Gambling is becoming more popular worldwide because of its accessibility and fun opportunities. Esports is one of them. For example, when you visit a platform like Pin-Up casino, you can place bets on teams that play games like PUBG, Counter-Strike, League of Legends, etc. It may be controversial as some people still don’t view esports as a real sport, but no one can deny its popularity, especially in terms of betting on sports.
This article offers some valuable data on esports gambling, specifically in India. We will explore some statistics and other information that prove the impact of betting on esports.
Growth And Esports Gambling Market Potential In India
The Gaming Report in India 2022 offers data proving an expansion of India’s esports market. According to the report, the betting market value was $40 million. Moreover, data projections indicated an exponential growth trajectory, with the market expected to soar to $140 million by 2027. Such data means an astounding compound annual growth rate (CAGR) is 32%.
A substantial rise in the number of players parallels the surge in market value. Between 2021 and 2022, the player base quadrupled from 150,000 to 600,000 individuals actively participating in esports activities. Such rapid expansion signifies a fundamental shift in consumer behavior and preferences, with esports emerging as mainstream entertainment for millions of Indians.
Moreover, future projections paint an even more promising picture because most estimations suggest the player base could reach 1.5 million by the end of 2027. This increase in participation proves the widespread appeal and accessibility of esports, which is positively influenced by technological advancements and a more positive view toward gaming, specifically in Asia.
This same report also hints at the market potential and growth opportunities within the esports industry in India. The relatively new market will positively impact the country’s digital economy due to more job opportunities. For example, if the country invests more in individuals and teams participating in esports competitions or due to an increase of Indian platforms that would pay taxes from gambling in esports. It doesn’t come as a surprise today, in 2024, as it’s already known that esports are extremely popular. One of the famous online games in India today is PUBG.
Betting Impact And Intersection Of Gaming And Esports
Esports betting is becoming a dominant market globally overall. In 2024, the market was estimated at $90.8 million, proving the significant role of betting in driving revenue within the industry. Additionally, many countries, including India, have more favorable policies regarding betting.
Moreover, esports platforms are experiencing a surge in in-app purchases. Many games are free, but these in-app purchase opportunities enhance the gaming experience. They aren’t necessary but are becoming more popular as they provide options.
Moreover, the rise of global competitions and tournaments (and those fantastic large prize pools) is a significant bonus for players who want to participate actively. Besides, the COVID-19 pandemic has increased the demand for online entertainment, including esports, on online betting platforms.
The data showing how many users are interested proves that esports are here to stay in popularity and entertainment. Additionally, the intersection of online casino games and esports makes this market more accessible, even for those bettors who haven’t considered this opportunity.
