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What’s the future of online gaming industry? Find out?

Esports games are typically played in front of a live audience, and can also be broadcast over the internet. Though professional esports players can make a good living playing their game of choice. The best players in the world can earn millions of dollars through tournament prize pools, sponsorship deals and streaming contracts.

Generally, the global esports market was valued at around $696 million in 2017, and is expected to grow to $1.5 billion by 2020, according to market research firm Newzoo. The Esports industry is still in its infancy, but it’s growing rapidly. Here’s everything you guys need to know about the world of professional gaming.

What are Esports?

Although Esports, also known as electronic sports, is a form of competition using video games. Esports often takes the form of organized, multiplayer video game competitions between professional players, though “esports” can also refer to any type of digital or video game-based competition.

The first esports tournament was held in 1972 at Stanford University for the game Spacewar. Since then, esports has grown to become a multi-million-dollar industry, with professional players competing in tournaments all over the world.

What games are played in Esports?

Nearly any video game can be played competitively, but there are a few games that are particularly popular in the esports world. However, some of the most popular esports games include, CS:GO, League of Legends, Dota 2, Overwatch and Hearthstone.

How do people make money in esports?

There are a different ways that people can make money in esports. The most common way is through tournament winnings. Players can compete in esports tournaments all over the world for large prize pools. The International, a Dota 2 tournament, had a prize pool of over $24 million in 2018.

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Additionally, payers can also earn money through sponsorship deals and streaming contracts. Many top esports players have sponsorships with big brands like Red Bull, Intel and Razer. These type of deals can be worth millions of dollars.

In addition, many professional gamers also stream their gameplay on platforms like Twitch and YouTube. Some of the top streamers, like Tyler “Ninja” Blevins, can make up to $500,000 per month from their streams.

What is the future of esports?

The Esports industry is still in its early stages, but it is growing rapidly. The global esports market was valued at around $696 million in 2017 and is expected to grow to $1.5 billion by 2020, according to market research firm Newzoo. As the industry grows, we can expect to see more professional esports players, bigger tournaments and more sponsorships. We may even see esports become an Olympic event in the future.

The last word:

Therefore, the Esports industry is a new and upcoming billion dollar industry with plenty of room to grow. If you’re interested in getting involved in the world of professional gaming, there are a few ways to do so. You can compete in tournaments, stream your gameplay or sign sponsorship deals. No matter what you do, the important thing is to have fun and enjoy the game.

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