How Esports Betting Is Exploding in Popularity

esports wagering growing rapidly

Fast Growth of Esports Betting

popular games increase gambling revenue

The world esports betting field has seen huge growth, reaching a $12.5 billion worth in 2022. This big rise is a 350% jump in bets in just two years, showing the field’s strong push.

Lead of Mobile Gaming

Mobile bet sites have changed the game, now making up 75% of all esports bets. This move to mobile shows how the market has changed to meet new game needs and easy use.

Top Games and Their Hold

Three games lead the race, taking 85% of all betting:

Growth and Who Bets

Reports say the value will hit a big $20 billion by 2025. The growth is mostly due to tech-love young people aged 18-34, who make up 68% of all users on betting sites.

New Moves and Smart Plays

Crypto bets keep going up with a 42% yearly rise, while more rules around the world mean better safety and trust. These moves are changing the esports betting world, making new chances and ways to bet.

Digital Sports Bets: Market Study

Growth and Change

Digital sports bets have grown a lot since 2018, with the global esports bet market now at $12.5 billion in 2022.

Old-style sportsbook sites have changed a lot, adding esports. Leaders DraftKings and FanDuel saw a 350% rise in esports bet amounts from 2020 to 2022, helped by the push from old to new bet sites due to the health crisis.

Crypto and New Ideas

Crypto esports betting helps grow the market with a 42% yearly rise. Top games like CS:GO, League of Legends, and Dota 2 lead with 80% of bets, standing as top betting spots.

The more mobile betting apps change how easy it is to get in, creating a 275% jump in new bet users since 2019.

Who Bets and Market Hopes

A big change in who bets marks esports betting from normal sports bets. While old sports bets draw the 35-50 group, esports betting draws a much younger group, the 18-34, making up 68% of all users.

This young-driven market, with new rules in places like the US and EU, is set to jump to $20 billion in value by 2025.

Key Growth Marks

  • Market Size: $12.5 billion (2022)
  • Bet Volume Growth: 350% (2020-2022)
  • Crypto Betting Rise: 42% each year
  • Main Group: 68% aged 18-34
  • Hopeful Value: $20+ billion (2025)

Main Games and Esports Bet Growth

major industry market leaders

Top Games in Esports Bets

The esports bet scene is owned by three big games with 85% of all bet action in 2022.

Counter-Strike: Global Offensive (CS:GO) is at the top with 38% of bet amounts, while League of Legends has 26% and Dota 2 has 21% of all betting.

CS:GO’s Bet World

Counter-Strike: Global Offensive stays on top with its round-by-round play.

The game set-up lets for many bet chances, like bets per round, player scores, and who wins.

This detailed betting set-up gives many points to join in during each game.

Big Tournaments and Market Moves

League of Legends sees the most bets at big events, mainly the World Championship.

The huge watch count during these times brings a lot of betting, making the market go up in areas across the world.

Games with clear scores and set play ways always pull the most bets.

Up and Coming Game Types

The battle royale part, led by PUBG and Fortnite, makes up 8% of bet amounts, while fight games and sports sims have 7% of the market.

Wins for bet-friendly titles come from set match ways, easy to get real-time data, and big pro events, drawing both fun and serious betters.

Get How Modern Esports Betting Markets Work

Old Sportsbook Players

Old-style sportsbook sites have welcomed esports betting by mixing it well with their bets. Leaders like Bet365 and William Hill now offer full esports bets, including match winners, big event wins, and handicap bets.

These big players hold 35-40% of all esports bet amounts, though they often don’t have special bits made for game fans.

Esports-Only Places

Just esports bet sites have changed the market with just-for-gaming options. Names like GG.bet and Unikrn use live streaming, deep stats, and game-only bet markets to make a better user time.

With their tight focus and deep know-how of game workings, these sites hold about 45% of all bets, putting them as top names in the space. Waking Fleeting Dealer Tics for Splitting Daybreak

Crypto Bet Sites

The start of crypto bet places marks a newer way in esports bets, making up 15-20% of all bets. These new spots let bet person to person with less cost and fast pays.

Names like Thunderpick bring in cool things like skin betting and tourney prize adds. While they give big wins in speed and cost, these spots face ongoing rule fights across lands.

Market Changes and What’s Next

The mix of different esports bet ways makes a strong world that fits different user needs and wants. As the market gets older, the mix of old and new bet ways will likely change the game field, bringing more new ideas and more users.

Mobile Places Change How We Bet

Mobile Bets Take Over

Mobile bet apps have really changed the esports betting scene, with over 75% of bets now made on phones and tablets.