Believe it or not, these days, you can pretty much earn money doing what you love the most. In fact, for the past couple years, there has been a wave of excitement in the video game industry. Video games have not only become more interactive, but they’ve also become more competitive amongst players. Serious players have created competitive teams and major companies have held global tournaments with a large pot of money for winners to take home.
There never was a better time to be a gamer than right now. Getting paid while playing your favorite video game may have only been a dream to video game enthusiasts almost half a century ago, but thanks to advances in technology and the rise of live streaming services, the dawn for the new era of sports has arrived. Welcome to the world of cyber sports!
If you’re a gamer and you want to make money on eSports, then read on.
What Is eSports
To put it simply, eSports is the term used for competitive video gameplay. It’s a growing industry with major brand sponsorships and millions of fans around the globe. Truly, it has turned the casual players into serious pro players and video game streamers alike.
The eSports Industry
The truth is it’s not that easy to earn just by playing video games. It will take hours of work and discipline. The world of eSports is almost as competitive as major league sports, if not more. It’s not easy to qualify into teams, and the training certainly isn’t for the faint of heart.
Professional players play video games for eight hours a day on average, sometimes more. That’s like working for a typical nine to five job. But, the payoff is certainly worth it once you start playing competitively.
The eSports industry has grown exponentially in the past decade. In fact, if the projection is correct, you can see eSports growing up to a USD$1.3 billion in the next three years. This can open up more opportunities for amateur and professional gamers alike.
How Do You Make Money?
So, the question now is, “How can you make money by playing video games?”
- eSports Betting
Just like with major sports events, with eSports betting you’re gambling money on your favorite team or player. And, if they perform well and win, then you get to double your money.
Be mindful, however, as you’re not guaranteed to win 100% of the time. If you’re the type who likes to analyze games and team plays, then this certainly is a great way to earn money. But, it’s also important that you make well-informed decision when betting for an eSports team. Websites like gamopo.com can provide you with up-to-date information on eSports betting, guides, and more.
Major brands like Nike, Coca-Cola, and State Farm are starting to enter the world of eSports. These companies are beginning to see eSports as a global phenomenon wherein they can advertise and support teams through sponsorships. In fact, Fortnite star Ninja has recently entered into a multi-year deal with Adidas.
Sponsorships are a way for gamers to earn by playing video games. However, it’s important to note that most sponsorships occur only when your name starts to get recognized. This is why it’s a must that you train consistently so you’ll have a better chance at getting noticed as a serious player.
- Prize Pool
If you really want to play competitively in the big leagues, there’s a massive prize money that awaits your team when you win the championship. The better your team performs, the larger the prize gets.
Organized eSports tournaments are a great way for professional gamers to earn money. In fact, in 2019, the International 10 Dota 2 tournament was reported to have the largest prize pool in eSports history, amounting to a whopping total of USD$34 million.
- Content Creation
Content creation is also a route you might consider whether you’re a pro player or a casual gamer. eSports today has a massive fanbase, thanks to streaming services like Twitch. These fans are willing to pay to watch their favorite players, teams, games, etc.
This is why many gamers are becoming streamers as well. Uploading your content on different platforms, like Facebook, Twitch, and YouTube, allows you to gain more following and a wider fanbase.
The eSports industry has certainly grown to become a steady industry wherein gamers can enjoy playing their favorite video games, while still earning a living. This is made possible by sponsorships, tournaments, and the eSports community and fanbase.