With the recent popularity of eSports games, many people love to take part in competitive video games and eSports.
Esports is a growing global industry in which video gamers compete. Similar to how traditional sports feature games in baseball, basketball, and football, esports includes matches in a range of video games.
Esports games are not just a game occurring in the basements. The sector is real, growing globally, and investable.
What is Esports?
Esports, short for electronic sports, is a type of video game competition and online gaming. Esports offer multiplayer video game competitions, mainly between pro players, either individually or as teams.
If it’s tough to say why one would want to watch else play a video game, with how fun it is to watch LeBron James or Steph Curry play basketball. Fans of elite video gamers love watching top athletes play in the same way that old sports fans like watching top athletes perform at the top of their game.
History of Esports
In the 1990s, gaming went from a casual hobby to a firm of pro sport online gaming. Today pro gaming, also known as eSports games, is a soon-to-be 1 billion dollar firm. Matches are seen live by tens of millions of people, and their potential Olympic debut is on the horizon.
The eSports in India is a modern-day gold rush, with big changes year after year. Esports events are televised on major media networks such as ESPN, TBS, SyFy, and Telemundo, traditional sports leagues such as the NHL and NBA have made leagues, and owners of NBA and NFL clubs have added ownership shares in esports teams.
Over 600 colleges and uni’s in the US have launched varsity esports online gaming teams and/or esports scholarships. This year PlayVS announced a deal to introduce esports to 19,500 high schools. The stats suggest that eSports is here to stay.
What makes Esports games so popular?
Gamers adore competition. They want to be the best. From 1972, when the winner of the first eSports event received a year’s subscription to Rolling Stone magazine, to today, when prize pools may reach tens of millions of dollars 9, winning is at the heart of what it means to play video games.
eSports in India is also available. Old sports may need to organize people into the same physical location. However, gaming allows you to play with teams from all over the world with an internet connection from the comfort of your own home.
The eSports and competitive video gaming scenario in India
Competitive gaming has occurred in some form since at least 1980 when Atari staged the first-ever national Space Invaders league. Online Gaming is mainly about competition.
In the early days of arcades, gamers always tried to beat one another’s top scores and compete in gaming wars. The desire to see huge competition amongst big and expert gamers is strong.
The online gaming industry in India will be worth $1.8 billion by 2021. In India, there are already over 430 million mobile gamers, with mobile eSports coming a key trend.
With big-name eSport leagues like ESL, DreamHack, and other staging events in India, the industry is ripe, and India will see huge growth and investment in the eSports in Indian market over the next five years.
How eSports makes money and famous revenue models
The income model of eSports in India differs from that of traditional sports. To begin with, eSports is a broadcast-based economy, with media rights being the main source of revenue.
Second, eSports games produce cash through sponsorship, merchandise, and ticket sales. Surprisingly, the income model of eSports is very similar to the movie industry.
eSports, like movies, make cash through TV rights, sponsorship, merchandise, and ticketing. The only difference is that eSports earns far more money from media rights than the film industry.
This is because the movie industry is heavily reliant on box office sales, whereas eSports derives the majority of its shares from media rights. This is because eSports games are a global thing, with fans, players, and teams from all over the world taking part.
The Esports gaming industry is the most tech-driven sport the world has ever seen. There’s a strong chance it will pass traditional sports within the next 5-10 years.
In recent years, eSports in India has become a rich industry, with hundreds of millions of dollars in profit. Because of its popularity, it operates similarly to other pro sports leagues. Players are paid by the operators in exchange for taking part.
The operators are paid by the distributors in exchange for the right to show the games, and the audience is paid in exchange for the right to watch. eSports, like other sports and firms, also profits from the sponsors and partners who appear in the games.