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Sportsbook

Esports betting set to reach $2.5 billion in 2024

Thursday 03 de October 2024 / 12:00

2 minutos de lectura

(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 betting set to reach $2.5 billion 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

G2E - Las Vegas 2025

06 de October 2025

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Monday 13 Oct 2025 / 12:00

G2E 2025 its 25th anniversary as Gaming's Premier Global Event

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Friday 10 Oct 2025 / 12:00

Celebrating a Trailblazer: Paying Tribute to the Enduring Impact of Ernie Stevens, Jr.

(Las Vegas, NV).- The American Gaming Association (AGA), in partnership with the Indian Gaming Association (IGA), held a heartfelt remembrance on Monday at the Global Gaming Expo (G2E) to honor the late Chairman Ernest L. “Ernie” Stevens, Jr., who passed away suddenly on September 26, 2025.

Friday 10 Oct 2025 / 12:00

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