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E-sports games betting coming to online casinos

Due to the popularity of Twitch and other similar websites, e-sports (online gaming competitions) have taken on a life of their own. In fact, these events have gotten such amazing feedback that online gambling site operators are taking notice.

Yes, you read right – sports games betting is coming to online casinos. Don’t be too surprised – after all – it was just a few years back that the world was caught up with Texas Hold ’em poker tournaments. In fact, these games experienced exponential growth for about 8 years, from 2003 to 2011. Since since that time, its popularity has leveled off some, but it seems that we have found a replacement and esports are set to pick up where online poker left off.

The numbers are impressive – as of last year, the e-sports industry generated approximately 325 million dollars in global revenue. But, when e-sports takes on online casinos, it will surely take both parties to a whole other level of success. Just consider how many would love the chance to try online slot machines loved by Canadians.

As of right now, fans already have the option to place online bets on video game competitions. But, based on information from a reputable market research firm, the market is set to really explode but, not until 2020. It is at this time, that they predict that fans will have wagered upwards of 20 billion dollars on esports. Out of that money, a little less than 2 billion will go to operators, in the form of gambling fees. Still, this number is nothing to shake a stick at. It’s a hefty sum that operators will be sure to appreciate.

In addition, CNBC says that Bwin, the popular online gaming company, is already looking for ways that they can profit off of these video game competitions. To back up their new position, they cite information that projects that the upcoming League of Legends tournament will beat the 2016 English Football Champions League competition in terms of wagering volume.

As of right now, the popularity of esports is still growing, but it has already made its mark as one of the most popular sports when it comes to interest, viewership, and following. In fact, many of the world’s leading bookmakers are already taking advantage of this and are taking bets on different Esports tourneys on a regular basis. This is largely due to the fact that although this industry is still in its infancy, its wagering volume already surpasses that of rugby, tennis, and golf. What’s more – it continues to grow seemingly day-by-day.

Although all these reports make the future of esports sound as bright as a diamond, there are still some hurdles that the industry will have to address before real revenue can be made. For instance, e-sports are really popular in Asia and in the United States, but both of these places have strict gambling laws that can put a damper on their betting potential.

Another issue, is that there are some who say that esports will struggle when it comes to attracting fans that are outside of its core audience. The biggest issue with broadening the appeal of these online gaming competitions is that the very things that make it make it exciting for one audience, might be the very thing that makes it unappealing to others. Still despite these drawbacks, from both a business and entertainment standpoint, Esports betting still has a lot of potential.

What do you think of our assessment of e-sports and e-sports betting? Are you excited or dejected about this prospect? Share your thoughts in the comments below, we look forward to hearing your perspective on the matter.

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