3 Reasons to Invest in Esports in 2021

Esports is a global industry with a high potential for growth. And the numbers are there to prove it. The Esports sector is young and rapidly evolving, and that makes it a potentially profitable area for investment. But is it worth investing in? Yes, it is. Let’s look at 3 reasons why you should invest in Esports in 2021.

1. Huge Earning Potential

According to Statista, the 2020 global revenues for the Esport industry were 947.1 million U.S. dollars. In 2021, they increased to $1.08 billion. The industry earnings are expected to reach $1.62 billion by 2024. By March 2021, Esports investments were around $4.06 billion. 

Everything Esports-related is projected to grow, from the sale of gaming consoles to the stock values of Esports companies. In fact, Forecasts show a possible industry revenue of $3 billion by 2025. The Esports industry is still growing, and the numbers show its great potential. There’s no better time to put money into Esports than now.

2. Wide Variety of Investment Options

Esports has grown to mirror the traditional sports industry with arenas and live streamed tournaments. The investment options are as numerous as the monetization options in the industry.

One of the best ways to directly invest in Esports is by buying stocks of gaming console and software companies, media houses, ticket-selling firms, streaming sites, and other firms making big bucks in the sector. You can have a diversified portfolio of stocks or invest in exchange-traded funds (ETFs).

Also, you can become a career gamer, create or join an Esports team, become a streamer on social media, or take chances and provide IT infrastructure and merchandise. And if you really understand the game, you can bet on competitive Esports matches.

As you can see, there are many ways to make money in Esports. But you should thoroughly research the sector you’d like to invest in before parting with your money. Because the industry is still growing, the risks are higher than in well-established industries. Invest what you can afford to lose. Don’t take a title loan and invest the money—you may lose your car in the process!

3. Growing Audience

If you think Esports is for unemployed Gen Zers, then you’re wrong. It’s a competitive and organized industry with players and spectators of varying ages. In 2020, the Esports audience comprised 435.9 million people, and in 2021, the number rose to 474 million. By 2024, the industry is expected to have a global audience of 577.2 million people. And gamers are also increasing, there are currently 2.81 billion gamers worldwide.

Esports spectators keep increasing by the day. 43 million people watched the 2016 World League of Legends finals. That same year, only 31 million people watched the NBA Finals Game 7. With a growing audience come many monetization opportunities–ticket sales, advertising, sponsorships, and merchandising. All these are opportunities investors can take advantage of and make big bucks in the Esports industry.

Start Investing Right Away

The Esports sector is young but rapidly growing. The projected earnings are high, and the audience keeps growing by the hour. The rapid growth makes Esports an exciting, highly risky, and potentially profitable industry. If you’re a risk-loving investor, jump on the bandwagon and you’ll start reaping large profits soon.

This is a paid guest post.