How Esports Became One of the Fastest Growing Industries
While the gaming industry has been around since Pong, the term esports wasn’t introduced until the 1990s and didn’t start gaining traction until the early 2000s. Despite being a niche subculture, it is one of the fastest-growing industries in the world. Estimated to reach $1.62 billion by 2024, the esports industry has a long history, […]
Will the Chinese New Year impact Biden’s promised COVID test kits and delay esports live competition?
While the new coronavirus strains and outbreaks continue to postpone in-person tournaments and events, including sports and esports, President Joe Biden had announced in December that 500 million COVID-19 rapid test kits would be purchased and distributed to the public. However, Biden’s promise may soon prove hollow as the Chinese New Year is also rapidly […]
Esports Industry Growth Underestimated, Will Exceed $2.5 Billion in 2022
Most projections estimate that the esports industry for competitive video gaming will surpass $1 billion in revenue in 2021. Further, Newzoo projects the industry to maintain a 15% annual growth rate reaching $1.8 billion by 2022, with revenue flowing into esports through media rights, live event ticket sales, merchandise sales, and in-game purchases, but most […]
Gamer Personas and the Nine Different Types
Esports data company Newzoo found new insights on the different types of gamers and revealed their nine types of personas that video game players can fall into. Newzoo’s Segmentation Data Newzoo’s data found different archetypes that all gamers can fall into. The value of knowing more about these nine gamer personalities is primarily for marketing […]
Esports White Paper from AGC Partners Explains it All
AGC Partners, an investment bank focusing on strategic advisory, just released its latest white paper, covering the esports industry in its entirety. Esports White Paper In a sector that is seen as one of the fastest-growing areas of the world, competitive gaming needs big updates. The new report provides a very comprehensive outlook into the […]
Esports Business Models to Survive the Pandemic
The COVID-19 pandemic has laid waste to global economies and annihilated entire industries. However, some industries have fared better than others during the outbreak. One of these is the esports sector and its unique business models. Once the reserve of video gaming enthusiasts, the esports market grew in popularity in recent years and managed to […]
Envy partners with Generation Esports for High Schools and Middle Schools
Esports company Envy Gaming announced yesterday that it’s partnering with Generation Esports to improve the scholastic, high school, and middle school scenes in Texas. Envy Grows Scholastic Esports The partnership looks to expand the curriculum available to students. Thanks to Envy’s large network, this includes opportunities like interaction with esports players, content creators, and even […]
Esports Certification Institute established for aspiring professionals
The Esports Certification Institute (ECI), a new organization to provide guidance, education, and certification for aspiring industry professionals, was officially announced and established today. We are excited to announce the launch of Esports Certification Institute, a Public Benefit Corporation created to foster professionalism, promote meritocracy, and increase diversity and inclusion in esports. ECI was created […]
5 Ways COVID-19 Affected the Esports Industry
It’s over a year since the pandemic struck, and many industries were affected. The esports industry hasn’t been spared either. But unlike most sectors that plummeted because of COVID-19’s impact, the pandemic has catapulted esports revenues, user engagement levels, and market outreach. 5 Ways COVID-19 Hit Esports Accelerating growth comes despite the cancellation of several […]
How is Esports Betting different from Sports Betting?
Betting in esports has grown exponentially during the COVID-19 pandemic. As physical sports shut down due to the need for social distancing, esports continued in an online format. Esports betting, however, grew rapidly for many years. The pandemic only quickened its adoption and more and more people are slowly becoming familiar with esports betting. For […]
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