Video games have dramatically advanced since their inception. Today, the casual pastime of former children evolved into eSports. This is where professional teams endlessly compete for both fame and big money. Organized video gaming is impacting the global economy in the entertainment sector. It has really taken Australia by storm!
eSports earned a spot among the fastest-growing entertainment sectors, and one of its largest before COVID-19. It continued to grow even while the pandemic was raging on. In 2020, it hit over 240 billion in revenue generation on a global scale. Australia can lay claim to a huge portion of this growth.
E-sports is an umbrella term describing organized and competitive video gaming, also known as electronic sports. This is especially professional gaming that attracts a huge audience. IESF or International Esports Federation states that e-sports is a highly competitive sports that features gamers who leverage their mental and physical capabilities to contest in numerous games in an electronic, virtual environment.
When the betting sector incorporated it into the gambling scene, e-sports became even more interesting. This is where bookies feature e-sports games that can be wagered for real money. No deposit bonus in Australia is an incentive that have continued to attract both rookies and experienced gamblers into e-sports. It further flourishes the online gambling scene.
During the peak of the COVID-19 pandemic in 2020, the global revenue generated by e-sports reached $240 billion. Moreover, according to reports from gaming experts, the expected figure for the end of 2024 if $294 billion. Australia’s digital games industry has become a base for a developing games industry that can lay claim to $226.5 million in revenue collection in 2021, out of these colossal funds. This is an increase of 22% on its 2020 figure. A breakdown of this figure shows that overseas markets contributed a massive 83%, while only 17% came from the domestic market.
