Are E-Sports about the become the next big investment target?
For people who are not aware, E-Sports is used to describe the competitive gaming industry where players go against each other on online games to win real world prizes, often cash prizes of up to $25 million!
It isn't as easy as you'd think to become an E-Sport Player, due to the skill and ability to keep up with gaming trends needed. This has made it a massive target for investors.
Why is investing in E-sports the next big thing?
The draw to compete is strong, with over $155 million in prize money awarded in nearly 3,500 E-Sports tournaments last year. The top games in terms of prize money awarded were: Dota 2, Counter-Strike: Global Offensive, League of Legends, StarCraft 2 and Fortnite.
We can see this is a serious thing and companies are making money from this for hosting the events in which the conductors of the E-Sport Challenge would pay to use these facilities. Some of these are hosted at specialized conventions, though they can be hosted in other places such as Gaming Hotels which have only started being noticed.
When considering the following that E-Sports has generated, multiple investment opportunities begin to percolate. From game design to hardware like headsets, to events to advertising, the possibilities to make a profit are vast and lucrative.