The Esports market is red hot, and isn’t expected to cool off any time soon.
In fact, at current pace the market could be worth nearly $5.2 billion by 2028, according to Emergen Research, from just $1.165 billion in 2020. Helping quite a bit, Esportznetwork.com just reported that, “Newzoo estimates that two billion people will be aware of esports globally in 2021, and we expect this group to be largely derived from core and traditional gaming audiences.”
All a significant catalyst for companies like Enthusiast Gaming Holdings (TSX:EGLX)(NASDAQ:EGLX), Skillz Inc. (NYSE:SKLZ), Score Media and Gaming (NASDAQ:SCR)(TSX:SCR), Esports Technologies (NASDAQ:EBET), and Penn National Gaming (NASDAQ:PENN).
In addition, according to Varsity, “Boasting an estimated audience of over 700 million this year, and a revenue just shy of $1.1 billion, it’s hard to argue against the fact that esports is an emerging industry that warrants recognition.”