econintersect .com

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

posted on 03 April 2017

ESports Is Ready To Explode


-- this post authored by Martin Armstrong

League of Legends (LoL) is the most played computer game on the planet.

According to developer Riot Games, in 2016 there were 100 million people playing each month. LoL isn't just being played, though. Of all of the many games subject to countless Let's Plays, League of Legends is also being watched the most - on the streaming platform Twitch last month, a total of 99.19 million hours of LoL was viewed. This ever increasing desire to not just play games but to watch them being played as well, is fuelling the rise in popularity of eSports.

The combination of an inherent competitive element and a huge global audience has led to the possibility for people to play LoL professionally. The largest tournament, the League of Legends World Championship boasted a first prize of over 2 million U.S. dollars in 2016 (to be split between the winning team). More importantly for the future of the sport, a total 43 million people watched the finals. It is figures like this that mean the world of eSports is expected to explode in the next few years. LoL is just one platform with which the industry is forecast by Newzoo to generate revenues of 1.5 billion dollars by 2020 while amassing a global audience of 589 million.

This chart shows revenues and audience growth for eSports from 2015 to 2020.

Infographic: eSports Is Ready to Explode | Statista You will find more statistics at Statista.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

Econintersect Contributors

Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved