Once a niche market, esports is becoming a global phenomenon. Estimates are that it will become a billion-dollar industry this year with the potential to grow massively beyond that in the coming years. Indeed, China is already reporting that it expects to have an esports industry worth billions within the next few years alone.
Given those numbers and the capacity remaining for growth, it is abundantly clear that these big businesses want to claim a slice of the financial bonanza pie. That may sound somewhat callous, but there is no doubt that if esports were not likely to be significantly profitable, then these companies seeking to invest would be far less enthusiastic.
However, the benefits of this will be felt within the esports community in a number of ways. Prize money at tournaments can increase markedly as a result of a sponsorship deal with a big company, furthermore, having that name linked with the tournament can also significantly raise its profile, thus attracting potential other investors.
Original article can be found on esportsbets.com