USD 2.51 billion
eSports Betting Market Size, Share, and Growth Analysis
eSports Betting Market By Game Type (League of Legends, Dota 2), By Platform (Online, Offline), By Device (Desktop, Mobile), By Age Group (Ages 19-25, Ages 26-30), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25N2013 |
Region:
Global |
Published Date: February, 2025
Pages:
192
|Tables:
86
|Figures:
71
Format -
eSports Betting Market Insights
eSports Betting Market size was valued at USD 2.51 billion in 2023 and is poised to grow from USD 2.97 billion in 2024 to USD 11.56 billion by 2032, growing at a CAGR of 18.5% during the forecast period (2025-2032).
The esports betting market has been under high development due to various factors including the high realization of competitive gaming and the emergence of e-sports. Currently, the high engagement of viewers and players at all levels fuels the betting industry as the development of the industry continues. The growing number of e-sports tournaments and competitions, attracting an international audience and offering attractive prizes, is one of the key drivers for the growth of the global esports betting market. This surge in major events has, therefore, opened a promising avenue for the esports betting market due to the tendency of more spectators to place bets on their favored teams and people.
There is an increasing demand in online gaming and e-sports betting, and this is based on the roll out of modern gaming technology, coupled with shifting consumer preferences on entertainment. Consumer platforms for e-sports betting give consumers an enriched gaming experience through the fast-rising application of VR and AR. In addition, with an increasing enthusiasm for mobile games and growing consumers' disposable incomes, the development of the market is also facilitated by these drivers. Moreover, widespread smartphone penetration and internet availability allow ease of access to betting platforms primarily in emergent markets. The market has ample potential to expand further with an increasing population indulging in online gaming and making bets over e-sports. It's the perfect chance for operators as well as bookmakers.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Online Betting
Fastest Growth
Offline Betting
Growth Rate
18.5% CAGR
Global eSports Betting Market ($ Bn)
Country Share for North America (%)
To get more reports on the above market click here to Buy The Report
eSports Betting Market Segments Analysis
Global eSports Betting Market is segmented by Game Type, Platform, Device, Age Group and region. Based on Game Type, the market is segmented into League of Legends, Dota 2, Counter-Strike: Global Offensive (CS:GO), Fortnite and Others. Based on Platform, the market is segmented into Online and Offline. Based on Device, the market is segmented into Desktop, Mobile and Console. Based on Age Group, the market is segmented into Ages 19-25, Ages 26-30 and Ages 31 and Above. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Betting Type
As per the 2024 global esports betting market analysis, the real-money betting segment remains the market leader. This kind of sports betting is actually betting with real money on diverse e-sports events such as tournaments and matches. The significant prevalence of conventional gambling and the legal frameworks existing for real-money betting sites have greatly contributed to this predominance. With e-sports going mainstream, more and more bettors are shifting to real-money platforms that will help them benefit from the competitive nature of games such as League of Legends, Dota 2, and Counterstrike. In addition, the expansion of the market to be available and attractive to an international audience has been supported by the emergence of mobile betting apps, secure payment gateways, and an increasing interest in digital sports books.
Among the youth and technology-obsessed gamers, it is anticipated that the category of skin betting will gain extensive acceptance. This form of betting utilizes in-game cosmetic items referred to as skins as "play money" whereby wagers are placed on various e-sports events. Since digital cosmetics are now in greater demand, skin betting becomes more attractive to the participant, especially in games like Counterstrike. With this idea, owners of rare or highly sought-after skins can now bet on a particular outcome using those skins, thus elevating the fun aspect further. Though skin betting is being judicially and regulatory challenged, it is certainly a novel, exciting, and fresh form of gambling closely affiliated with the gaming culture, attractive to those players who would rather bet in alternative currency-like formats instead of in traditional currency-driven models.
Analysis By Platform
Based on the 2024 global esports betting market forecast, the market is dominated by online betting for e-sports betting. Internet accessibility and the smartphone user base are rapidly increasing, making online betting sites the only feasible choice for a global market. The dominance in the market may be due to factors such as convenience, accessibility, and the instant placing of bets during live events. There are many online sites with several betting options like real-time odds, live-tournaments streaming, and secure payment options. Due to its easier access, most gamblers will always favor online betting.
Offline betting is not as popular as online sites. However, it will rise tremendously in the future. The increase is largely due to growing physical betting shops, e-sports arenas, and land-based casino partnerships. Over time, the event industry has witnessed more e-sports activities move from being pure online to gaining mainstream recognition, with less touchy applications in offline betting, meaning that fans must get involved and experience the events in person. In addition, using VR and AR technologies may make offline e-sports betting events more immersive. As the regulations on e-sports betting keep on changing, off-line betting will gain more ground in the market.
Global eSports Betting Market By Platform
To get detailed analysis on other segments, Request For Free Sample Report
eSports Betting Market Regional Insights
North America dominated the esports betting industry. The e-sports ecosystems of both the United States and Canada are mature, with a rapidly growing base of spectators, numerous professional participants, and numerous large-profile events. The region reaps benefits from having a sound regulatory framework, a well-developed online betting infrastructure, and high and pervasive internet penetration. Other key contributions to the North American market are also being made by major e-sports organizations and traditional gambling operators. The esports betting market in the United States have also provided an attractive environment for both operators and participants in further expanding the scope of e-sports betting.
The esports betting market is expected to grow at the fastest rate in Asia Pacific. The high-pitched growth in the gaming industry during the last few years has been quite phenomenal in countries such as China, South Korea, Japan, and India, supported by a huge gaming population, affordable internet access, and high mobile penetration. The growing popularity of mobile gaming, especially in countries like India and Southeast Asia, is driving demand for e-sports betting. The market is also expected to be driven by government initiatives and increased investment in the region's e-sports infrastructure. Asia Pacific is predicted to become a significant esports betting center as regulatory frameworks and mobile-first gaming continue to develop.
Global eSports Betting Market By Geography
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
eSports Betting Market Dynamics
eSports Betting Market Drivers
Rising Popularity of E-sports
- The growing popularity of e-sports has a strong impact on the global esports betting market outlook. E-sports tournaments and championships gather millions of viewers thus hosting enormous audiences to the betting platforms. The International and League of Legends World Championship are significant, and such games create much publicity and interest in them, and therefore, the demand for betting options upon those games is created. Mainstream recognition of e-sports is helping to expand e-sports betting.
Expansion of Online Betting Platforms
- Continuous online betting platform development contributes to this aspect. It includes growing smartphone penetration, more efficient internet usage, and smooth betting applications accessible through the net. Therefore, placing bets during e-sport events becomes really easy for everybody. These sites have gained significant attention by showcasing a diverse pool of choices as far as wagering options go, with odds available in real-time and a live feed. Additionally, some mobile-first solutions and secure payments are there too to make the user further involved.
eSports Betting Market Restraints
Legal Boundaries and Bureaucratic Barriers
- There still exists much legal and regulatory ambiguity in most places regarding the practice of e-sports betting. In most countries, e-sports betting remains either heavily controlled or even untouched by regulation; this complicates the efforts by operators who try to penetrate those markets. There is growth, but not significant, in that market because standardized regulations do not exist and some concerns regarding betting addiction do plague consumers and business ventures alike entering the market.
Security and Fraud Concerns
- The global esports betting market continues to face severe hindrances in the face of security threats. As people generally engage in online wagering, security risks such as cyber threats, data breaches, and fraud generally rise. The increased risk of hacking and identity theft is one of the major security risks influencing the overall trust factor in e-sports betting platforms and can make people refrain from placing their wagers with increasing use of cryptocurrencies and digital wallets.
Request Free Customization of this report to help us to meet your business objectives.
eSports Betting Market Competitive Landscape
The global esports betting market is dominated by the largest participants, including Bet365, Pinnacle Sports, Unikrn, Betway, and DraftKings. Through a diverse array of betting, real-time odds, and live coverage of major tournaments, the aforementioned participants have effectively capitalized on the sustained interest in e-sports betting. In addition, cryptocurrency-based platforms and new regional wagering operators are also gaining traction, thus making this market highly competitive, dynamic, with growing user bases and new products.
Top Player’s Company Profile
- Flutter Entertainment (Ireland)
- Entain plc (UK)
- Bet365 Group Ltd (UK)
- DraftKings Inc. (USA)
- Pinnacle Group (Curacao)
- Betway Group (Malta)
- 888 Holdings plc (Gibraltar)
- Kindred Group plc (Malta)
- Bet-at-home.com AG (Germany)
- Luckbox (Isle of Man)
- HLTV (Denmark)
- Betsson AB (Sweden)
- William Hill plc (UK)
- Betfair (Ireland)
- Unikrn (USA)
- Esports Entertainment Group (Malta)
- GG.BET (Cyprus)
- Rivalry Corp. (Canada)
- Parimatch (Cyprus)
- LeoVegas AB (Sweden)
Recent Developments
- November 2023: The Unikrn esports betting platform is the first to accept cryptocurrency as a medium of betting. Users can now place bets in Bitcoin, Ethereum, and more digital currencies. This falls under an overall trend of accepting cryptocurrencies for online betting, attracting a younger and tech-savvier audience while maintaining safe and rapid transactions.
- July 2023: DraftKings, a brand that has already gained significant accolades for its daily fantasy sports, has just expanded into the e-sports betting field. It is taking advantage of the fast-growing e-sports fanbase through the addition of wagering opportunities on the more popular games League of Legends and CS: GO. The addition of wagering options by DraftKings speaks to the ambitions of this firm to diversify its offerings portfolio and secure an increased share of the esports betting market.
- March 2023: Betway, one of the leading players in the e-sports betting market, has increased its deal with ESL Gaming to become the official betting partner of ESL Pro League. Through this strategic deal, Betway can strengthen its footprint in the e-sports space further by increasing its brand visibility and providing exclusive wagering opportunities during key e-sports tournaments to spectators tuned in for big, annual e-sporting events such as Counterstrike.
eSports Betting Key Market Trends
- Incorporating Betting with Cryptocurrency: Cryptocurrency is quickly becoming the world of e-sports betting. More gamblers are becoming fascinated with digital currencies such as Bitcoin and Ethereum for its anonymity, rapid transaction speed, and significantly smaller fees. As such, modern e-sports betting sites must include payment through these mediums as a means to tap into a crypto-loving user base that would appreciate such cutting-edge features in their gambling needs. Cryptocurrency adoption is thus sure to accelerate in the space of e-sports betting when it is mainstreamed.
- Emergence of Mobile E-Sports Betting: The rapid expansion of the mobile e-sports betting trend is a direct result of the prevalent use of mobile apps and smartphones. Mobile-first wagering platforms are giving users the opportunity to place bets on live events from any location, making it advantageous to access e-sports betting on-the-go. This trend is driven by the growing global preference for mobile gaming and betting applications, which offer a more immersive and accessible experience to users.
eSports Betting Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global e-sports betting market is rapidly growing with the rise of e-sports, the proliferation of online platforms, and the adoption of innovative betting options such as skin betting and cryptocurrency. Live streaming and mobile-first solutions have increased the participation of the audience considerably, although real money is the largest sector. This sector holds immense opportunities, though legal and security constraints in the regions like Asia Pacific have some inhibitions. The esports betting market is on the verge of further growth due to the increasing adoption of smartphones, the increasing penetration of the internet, and changes in consumer entertainment preferences. The market will be more competitive and innovative due to the development of better services by industry participants, which means new opportunities will be created both for consumers and operators.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.51 billion |
| Market size value in 2032 | USD 11.56 billion |
| Growth Rate | 18.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on eSports Betting Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on eSports Betting Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the eSports Betting Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the eSports Betting Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the eSports Betting Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the eSports Betting Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
