eSports Betting Market Size

Global eSports Betting market size was valued at USD 9.96 Billion in 2023 and is poised to grow from USD 11.22 Billion in 2024 to USD 28.98 Billion by 2032, growing at a CAGR of 12.6% in the forecast period (2025-2032).

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. 'Bet365', 'Pinnacle Sports', 'Betway', 'Unikrn', 'DraftKings', 'William Hill', 'GG.BET', 'Rivalry', 'Loot.bet', 'EGB.com', 'Arcanebet', 'Sportingbet', '10Bet', 'Betfair', 'Betsafe'

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.

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.

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.