How big is eSports?

The global eSports market size was valued at USD 1.22 billion in 2021 and is projected to grow from USD 1.44 billion in 2022 to USD 5.48 billion by 2029, exhibiting a CAGR of 21.0% during the forecast period.

Is esports a billion dollar industry?

By comparison, that year's Super Bowl had about 98 million viewers. In 2022, Statista reported the global esports market was valued at just over $1.38 billion, projected to grow to as much as $1.87 billion in 2025.

How popular is the esports?

As of 2023, Over 2 billion people know what “esports” is. This is a huge growth since 2015, when only 800,000 people were aware of e-sports. Videogames and e-sports are projected to grow by 6% between 2020 and 2025.

How big is the US esports market?

The global eSports market size was valued at USD 1.22 billion in 2021 and is projected to grow from USD 1.44 billion in 2022 to USD 5.48 billion by 2029, exhibiting a CAGR of 21.0% during the forecast period.

Is esports big in the US?

As competitive video games continue to integrate into popular culture, global investors, brands, and media outlets are all paying attention. Consumers are as well. In fact, Insider Intelligence estimates esports viewers in the US will total 29.8 million in 2022—eventually climbing to 34.8 million in 2026.

How Esports Is on Its Way To Becoming One of the Biggest Sports in the World

Is eSports the fastest growing sport?

One of the fastest-growing sports in the world is eSports. Since entering the mainstream, competitive gaming has skyrocketed in popularity, especially among people under 40. The industry is predicted to approach $2 billion by 2023, with viewers of the top events in the tens of millions.

Will eSports be bigger than sports?

It's estimated that the global sports industry will grow to a value of around $350 billion by 2031. By the same time, the esports industry is expected to be worth around $3.5 billion, suggesting immediately that the esports vertical is worth a mere 10% of the value of the sports industry.

Which country is no 1 in eSports?

1. South Korea: South Korea is a true trailblazer in the world of Esports. Regarded as the birthplace of the Esports phenomenon, this nation has consistently produced some of the best competitive gaming stars the world has ever seen.

What is the biggest money in eSports?

1. Winning The International 2022, Tundra Esports come in as the highest earning esports team of last year, with a grand total of $9.06million in prizes. As you would expect, Dota 2 is the biggest title for Tundra, and their win at the major in October brought the team $8.5million.

Is eSports bigger than Super Bowl?

Not quite. Video games may be the most popular form of entertainment media, but esports don't hold a candle to traditional sports. Physical sport has more active fans, and its market value is much higher. Still, esports are rising in popularity, and tournaments are becoming more prominent and lucrative.

Is eSports more profitable than sports?

The global sports market makes between $300 billion to $600 billion a year in revenue. In comparison, the global eSports market generates less than one percent of that revenue annually.

What percentage of people think esports is a sport?

When looking at all U.S. adults only 34 percent are aware of esports, while only 18 percent would consider it an actual sport.

Is esports viewership declining?

The competition's audience numbers have remained steady since, with the season 14 finals in 2021 delivering 758,000 viewers, while the season 15 and season 16 finals last year were watched by a peak audience of 413,000 and 509,000, respectively.

Why is esports growing so fast?

In recent years, the eSports sector has grown significantly in terms of audience and revenue. Esports rapidly expanded to nearly become a $1 billion industry, driven by immense technological improvements and millions of enthusiastic followers around the world. As the eSports audience grew, so did its revenue.

What is the number 1 fastest growing sport?

How pickleball became the fastest growing sport in America.

What is the fastest growing sport on earth?

A hybrid of badminton, pingpong and tennis, it was the fastest-growing sport in the country from 2019 to 2021, according to an industry group that tracks sport participation. Wendy Siegel had never played a sport in her life.

Why are eSports careers so short?

There isn't really any opportunity for them to remove themselves from that space. It's just constant.” Overtraining takes a significant toll, esports athletes say. No athlete can sustain a 12 hour per day, six days a week training schedule, medical professionals agree, and esports is no exception.

What state is best for esports?

Maryland scored highest on all six factors, with a diverse population, plenty of gaming conventions and social networking groups, fast internet speeds, high computer ownership rates and great 5G coverage across the entire state.

What is the biggest esports city in the US?

Esports Stadium Arlington (ESA) is a North American esports facility located in Arlington, Texas. The 100,000 sqft venue is the largest dedicated esports facility in North America and holds 2,500 spectators.

What percentage of the US is gamers?

According to a survey conducted in October 2022, 70 percent of adults in the United States played video games on at least one platform. In comparison, 30 percent of U.S. adults did not play video games at all.