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
SiGMA North America 2026
01 de September 2026
LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 2026 / 12:00
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