How to Earn Money from Esports Games

Compared to a few years ago, esports is no longer just a niche interest for a few dedicated gaming fans. Today, thanks to the ever-growing video game industry, esports is one of the most promising online fields. Read on to find out how to earn money from esports games. 

How Much Money is in Esports

According to GlobeNewswire, current estimates on the valuation for esports predict it will be just under $2.4 billion globally by the end of this year. With a compound annual growth rate of over 20%, this value is expected to skyrocket to over $10 billion by 2032.

Among the most significant driving factors for this growth is the increasing public accessibility to the mediums necessary in esports. As such, this makes it easy not only to consume esports-related content but also for people to take a more active role in it. This includes making a profit by taking advantage of the number of ways that esports is profitable.

Also Read: How to Earn Money Streaming Games

Is Esports Really A Moneymaker?

While esports was not considered a viable way to earn money some decades ago, it’s now a burgeoning space with a lot of monetary promise. This is because the sector is now considered popular and credible enough to merit high-profile sponsors. As a result, more money is flowing directly into it, as evident among the elite roster of professional esports players.

According to Esports Earnings, a platform that tracks players’ prize money by aggregating data from multiple sources, top performers are known to make millions. For instance, Danish player Johan ‘N0tail’ Sundstein, who plays Dota 2, has earned more than $7 million in overall prize money.

Additionally, it’s relatively easy to make money on esports because there is more than one way. As such, it’s more forgiving, no matter your skill level or available resources. In line with this, we’ve listed down the three most promising ways that you can learn how to make money from esports esports:

How To Earn Money From Esports Games

As A Game Better

Arguably, the most straightforward way to earn from esports is by betting. With this approach, your risk of financial losses is lower since you don’t need to invest as much time and gear. You only have to be mindful of choosing a reputable betting site. 

On the crypto betting platform Thunderpick, you can bet on dozens of esports odds. This includes matches across the sector’s most in-demand games like League of Legends, CS:Go, and Valorant, to name a few. Aside from this, you can also enjoy perks like fast withdrawals, fast fee-free payments, and a welcome deposit bonus of up to 100%. 

This will allow you to make as many bets on the hottest esports odds, which you can easily monitor remotely and cash out as needed. Going the esports betting route is a viable earning opportunity, especially if you’re looking for a flexible and relatively low-commitment option.

Also Read: How to Spot Red Flags While Earning Money Playing Games

As A Competitive Player

If you have the gaming talent and rig required to participate in esports games, you could join them as a player. As mentioned in our previous article on how to make money through gaming, competing in esports tournaments can mean big payouts and travel opportunities. 

That said, it requires you to dedicate significant resources to training. Apart from this, you will have to find yourself a team. You could participate in esports games as an independent party, but being part of a team can help cover specific requirements. 

For instance, a team can handle tech-related expenses, such as new game titles. A team can also sponsor your travel needs, which is necessary if you’re to have a shot at the hefty cash prizes that most international championships offer. If you sign with a bigger team, you can also make money through a salary. For example, the LCS Players Association reportedly pays signed players an average of $410,000.

As An Organizer

Lastly, if you’ve got more means available, being an esports organizer can also be lucrative. While this is more involved than just betting on game odds, it doesn’t necessitate the same skill level that being a player does. As an organizer, you can make money through sponsorships, ticket sales, and selling streaming rights. 

Conclusion

For those with the resources to do so, this can be a very promising avenue. Data gathering and visualization site Statista notes that the worldwide esports audience is expected to swell to around 318 million by next year. Since being an esports organizer is more demanding, it’s better suited to those with more forgiving schedules. For more articles on how to make money, manage your finances, track expenses, and budget better, get the Beem app today.

FAQs on Esports Games