The sports betting market is in the midst of a major transformation and is witnessing a surge in esports betting activity, with many players now actively participating in esports competitions, as well as on live events and other online platforms.
According to data released by the esports industry association SESAM, the esports market reached $1.6 billion in 2015 and now stands at $2.3 billion.
SESam said in a report that the esports betting market has grown at an annualized rate of 17% since 2015, with the total value of esports betting at $4.9 billion, with approximately $2 billion of that amount being bet on live sports events.
The esports industry is now expected to reach $3.1 billion in 2019, with revenues expected to exceed $2 trillion by 2024.
While the esports gambling market is still growing, the numbers aren’t as strong as the gambling industry in the United States.
The total value held by the sports betting industry at $3 billion was more than triple the $1 billion held by gambling, according to SESA.
While the overall esports gambling industry is still small, it is growing exponentially, with an estimated 1,200 licensed esports betting operators and over 1,400 live events each year.
While betting on esports is not currently legal in the U.S., there are many companies that are operating in the country, including SESAB and SESM.
According to SBS, there are currently 5,000 esports players and teams in the US, and more than 60 percent of them live in the Las Vegas area.
In fact, SESAMA has said that the U, SBS and CBS were the three largest esports leagues, while the National Collegiate Gaming Association (NCGA) is the second largest esports league in the world.SESAM said the esports bettors were also the main reason for the growth in the esports gaming industry in 2016.
The SESSA report found that the average bettor is in line with a trend that is seen in the gambling market: betters are actively participating online in esports tournaments and online sports betting.
Sesam said the data also indicated that the bettor was also actively participating on live esports events.
“We see that the eSports bettours are actively contributing to esports by providing live events with live bettons.
We see that esports betters are also participating on esports live events by providing esports betton with esports live bettons,” SESAA’s Mark Tompkins said in the report.
While there is no data to show the exact numbers for live esports betting in the USA, according the data, bettards are participating in live esports tournaments across the country at a rate of 2,500 per day.
In the past few months, Sesama has also reported that betting on live games is also increasing in the Esports bettour market, with SESMA data showing that bettivers have bet on esports games at a rapid pace in 2016, with bets on live CS:GO tournaments at a $1 million annualized average.
Bettors are also actively betting on other esports games, such as CS: GO, Dota 2, Overwatch, Overwatch League, League of Legends and Hearthstone.
Sesam noted that esports is currently in the early stages of its evolution, and the betting market will continue to evolve in the coming years.