{"id":149715,"date":"2021-06-22T14:37:32","date_gmt":"2021-06-22T18:37:32","guid":{"rendered":"https:\/\/armchairarcade.com\/perspectives\/?p=149715"},"modified":"2021-06-22T14:37:37","modified_gmt":"2021-06-22T18:37:37","slug":"expected-growth-for-esports-betting","status":"publish","type":"post","link":"https:\/\/armchairarcade.com\/perspectives\/2021\/06\/22\/expected-growth-for-esports-betting\/","title":{"rendered":"Expected Growth for Esports Betting"},"content":{"rendered":"\n<p>For those on the outside of gaming, the rise of esports certainly came as a huge surprise as seemingly out of nowhere there were huge events with hundreds of millions of viewers throughout the year \u2013 but for those who were interested in the esports gaming space, it had been a long time coming as the current scene has been a product of those involved over the past twenty years. One thing that did remain relatively obscure for the longest time, however, had been within an esports betting market as something resembling what we now see today only really emerged back in late 2013 and early 2014 \u2013 whilst there were sites available before this, most were less than trustworthy and had no real benefit to being explored either \u2013 outside of esports changing regulation allowed for sites and services like betting options <a href=\"https:\/\/bet-tx.com\/\">in Texas<\/a> to grow for example, but what changed within the games themselves?<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"338\" src=\"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2021\/06\/image-2.png?resize=602%2C338&#038;ssl=1\" alt=\"\" class=\"wp-image-149717\" srcset=\"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2021\/06\/image-2.png?w=602&amp;ssl=1 602w, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2021\/06\/image-2.png?resize=300%2C168&amp;ssl=1 300w, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2021\/06\/image-2.png?resize=150%2C84&amp;ssl=1 150w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><figcaption>(Image from esportsbets.com)<\/figcaption><\/figure><\/div>\n\n\n\n<p>The first step had been the launch of loot boxes in Counter-Strike: Global Offensive back in 2013, although loot boxes weren\u2019t new at this point in time, Counter-Strike was certainly the first game where players were able to make huge profit from selling the in-game cosmetics, and that led to the first lucrative betting market appearing with skin betting. Growing to <a href=\"https:\/\/www.sportingpedia.com\/2021\/01\/21\/esports-betting-industry-size-and-expected-growth\/\">become nine-billion-dollar market in just three years<\/a>, it enabled players to bet on what was at the time the largest esports title in a way that wasn\u2019t really possible before, sponsorships for the betting sites started to appear on the bigger event stages, and it became normalised. That isn\u2019t to say this method didn\u2019t have difficulties, early issues with high profile match fixing and the launch of betting and gambling sites with questionable intentions meant that CS:GO skin betting wouldn\u2019t stick around and by the end of 2016 had largely all but disappeared \u2013 but as a first big attempt it did allow other sites to grow in a more traditional manner.<\/p>\n\n\n\n<p>It\u2019s become much more common to see the big names in esports betting now as team sponsorships and event sponsorships have appeared, and even the bigger organisations typically involved in traditional sports betting have made the adjustment across too \u2013 so what comes next? Well emerging games have become a big expectation, newer titles like Valorant which released last year and has quickly emerged as one of the top four games is an example of quick growth, but many point towards the growing general acceptance towards esports as a whole as a big reason too \u2013 this past year saw a shift for a growing audience perhaps a little outside of the normal target demographic, and this change happening will be a big reason for expected growth in esports betting this year alongside viewership, and a big reason for change moving forward too as it becomes a more normalized habit and hobby.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For those on the outside of gaming, the rise of esports certainly came as a huge surprise as seemingly out of nowhere there were huge events with hundreds of millions of viewers throughout the year \u2013 but for those who were interested in the esports gaming space, it had been [&hellip;]<\/p>\n","protected":false},"author":23696,"featured_media":149718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Expected Growth for Esports Betting #esports #betting","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[15],"tags":[1194,386,1527,1404,389,1895],"class_list":["post-149715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorial","tag-betting","tag-casino","tag-esport","tag-esports","tag-gambling","tag-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Expected Growth for Esports Betting - Armchair Arcade<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/armchairarcade.com\/perspectives\/2021\/06\/22\/expected-growth-for-esports-betting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expected Growth for Esports Betting - Armchair Arcade\" \/>\n<meta property=\"og:description\" content=\"For those on the outside of gaming, the rise of esports certainly came as a huge surprise as seemingly out of nowhere there were huge events with hundreds of millions of viewers throughout the year \u2013 but for those who were interested in the esports gaming space, it had been [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/armchairarcade.com\/perspectives\/2021\/06\/22\/expected-growth-for-esports-betting\/\" \/>\n<meta property=\"og:site_name\" content=\"Armchair Arcade\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/Armchair-Arcade\/141237783007\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-22T18:37:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-22T18:37:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2021\/06\/florian-olivo-Mf23RF8xArY-unsplash.jpg?fit=1920%2C1280&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"A.K. 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