Online entertainment has become a popular pastime for millions of people in 2021, and the trend is still growing. As more and more people try to distance themselves from others physically, the demand for online shopping, streaming services, and social media has increased. This social distancing trend has also forced many casino players to stay away from land-based operators and explore online platforms to satisfy their desire to enjoy casino games.
In 2020, online gambling reported a significant boom, with many players betting on jackpot village and similar platforms despite the temporary suspension of sports. However, the temporary suspension of sports also contributed to the eSports industry’s growth amidst the chaos. Last year’s sports suspension left most fans craving for other entertainment options and competitions like esports. Punters were also able to have fun with esports betting through virtually held tournaments, while the usual sports betting was halted. A report from Market Research said that The global eSports Betting market size is projected to reach US$ 18499.0 million by 2026, from US$ 7758.6 million in 2019, at a CAGR of 13.67% during 2021-2026.
All indicators show that Online Gambling Is Growing and will continue to do so in the next several years. A report from The Game Haus, said “The huge growth in esports has given rise to new markets for online gambling, with high-stakes events available for betting worldwide. Today, leading online bookmakers are not only offering traditional sports like football, cricket, and tennis but also esports tournaments for games like League of Legends. Esports accessibility is also creating many opportunities for various gaming companies and fans. Last year, most people relied on technology and fast internet, incorporating everything from instant messaging applications to video call software. That allowed professional players and tournament organizers to communicate effectively, attract an online audience and run live streams. The esports market was around the billion-dollar mark annual revenue in 2019, and it has continued growing over the last year. The audience numbers are also growing bigger every year, with… millions of fans and steamers are joining to enjoy the playthroughs, esports, and live streams.”