With a compound annual growth rate (CAGR) of 13.7%, the global esports betting market is projected to reach a valuation of $16.21 billion (£11.98 billion) in 2025 and soar to $54.03 billion (£39.95 billion) by 2034, according to Business Research Insights report.
In terms of viewership, fan interaction, and organisational scale, esports are now on par with traditional sports, which is reflected in this upward trend.
Like traditional sports betting, esports betting involves players placing bets on teams or individuals competing in fiercely competitive video games, which generates a lot of market activity.
Increased global acceptance of video gaming, rising esports infrastructure investments, growing live streaming, and improved mobile connectivity are some of the main drivers of this growth.
Furthermore, developments such as artificial intelligence and virtual reality are expected to completely transform betting experiences.
Market insights show that Europe currently dominates esports betting activity, accounting for over 40% of the market share, thanks to the active participation of the United Kingdom and Germany.
Popular games like League of Legends (which accounts for 70% of betting volume), Dota 2, and CS2 are also a part of the market.
Industry Context and Emerging Trends
Government regulations continue to be a major obstacle, affecting almost 30% of the world’s esports betting market and restricting access in places like India and some parts of the United States.
The 18–25 and 26–30 age groups, who use mobile and online betting platforms more frequently, are still drawn to the market.
Betting opportunities are increasing due to the rise in live esports competitions, increased sponsorship expenditures, and wider public acceptance—as evidenced by esports’ Olympic recognition.
Betting operators like Bet365 and William Hill, that control more than 35% of revenue and indicate a moderate level of market concentration, are highlighted in the report.
Through 2034, esports betting’s development will be influenced by changes in regulations and technological advancements.
The post Global esports betting market set for explosive growth by 2034 appeared first on Esports Insider.
