Esports is now worth a billion, Newzoo predicts

 

1. Esports Is a Billion-Worth Industry

Esports is now worth a billion, Newzoo predicts, as the company has revised its latest profit outlook for the global competitive magazinehouse.us gaming market in a new report. According to Newzoo, esports are generating significant gross receipts, and while the industry isn’t growing at the heady pace previous years have attributed to it, it’s certainly there.

The fact that esports is worth over $1 billion now is quite impressive all by itself. In comparison, the video gaming industry is valued at $123 billion in the United States alone. This means that esports has a very, very long way to go in achieving their full potential, and this is going to be happening over the next decade.

2. Demand for Esports Specialists Is Growing

You may think that esports is not something you would need to “study up” for. Nothing could be further from the truth. magazinepot.com As things stand, esports is actually a profession that requires the right mindset and academic preparation. To give you a simple example, many big- malibutimes.net league sports bosses are leaving provenly successful businesses to join esports organizations.

Sports bodies such as the MLB, NBA, , and MLS are all seeing executives go, who are switching to esports. In other words, the most serious men and women in sports business are deciding to make the shift towards esports, and this makes sense.

Not only that, but there is demand for writers, content creators, marketing experts, players, tournament organizers, HR, recruitment officers, and all sorts of other professions that make up the ecosystem of any successful industry. However, the majority of these skills can only be taught in universities and this is why esports colleges are a thing.

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