Esports betting dashboard: April 2020

H2 Gambling Capital and iGB are pleased to bring you the April 2020 Esports Betting Dashboard.

iGB’s principal data partner believes gross win from esports betting will grow by 39% year-on-year in 2020, to reach $343m.

By 2024, H2 is projecting the market to generate $862m in revenue, growing its share of global betting GGR over the next five years from 1.6% in 2019 to 3.2% by 2024.

The comparative impact of the pandemic on esports betting vs. sports betting is shown in Table 1 below.

H2's analysis shows the year-on-year growth rate in revenues from esports betting accelerating from 60% in the last two weeks of March to 100% in the period 1-10 April, reflecting more operators offering and promoting esports as a gambling product and potentially some substitution of sports betting activity with esports.

This growth compares to a 70% decline in traditional sports betting revenues in the fortnight to the end of March, declining further to 75% in the first ten days of April, due to the wholesale suspension of the most popular competitions and leagues for sports betting as a result of the pandemic.

“While 'other esports' have had the highest growth – up around 1000% in the past few weeks due to high-profile events such as NBA, FIFA and eSport Grand Prix events – the top 3 products (League of Legends, CS:GO and Dota 2) still represent around 95% of all esports betting activity,” H2 explained.

H2 Gambling Capital is the gambling industry's leading consulting, market intelligence and data team. The company has a track record of 15 years focused on the global gambling industry, its projections have been influential in shaping legislators'  and investors’ views of the gambling sector across the globe.

Photo by Lucie Liz from Pexels