Over $150 billion is generated annually by the gaming industry around the world. What’s more remarkable is that there are already over 2 billion players in the world. There are so many people in the world, especially in Asian countries like Vietnam, who enjoy playing video games that the meteoric ascent of Esports seems inevitable.
More and more people, especially young people who you least expect to find at online casino Vietnam sites and sportsbooks, are placing bets in this genre because of the thrill and originality it provides.
How Esports Betting All Started
Esports gambling appears to be a growing segment of the gambling business. However, it was recently thought to be merely a betting fad. The popularity of Esports, or electronic sports, skyrocketed in the early 2000s.
Betting on Skins
Bets on skins were the sole option for gamblers back then. A third-party website would be used for skins betting by the players. There was no oversight of these sites, and no means to ensure that users were acting lawfully while placing wagers.
Some online bookmakers started providing Esports betting markets to their patrons in 2014 and 2015. Bets could be placed on only a select few of the most well-known games at the time.
To prevent minors from placing real-money wagers on skins in games, the practice was all but outlawed by late 2017. There was a huge surge in interest in Esports betting around that period.
Sportsbooks Adopting Esports
The best online sportsbooks have recently added options for wagering on Esports. Popular titles like DotA 2, Counter-Strike: Global Offensive, and League of Legends were among the first to be featured in tournaments open to bettors.
This was a huge improvement for the Esports betting industry. It was a watershed moment when the industry made the transition into the regulated betting sector.
When legitimate, regulated sites began hosting Esports betting markets, gamblers felt they could relax. There was sufficient security for their funds and personal data.
How Esports Betting Become Mainstream
There will be a lot of money to be made betting on Esports in 2019 and 2020. Bets might be placed on a variety of sports and other events. Sports betting giants in Vietnam are among the many sites that have included Esports in their offerings.
Major corporations began to advertise their support of Esports events by sponsoring teams and providing goods.
Like traditional sports teams, several Esports organizations have found financial support from betting sites.
How The Pandemic Boosts Esports’ Popularity Even Further
At the beginning of 2020, the world came to a halt as a result of the Coronavirus epidemic.
Everything shut down for months, including brick-and-mortar casinos, arenas, and bookmakers.
The internet gaming business, which includes online casino websites, sportsbooks, and poker rooms, was mostly unaffected by the recession.
The pandemic didn’t stop many people from watching or wagering on key Esports events. Furthermore, Esports capitalized on a massive audience that abruptly had absolutely nothing to watch when all of the main sports championships, tournaments, and leagues were called off for most of 2020.
Who Esports Betting is For?
Bettors under the age of 35 make up the majority of Esports fans, so this fad has yet to reach its full potential. As members of Generation Z (those born between 1997 and 2012) reach adulthood, Esports and related gambling will continue to grow in popularity.
As a result, today’s youth are abandoning traditional sports in favor of Esports. The growing audience for professional video game competitions is an indication of this sea change.
This has helped Esports grow into a legitimate sector of the gambling market. These days, virtually any online bookmaker will let you wager on an Esport.
Will Esports Betting Continue to Grow?
Betting on Counter-Strike: Global Offensive, Overwatch, League of Legends, Dota 2, and PlayerUnknown’s Battlegrounds (PUBG) is already available at major bookmakers like Solarbet. Esports betting is an exciting endeavor you should try at any casino trực tuyến việt nam!
While Esports are just getting started in Europe, in Asia they are already recognized as a legitimate sport, with professional players being awarded significant financial support in the form of scholarships and endorsement deals.
We estimate that in ten years, the revenue split between Esports and traditional sports will be more or less 50/50 in most countries, including Vietnam.
