The global esports betting market is set for massive expansion, projected to grow from $16.21 billion in 2025 to $54.03 billion by 2034, according to a new report from Business Research Insights.
This reflects a robust compound annual growth rate (CAGR) of 13.7 percent, signaling more than 230 percent growth in less than a decade.
Rising global participation in competitive gaming has been particularly influential in esports betting‘s surge, with tournaments experiencing a 45 percent increase in engagement over the past five years.
The expansion of live streaming infrastructure has further enhanced accessibility and viewership, while the widespread adoption of mobile-first platforms is reshaping betting habits, as 60 percent of wagers are now placed via mobile devices.
Additionally, the increasing availability of high-speed broadband internet has enabled broader participation across global markets, making regulated betting platforms more accessible than ever.
Looking into the global esports betting landscape
The report shows League of Legends, Dota 2, and Counter-Strike leading the esports betting market, while other game titles account for a much smaller share.
Europe remains the dominant market, accounting for over 40 percent of global activity in 2024, led by established markets in the U.K. and Germany. Meanwhile, Asia-Pacific is emerging as a growth engine, with China in particular driving momentum thanks to its massive gaming demographics, improving digital infrastructure, and growing acceptance of esports as mainstream entertainment.
The esports betting market remains moderately concentrated, with the top 10 betting operators accounting for 35 percent of revenue in 2024. Established players such as William Hill, Bet365, and Entain continue to dominate the landscape through global expansion.
Several key trends are shaping the future of esports betting. Technological advancements such as virtual reality and immersive streaming are providing new ways for fans to engage with competitive gaming.
The industry is also benefiting from strong sponsorships and investment flows into esports organizations, which are expanding opportunities for betting operators.
Furthermore, mainstream recognition is on the rise, highlighted by the International Olympic Committee’s inclusion of esports in its 2021 Olympic Virtual Series, which attracted more than 500,000 participants globally.
As esports continues to rival traditional sports in viewership and engagement, its betting ecosystem is expected to become a major growth frontier. With its current momentum, the market is on track to surpass $50 billion by 2034, cementing esports betting as one of the fastest-growing segments in the global gambling industry.
Published: Aug 27, 2025 04:31 am