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.
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