The business of esports is booming so much that its revenue totals are projected to be on par with other sports in a normal year when games are occurring on regular basis.
According to NewZoo, a top provider of esports analytics, business in that relatively new business channel of sports will see significant growth in revenue and participants.
Global esports revenues are projected to reach $1.1 billion this year, a one-year growth of 15.7 percent from 2019. And within that realm are the fact that $822.4 million of the revenue stream will come from media rights and sponsorship partially due to an increase of 11.7 percent to 495 million.
Recently to help fans deal with the loss of games due to the coronavirus pandemic, ESPN ran an NBA2K tournament that was won by Phoenix Suns star Devon Booker and MLB Network showed a Player’s Tournament of MLB The Show won by Tampa Bay Rays left-handed Blake Snell.
Categorized in: Esports News