5 Questions
Which industry is esports a part of?
Video game industry
According to research firm Newzoo, how much revenue will esports generate per year by the end of 2022?
$1.79 billion
What has affected the amount of revenue esports will generate in 2022?
The ongoing COVID-19 pandemic
Why were many tournaments in 2020 and 2021 either online-only or cancelled?
Lack of available venues
What do sponsorships enable elite players to do?
Transform their passions into careers
Study Notes
Esports Industry
- Esports is part of the entertainment industry.
Esports Revenue
- By the end of 2022, esports is expected to generate $1.5 billion in revenue per year according to research firm Newzoo.
Factors Affecting Esports Revenue
- The COVID-19 pandemic has affected the amount of revenue esports will generate in 2022.
Impact of COVID-19 on Tournaments
- Many tournaments in 2020 and 2021 were either online-only or cancelled due to the COVID-19 pandemic.
Sponsorships and Elite Players
- Sponsorships enable elite players to focus on their training and compete at the highest level.
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