Esports betting set to reach $2.5 billion in 2024
Thursday 03 de October 2024 / 12:00
⏱ 2 min read
(United States).- According to the numbers presented by NoKyc.com, the esports betting market is set to generate $2.5 billion in revenue in 2024.
Esports is a relatively new segment in the betting market, but it has already carved out a significant market share. All prominent betting companies currently offer betting on esports events. And as the popularity of esports continues to grow, as the number of esports every year grows, one can expect the same for the market size of esports betting.
As per the latest data from Statista Market Insights, the esports betting market is set to generate around $2.5 billion in 2024. An annual revenue of $2.5 billion would represent a healthy growth of $0.4 billion from $2.1 billion generated in 2023. Thus, on a year-on-year basis, the esports betting market is expected to grow by more than 19%.
The annual revenue
If we go further back in time, the annual revenue from esports betting stood at just $0.6 billion in 2018. The growth of annual revenue from $0.6 billion in 2018 to $2.5 billion in 2024 means that the market has grown by more than 4x in the space of six years, which is an impressive growth rate for any market. However, as per the estimates from the report, the growth in esports betting is expected to plateau a bit in the coming years.
The market is expected to grow by another 12% to $2.8 billion in 2025. Over the course of the next four years, from 2025 to 2029, the esports betting market size is expected to grow to $3.5 billion.
As things stand, the United States represent the biggest market for the esports betting industry, followed by countries such as the United Kingdom, Germany, South Korea, and Japan.
Categoría:Sportsbook
Tags: Sin tags
País: United States
Región: North America
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
GAT Expo Cartagena 2026 came to an end after a resounding success
(Cartagena de Indias).- With this closing, GAT Events continues its remarkable 2026 circuit with upcoming stops in Mexico City, São Paulo, San Juan, Bogotá and Santo Domingo, consolidating its presence as a B2B platform for the development of the legal gaming business in Latin America and the Caribbean.
Friday 27 Mar 2026 / 12:00
Latin American Regulators Unite to Tackle Illegal Gambling and Highlight Risks for Minors
(Cartagena de Indias, SoloAzar Exclusive).- At GAT Expo Cartagena 2026, Jesús Mariano Acevedo, President of LOTBA (Buenos Aires City Lottery), took part in the regulators’ panel where he analyzed online gaming challenges, the rise of illegal gambling, and the need for a joint strategy between the public and private sectors in the region.
Friday 27 Mar 2026 / 12:00
Nevada’s Regulatory Model Offers Key Lessons for Latin America at GAT Expo Cartagena 2026
(Cartagena de Indias, SoloAzar Exclusive).- During GAT Expo Cartagena 2026, SoloAzar provided exclusive on-site coverage of the international conference “Lessons from Nevada’s Regulatory Model for Latin America,” where Brian Krolicki, Vice Chairman of the Nevada Gaming Commission, delivered a comprehensive overview of regulatory best practices, emphasizing that “strong regulation is not the enemy of a successful gaming industry—it is the foundation that makes long-term growth possible.”
Thursday 26 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.