Esports is growing in every way that you can imagine, including revenue growth. Just around 10 years ago, only a few people knew what esports was. Today, the situation is entirely different, as we can say that esports is slowly, but surely, going mainstream.
The number of tournaments is growing, the number of spectators and participants is growing, and the investment in the industry is on the rise as well. We looked at the infographic called “The Rise of Esports” created by NJ Games, and we were surprised to find out the predictions for the future of esports.
For example, in 2012, the total revenue generated by esports was just $130 million. That does not sound bad at all until you take a look at the more recent results. In 2014, the total revenue was $194 million, which is already a big improvement.
However, that’s when esports really starts taking off and streaming becomes more and more popular. In 2017, esports managed to bring $468 million through total game publisher investments, online advertisement merchandise, sponsorships, tickets, and licensing.
If you’re still not impressed, consider that the latest forecasts predict that esports will generate $1.385 billion in 2021, which puts it in the same rang with some of the biggest “real world” sports out there.
In 2018, the total revenue of esports was $906 million, so it seems that the industry is on a good road of reaching the 2021 predictions. The majority of this revenue is brought in by sponsorships, accounting for around 40%. After that, the biggest contributors are advertising and media rights, whereas the smallest ones are game publisher fees and merchandise/tickets.
If you are interested in finding out more about what the future brings for esports, make sure to read the rest of the NJ Games infographic below.