Four things you should know about e-sports in 2020

Four things you should know about e-sports in 2020

In the world of entertainment, everything is moving towards a more digital experience. Though live entertainment doesn’t seem to be dying down anytime soon, the number of digital experiences is increasing every single day.

New emphasis on digital experiences is bringing a more personal and customizable touch to old forms of entertainment. 

For example, the rise of television made it possible for people to enjoy shows from the comfort of their own homes. And now streaming sources are making it so that people can watch what they want when they want.

But it doesn’t stop there. This growth in the digital sector is happening in all fields. One of the fastest expansions is occurring in e-sports. 

  The term ‘e-sports’ stands for ‘electronic sports.’ E-sports refer to everything from online gaming to online sports betting. And both are becoming more and more popular.

In 2018, the United States Supreme Court struck down PASPA, the federal law that banned single-game wagering. Since then, states have been allowed to set their own rules on sports betting. And many, though not all, have legalized it.

Online sports betting is now legal in over ten states. But you might be wondering, if it’s online, then how can anyone keep track of where you’re making the bets? 

Sports betting can be performed on both websites and mobile apps. Many of these will verify your location so that if you’re in a state where online sports betting is illegal, it won’t let you place a bet.

Since becoming legal in the United States, online sports betting has skyrocketed. But this comes at no surprise, especially considering the rise of online gaming culture and online casinos. 

Like online casinos, online sports betting is allowing fans to be able to engage more in their favorite sports and even make some money from it. 

The switch to an online platform has allowed people to place bets from their own homes. Now, people don’t have to travel to place their bets.

Since its recent legality in some states, it’s expected that online sports betting will grow even further. It’s likely that sports betting will become legal in other states and countries as well.

With its legalization and increased popularity, the growth of online sports betting is changing the general attitude towards sports betting and gambling in general. Many people have negative feelings towards betting, but this will probably become more positive over time.

So, if you’re interested in e-sports or online sports betting, more specifically, here are four things you should know.

1. E-sports is a huge industry.

E-sports has become such a popular form of entertainment because it combines many of people’s favorite activities. It’s accessible, diverse, and gets people’s blood pumping with its competitive nature.

According to Gamblers Daily Digest, the online gambling market in the United States alone is projected to be worth over $4 billion. Because people continue to place sports bets illegally, the United States is losing a huge source of revenue. The American Gaming Association estimated about $150 billion is illegally wagered each year.

2. E-sports is influencing the expansion of the technology industry

As E-sports becomes more popular, the demand for e-sports is keeping the technology industry on its toes. Since esports have expanded from online to the mobile app industry, esports companies have to keep up with the growing tech industry.

Some have even suggested that esports is helping increase diversity in the technology industry. The opportunities created within technology from the expansion and innovation of e-sports have helped women gain a voice.

Esports have also played a large roll in AI, as well as other parts of the data economy. 

3. Online sports betting is growing alongside online casinos

The online gambling world is growing, and the profits being made on it are unbelievable. Bet365 is a U.K. private online sports betting and casino company. It’s estimated to be worth $12.2 billion.

The CEO of Bet365, Denise Coates, is one of the most successful entrepreneurs in the U.K. She alone was paid around $424 million last year. 

But if you’re in the U.S., you should check out Bovada Casino. It has both sports betting as well as classic casino games like slots and poker. It was established in 2011 and has been growing ever since. If you want to read more about Bovada, check out this review

Like Bovada and Bet365, many online casinos are also starting to include sports betting. Not only is this profitable for the online casinos, but it’s also benefiting a huge mass of sports betting fans who are looking for additional outlets. 

4. Sports betting is becoming available almost everywhere, not through online casinos

The legalization of online sports betting and sports betting, in general, is leading to an increase of sports betting at many casinos as well. According to Weekly Slots News, after sports betting was legalized, Horseshoe Casino in Hammond, Indiana opened up a sportsbook. Indiana is one of the states that recently legalized sports betting. 

Beyond that, sports betting has even shown up in unlikely places. In New Jersey, train stations are becoming a sports betting hub. Many New Yorkers have even been traveling to cities like Jersey City, Hoboken, and Newark to get in on the betting. 

More things like this are likely to occur in the near future. 

Though it’s only the beginning of 2020, there’s a lot to look forward to in the world of e-sports. The business is constantly expanding, and companies are looking for ways to be the next big thing.

The growth of e-sports and sports betting has expanded alongside the technology industry and the changing social atmosphere. Gambling is becoming a more accepted activity, which is demonstrated by its increasing legality around the world and the United States. In addition, the online and mobile e-sports platform has become more advanced as the entertainment industry has also grown.

So if you’re interested in e-sports, now’s the time to get involved. These four important things to note about the e-sports industry will help you understand the current context around e-sports so that you can be prepared to step into the dynamic and ever-changing industry.

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Ibuki
Ibuki


Aspiring ninja.

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