As known from:
VA
  • About Captaingambling.com
  • Our US Squad
  • Our Review Process
  • Gamble Responsibly
  • Get In Touch
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
US Gambling Sites / News / Esports Gambling To Break $14 Billion In Revenue In 2020

Esports Gambling To Break $14 Billion In Revenue In 2020

Josh Schwartz
Josh Schwartz
Publish Date: 30/05/2021
Fact checked by: Mark Lewis

You may not have heard of esports. But you are likely to in the future. While they didn't even exist 10 years ago, they have become big business. And in 2020 the amount wagered on them is expected to double and become $14 billion worldwide up from just under $7 billion in 2019.

That's an explosive rate of growth for something that is so new and alien to many betters. People are used to betting on actual sports – Giants vs. Jets, for example. But esports are something else entirely.

Esports are essentially video games. The most popular competition is the Call Of Duty League where players play against each other. Esports betters wager on who will win. Also popular are Counterstrike: Global Offensive, League of Legends, Dota 2, iRacing, and Overwatch League (OWL).

What's interesting is that unlike traditional sports players don't have to compete in the same arena. You can have a guy at his home in Japan playing another guy in his home in Detroit.

Still just like real sports the players get sponsors. They have agents. They are recruited into the game. They don't train by doing push-ups or running laps. They train by practicing on their PlayStations and Xboxes over and over again.

Nobody even six years ago would have predicted that esports would become so popular in the betting community. But they have. Whenever you have $14 billion being bet on something you know people are paying close attention to it.

Esports is expected to continue to grow in the coming years. It's possible it might see $20 billion in bets in 2021. If so, that will cut into revenue for actual sports. After all, every dollar bet on esports is a dollar you can't bet on your local Knicks game.

It will be interesting to take a look at esports as they continue to grow. Whether they will hit a wall in growth potential or be like traditional sports and just keep growing is a question that is up for grabs. What is certain is that esports have certainly arrived as a force to be reckoned with.

Read Also
March Madness Preview and Betting Guide
The NCAA basketball tournament is almost here!, and today we will talk ...
Can I bet on American sports in Canada?
As you may already know, online and in-person sports betting is legal ...
Are there any Canadian-based sportsbooks?
Online sportsbooks are set to launch in Ontario in April 2022, with ...
captaingambling Weekly: Legalization of Sports Betting in Michigan draws nearer and other news…
With the year gradually coming to an end, there are some exciting ...
COVID-2019 Shuts Down Pennsylvania Casinos! The Five Best Online Casinos For You
Pennsylvania has a long history of casino gambling. But lately, things have ...
Top Betting Sites
Top Betting Promos
SI Sportsbook
SI Sportsbook
SI Sportsbook Review
97/100
BetRivers.com
BetRivers.com
BetRivers.com Review
95/100
BetMGM Sportsbook
BetMGM Sportsbook
BetMGM Sportsbook Review
94/100
DraftKings Sport
DraftKings Sport
DraftKings Sport Review
92/100
FanDuel Sport
FanDuel Sport
FanDuel Sport Review
90/100
SI Sportsbook
SI Sportsbook Promo
BET $20 GET $200 IN FREE BETS
T&Cs apply
9.7/10
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
BetRivers.com
BetRivers.com Promo
100% up to $500
T&Cs apply
9.5/10
BetMGM Sportsbook
BetMGM Sportsbook Promo
100% up to $1000
T&Cs apply
9.4/10
DraftKings Sport
DraftKings Sport Promo
20% up to $1000
T&Cs apply
9.2/10
FanDuel Sport
FanDuel Sport Promo
$1000 No Sweat First Bet
T&Cs apply
9/10
Posts
Show More
Betting Tips
Get the latest updates in Sports and Casino via our Newsletter
header-hero-image
MLB Daily Picks:
Drew's DFS Picks
Our Team
Mark LewisJosh SchwartzDrew the DFS Guy
Mark Lewis
Mark Lewis
Editor
Josh Schwartz
Josh Schwartz
Editor
Drew the DFS Guy
Drew the DFS Guy
DFS Expert
Get the latest updates in Sports and Casino via our Newsletter

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

ccwww
Move to Top
Close
Our Sports Pros recommend these awesome Social Casino sites this week:
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site