E-sports gaming is booming: the billion-dollar business

Published on: September 16, 2020 / Update from: September 16, 2020 - Author: Konrad Wolfenstein

Moscow – September 14, 2019: E-Sports Counter-Strike – Image: Shutterstock.com|Roman Kosolapov

The billion-dollar business with digital sports

The e-sports industry is expected to achieve revenues of more than a billion dollars in 2020. The specialists at Newzoo are constantly analyzing developments relating to gaming. According to their predictions, global viewership will rise to over 600 million within the next three years. Unlike physical sports, digital sports remain largely unaffected by the Corona crisis. The number of Twitch streams grew to its highest level in March. Some of the major sports leagues are now increasingly focusing on e-sports. The NBA is currently hosting an online tournament between various professionals such as Kevin Durant and Trae Young. Since Formula 1 came to a standstill, McLaren driver Lando Norris has become an icon among Twitch streamers.

Revenues of more than a billion dollars, this is the magical figure that the e-sports industry is expected to crack in 2020. Newzoo’s specialists are constantly analyzing the developments around gaming. According to their forecasts, global viewer numbers will rise to over 600 million within the next three years. Unlike physical sports, digital sports will remain largely unaffected by the Corona crisis. The number of twitch streams grew to its highest level to date in March. Some of the major sports leagues are now focusing more on e-sports. The NBA is currently hosting an online tournament between various professionals such as Kevin Durant and Trae Young. Since Formula 1 came to a standstill, McLaren driver Lando Norris has become an icon among Twitch streamers.

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