The Future Of Esports Is Bigger, Messier, And Worldwide
For the last two decades, esports has blossomed into a billion-dollar industry following a trajectory that would make NASA envious. Today, players have become celebrities and esports tournaments fill football stadiums with fans cheering their favorite performers and sponsors increasing their financial injections in the ecosystem. However, esports skeptics still believe that the value of the industry and teams may be experiencing a bubble.
According to more than one observer, most people who report the success of the esports market stand to gain from it. Additionally, enormous investments drive public relations to enhance valuations and lure additional investments to keep the market running. As such, the industry’s unique dynamics and characteristics make it hard to project the future of the esports market, despite gambling operators like Betway embracing the industry.
While the esports market is completely different from traditional sports, they have several things in common. These things can help to predict the problems that the esports industry may encounter in the future. Some of the issues that may compromise esports future include:
For several years, the idea of an esports players’ union has given rise to heated arguments in gaming forums. However, you can expect teams and individual players to gain more popularity as the industry mature, leading to a boost in their economic and social leverage. However, how powerful and big that this phenomenon will become depends on how the whole industry will fare. Nonetheless, you can expect to see more titles in the Betway esports games offerings this year.
Given that all esports players are young, all the ingredients for chaos are there. Cheating scandals are not new in the market and bans for harassments have occurred already, with fraud allegations starting to take centre-stage over the last few years. Last year, the StartCraft 2 cheating scandal dominated the esports news headlines, showing a little immaturity of the industry.
Big-Time College Programs
In the US, large-scale sports programs have become major sources of revenue, underwriting lots of sports programs. The biggest revenue generators are basketball, football and high-profile sports. However, if the esports market continues with its current trajectory, It will make economic sense to have similar programs for esports athletes in college.
Besides esports receiving major support from betting companies like Betway, one of its main advantages over sport like football and basketball is that it doesn’t require expensive training facilities and big coaching teams. That means esports can result in bigger profits at a faster rate compared to conventional sports.
State-Sponsored Training Programs
In several international sports like Olympic Games, winning athletes and teams bring great prestige to their countries. For instance, China ran Project 119 to recruit athletes that would maximize the country’s medal count during the Beijing Olympics, and it worked.
The esports industry has reached a point where similar operations will be witnessed soon in a bid to identify, nurture and develop players who will be celebrated in their home country. Soon, you can expect to see esports become part of the Olympic Games, leading to the creation of national teams. That’s because creating and managing the teams is relatively inexpensive no matter hos esports goes economically.
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