eSports (commonly referred to as electronic sports) has revolutionized the world of sports and gaming. It’s not just a game. There are dedicated TV channels, pay per review matches, not to mention stadiums filled with screaming fans. In 2021, the global market was valued at just over 1.08 billion U.S. dollars. This represents a 50% increase from the previous year. FIFA, the most important organization when it comes down to governing football, is looking to widen its gaming portfolio. Technology and mobile companies are making tremendous efforts to be associated with FIFA, not to mention its platforms and global tournaments.
To many, eSports and iGaming are one and the same. The result is that most of the time, gaming influencers are confused with eSports athletes because people can’t tell them apart. While eSports revolves around skills and competencies, iGaming is all about playing gambling-based games, which can be found in casinos like Gambola. Right now, there are countless online casinos, online bookmakers, and poker sites that welcome players from all corners of the world. eSports is played competitively. Athletes spend days at an end practising, learning new strategies, and perfecting team coordination.
COVID-19 Is Taking Esports And iGaming To the Next Level
The pandemic turned out to be a significant event for eSports, both in terms of increased acceptance and growing engagement. Companies have invested in innovative new eSports platforms, expanding their customer base and gaining a competitive edge over their rivals. The rising demand for video games during the health crisis has significantly contributed to the growth of the eSports market. From a political standpoint, there’s still room for improvement. Recognition from institutions matters in the development of eSports. eSports is part of the culture, like traditional sports, but it doesn’t receive institutional support.
But what about iGaming? Millions of people were locked up at home, bored, stressed, and anguished. Needless to say, this has elicited interest in online gaming. Individuals have played games to make up for the lack of in-person communication. There has been a new rise in gamers owing to new technology developments such as AI and VR. Many agree with the fact that iGaming’s popularity will continue to rise. This means hundreds of millions of new customers in the next years.
A Handful of Online Casinos Are Incorporating eSports
eSports and online casinos look like they’re from completely different planets, just like sport betting and online casinos. The eSports, together with the eSports betting sectors are advancing at a rapid pace, but online gambling operators want to get a piece of the pie. As far as engaging audiences is concerned, there are great differences between eSports and online casinos, such as Gambola. Fortunately, there are cross-sell opportunities between eSports and online casinos. eSports appeal to younger demographics, while online casinos have to replace ageing players. The two ought to be a match made in heaven.
Gambling enthusiasts can now bet on the results of competitive video games. There’s no major difference between eSports betting and sports betting. It’s necessary to predict the outcomes of sports and bet on them. You select an event and win an amount of money if the team or the player you bet on wins. Not only can you make money, but also enjoy watching the contest. The governments of certain countries have made it clear that they don’t have a problem with eSports betting.
Gambola is one of the many online gambling establishments to offer this type of betting. Popular games include but aren’t limited to Counter Strike, League of Legends, and Fortnite. Before diving into the world of eSports betting, it’s a good idea to become familiar with the most common types of bets. Examples include match winner, handicap betting, double chance, correct score, and correct score. Betting on the correct score isn’t unique to eSports. Regular sports betting offers this option too. You bet on the exact score of the match at the end of the normal time.
More Worldwide Markets
Thanks to the coronavirus pandemic, people are playing games and placing bets in their pyjamas. Players in the online gambling market need to engage with eSports fans on a different level if they want to attract loyal customers. They can offer automated iGaming, live experiences, and much more. The key lies in adopting technical innovations, which will reduce barriers to entry and bring about more fans. Finally yet importantly, it’s worth paying attention to factors such as piracy and game addiction. These issues define both the past and the present.
If 2020 was a good year for eSports, iGaming, and online casinos, just imagine what will happen in 2021 and beyond. Online gaming opportunities will continue to grow worldwide it’s expected that increased engagement will stick, even if people enjoy increased freedom and spend their disposable income on non-gaming activities. Hope isn’t lost yet. As a matter of fact, significant growth is expected.