as in the European Football league, FIFA WC. As part of their marketing approaches and diplomatic expansions, numerous sports gambling companies sponsor various teams.

During the projected timeframe –2021-2026, the online gambling market is anticipated to grow at a CAGR of 11.49%.

The worldwide casino gambling market is expanding, with geostrategic players. Major markets include Bet365, Entain PLC, The Flutter Entertainment PLC are investing in M&A deals, partnerships, and product innovation to expand their international market presence and enhance their marketing strategy to cater to various consumer preferences.

Following the legalization of sports betting in North America, Europe, Asia-Pacific, and some other parts of the world, illegal gambling companies are likely to boost their sports betting options.

Esports gambling in Brazil:

In Brazil, the legal terms for online gambling are “bet” (“aposta”) and “game” (“jogo”), which are contract methodologies governed by the Brazilian Law No. 10,406/2002.

Aaron Speach, CEO of Esports Technologies has stated that “Brazil is on the verge of becoming an eSports betting powerhouse, and as such, I am glad to see Gogawi accessible to Brazilian fans and gamblers and a massive number of people tuning in to tournaments and competitions like the League of Legends Brazilian Championship.”

Some engaging platforms, such as Gogawi.com in Brazil, offer betting on international tournaments and sporting events with industry-leading odds.

In games such as League of Legends, GT, COD and PUBG PC, tournaments and competitions featuring new teams and players can be played for massive cash prize money. Fans and bettors in Brazil can now watch matches, view odds, and place bets in real-time on some of this operators.

Esports gambling in the US:

We can’t deny that fantasy games made their debut in the United States. While esports betting is still illegal in the United States, Fantasy esports betting is entirely legal, and some people consider it more enjoyable than typical match betting. Those who don’t have to break laws but yet appreciate the competitive spirit are likely to discover it at Draftkings esports.

However, lawmakers in the United States now see the value in obtaining a piece of the sports betting pie after successfully opposing the Professional and Amateur Sports Privacy Act of 1992. This means in the future years has allowed states to legalize, control, and most likely launch their gambling sites and online betting sector.

In the United States, games such as CS:GO, LoL, VALORANT, NBA2K, GT, PUBG mobile and PC, and Dota 2 have millions of viewers. It’s not surprising that most of those fans want to place real-money bets on esports online. The majority of the competitions have prize money, and some offer massive amounts.

The esports industry is a crucial money business that has grown to the point where billions of dollars are frequently on the line. This does not include advertising or esports betting revenue in the United States.

If you would like to enjoy esports betting in the United States, ethical guidelines may make it extremely difficult than other countries. USA players ought to be aware that there are still a few offshore sites, that do not own local licenses.

Esports gambling in India

Esports gambling websites seem to be more common in India – Esports is growing rapidly than before, and as a result, an increasing number of players are looking for places on an esports betting site. During the period 2016-2018, eSports cash awards increased by 123.3%. Of course, these increasing numbers have enticed gamers towards becoming professionals.

Goa is well-known for diversifying a range of high– quality cruises and bobbing casinos that resonate to a huge proportion of the tourist industry. Similarly in Sikkim, meghalaya, Nagaland, their state government has prescribed a betting license to legalize some specific casino type gambling(such as Roulette, Keno, Wheel of fortune, Slots) in the 5– Stars hotel within their state territory. If you want you can also play those games over the internet within those states.

You must be wondering how to choose the best one from several esports betting sites. Right? Every esports gambling operator has had something special and different to offer; localisation and customization of the gaming platform is of paramount importance and here, you can learn how oddsgate helps operators around to world to prepare a quality solution to target this markets.

Esports betting in India like in other countries is here to stay! The benefits of digital sports have grown rapidly, thanks to the advances of the internet all over the world!

Conclusion

Gambling has everything, from making you happier to developing personal skills to having a good time with your friends. There are numerous benefits to sports betting, especially once you play at one of our operator’s websites.