If you tell your kids to stop playing video games, you’re jeopardising their potential career as a professional gamer.
The eSports (electronic sports) industry is one of the fastest growing sports industries in the world. Millions of kids and adults are all willing to pay and watch players slog it virtually.
Just to give you an idea of the income potential, in December last year, the prize pool for ‘International 2016’ (a Dota 2 tournament) was US$20.77 million. The winning team took home US$9.14 million.
A few hours for millions…
Think about it: For a few hours of work, a group of five gamers split US$9.14 million between themselves. It beats the grind of a 9–5 job.
Closer to home, the Overwatch World Cup playoffs kicked off on the weekend in Australia. As reported by The Australian Financial Review:
‘Over the weekend, the Star Casino in Sydney was crammed with thousands of fans, all roaring at the screens while Tracer and the rest of the Australian team kicked Japan’s virtual ass in the Overwatch World Cup playoffs.
‘In the space of one day, I witnessed more than 2000 casual fans show up to watch two sides of six represent their countries and verse each other in a colourful, highly-produced first person shooter video game.
‘Not only did these fans buy tickets at the door, they bought beer, hotdogs and snapped every stitch of merchandise before 10 o’clock each morning.’
It could benefit you..
What the AFR is alluding to is that this industry might not just benefit gamers. It could also benefit investors seeking growth. The AFR continues:
‘According to e-sports intelligence agency Newzoo, the e-sports economy is expected to grow $US696 million, a year-on-year growth of 41.3 per cent.
‘Brands are expected to spend $US517 million, broken down into $US155 million on advertising, $US266 million on sponsorship, and a further $US95 million on media rights.
‘Brand investment will double by 2020, pushing the total market to $US1.5 billion.’
So the next time you find your kids playing games a little too long, don’t tell them to stop and focus more on homework. You could be jeopardising their extremely lucrative career as a professional gamer.
Junior Analyst, Money Morning
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