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
AffPapa Conference Madrid 2026
18 de May 2026
Evoplay Highlights Innovation and Global Growth at AffPapa Madrid 2026
(Madrid, SoloAzar Exclusive).- Zhanna Tarakanova, PR Team Lead at Evoplay, shares insights on the company’s sponsorship of AffPapa Conference Madrid 2026, key industry trends, and upcoming expansion plans.
Friday 05 Jun 2026 / 12:00
GSH Online Media CEO Reflects on AffPapa Madrid 2026
(Madrid, SoloAzar Exclusive).- At AffPapa Conference Madrid 2026, Viorel Stan, CEO of GSH Online Media, discussed the growing influence of AI across the affiliate sector, the evolution of sports betting acquisition strategies, and how the company is positioning itself for long-term growth through technology, product development, and new B2B solutions.
Thursday 04 Jun 2026 / 12:00
"Industry Referees for a Day" Boosts Networking at AffPapa Madrid 2026
(Madrid, SoloAzar Exclusive).- At the AffPapa Conference Madrid 2026, held May 18–20 in Spain, SoloAzar once again embraced interactive formats that brought together executives, operators, affiliates, and suppliers from the online gaming industry. This year, the media outlet introduced “Industry Referees for a Day”—a social media video series inspired by soccer and refereeing. Sector leaders were invited to use red, yellow, and green cards to highlight practices that either benefit or harm the iGaming ecosystem, while also sparking fresh networking opportunities among attendees.
Wednesday 03 Jun 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.
