eSports is becoming big business.
Over the next seven years, the industry could be worth up to $5.2 billion, says Emergen Research, from $1.165 billion in 2020. A “rise in popularity of video games and rapid growth of live esports coverage platforms are major factors driving market revenue growth. Increasing popularity of gaming – primarily for amusement – as a result of the pandemic is a key factor expected to augment revenue growth of the global esports market during the forecast period,” the analysts noted.
Also, consider this.
In 2012, gamers spent about 1.3 billion hours watching eSports videos. By 2013, they spent 2.4 billion hours with eSports. By 2019, they spent 6.6 billion hours with eSports.
With eSports only getting bigger, some of the top stocks to consider include:
- Activision Blizzard (ATVI),
- Take-Two Interactive (TTWO),
- Electronic Arts (EA),
- HUYA Inc. (HUYA),
- Global X Video Games & eSports ETF (HERO),
- The Roundhill BITKRAFT eSports & Digital Entertainment ETF (NERD)