Esports betting has rapidly grown over the past few years, with the industry estimated to be worth billions of dollars. With growth showing no sign of slowing, here are 10 esports betting trends to keep an eye on in 2023:
Increased Investment in Esports: With the growth of esports, there has been an increase in investment in the industry. This has allowed for the development of new games and the creation of professional leagues and tournaments. As a result, there are now more opportunities for bettors to place wagers on esports matches and tournaments.
Growth of Online Betting: Online betting has seen a significant increase in recent years, with many sportsbooks now offering esports betting options. This has made it easier for punters to place wagers on their favourite teams and players and has also led to the creation of new betting markets.
Popularity of Mobile Betting: Many bookmakers in the UK and also online casino operators use legal mobile apps. This allows bettors to place wagers on their favorite games and tournaments from anywhere at any time, making it more convenient and accessible.
Emergence of Cryptocurrency Betting: Cryptocurrency betting has become increasingly popular in recent years, and this trend is expected to continue in 2023. Cryptocurrency offers a fast, secure, and transparent way for bettors to place wagers on esports matches and tournaments.
Expansion of Live Betting: Live betting has become a popular trend in recent years, and this is expected to continue in 2023. This allows bettors to place wagers on esports matches and tournaments as they unfold, offering a more exciting and engaging betting experience.
Increased Focus on Player Performance: As esports becomes more professionalized, there will be a greater emphasis on player performance. This will provide bettors with more information about the players and teams they are betting on, allowing for more informed wagers.
Growth of Virtual Reality Betting: Virtual reality has become increasingly popular in recent years, and this trend is expected to continue in 2023. Virtual reality allows for a more immersive betting experience, and it is likely that this will become a popular trend in esports betting.
Emergence of New Betting Markets: As the popularity of esports continues to grow, new betting markets are expected to emerge. This could include new games, new leagues and tournaments, and new betting options.
Development of In-game Betting: In-game betting is expected to become more popular in 2023, allowing bettors to place wagers on individual moments and events within a game. This will provide a more exciting and engaging betting experience.
Promotion of Esports Betting Advertising: As the popularity of esports betting continues to grow, it is expected that there will be an increase in advertising and marketing for this industry. This will raise awareness of the industry and make it easier for new bettors to get involved.