The global game industry is forecasted to reach $159 billion in 2020 with a 9.3% increase from the last year[1] and eSports betting is expected to reach $14 billion this year globally[2]. Besides betting, all segments of eSports are increasing globally with sponsorship the biggest portion. According to Newzoo, eSports revenue was $957.5 million in…
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There’s never been a better time to be a game developer. Last month, as millions of Americans lost their jobs or experienced pay cuts, game sales reached $977 million. That’s a 52% increase from a year earlier, according to research firm NPD. Sales have increased 18% so far this year. With a captive audience stuck…
Read More Investment Opportunities for Game Companies in the Age of Coronavirus
With the cancellation of all live sporting events due to the coronavirus pandemic, eSports organizers are adopting an online only approach to video game tournaments. This isn’t hard, of course, because unlike traditional sports, professional video game tournaments can be played online and don’t require participants and fans to be in a single, physical location. Impact…
Read More A Change in Scenery for eSports Organizers and Fans