When esports first began to emerge, there were serious doubts that the video game industry could compete with the level of revenue generated by the traditional sports industry. This year teams of professional DOTA 2 players will gather in Stockholm, Sweden, on August 5th to compete for a prize of $40 million. The tournament’s name is simply The International. competitors and fans travel from across the globe to attend each year the event is held.
In fact, there are untold numbers of e-sports events for new and old titles every year. Whatever your favorite system or game, you are likely to find players competing for prizes online or at live events.
2018 legislation made wagering on spotting events a legal and regulated industry. This has opened the way for professional booking agencies to incorporate esports betting. Igaming has also been growing in the U.S. and abroad, establishing new digital markets globally. Players can even play live poker games.
Here are a few other ways people have found to monetize their favorite hobby:
Gaming for Cash in 2021
The digital economy is experiencing a boom on many fronts. The next generation of wireless is under development now, and the world will become more and more wirelessly integrated. Some have referred to the possibilities presented by the internet of things as the 4th industrial revolution.
It isn’t only event organizers, booking agencies, and game developers who make a buck in 2021’s gaming industry. Individuals have several avenues to earn a living with their gaming skills and knowledge in e-sports, Roblox, Fortnite and online poker and other casino games.
As stated before, professional gaming has become a lucrative occupation. Pro-gamers treat their games as full-time jobs and spend 8 hours a day or more developing and practicing strategies. They compete for prizes that continue to smash records year after year. Typically they are paid a respectable salary by a team sponsor as well.
Even if a player is not drafted on a competitive team, they can make money by streaming e-sport, Roblox, Fortnite or live poker games on websites like Twitch or Youtube. Streamers play live for several hours at a time and can use the revenue they generate as their main source of income with enough of a following.
They can have partnerships with their platforms that allow them to earn money through ad views. They also offer subscriptions to viewers for a fee that unlocks exclusive content. Viewers can also donate to have their messages broadcast on stream or purchase merchandise from their favorite content creators.
Players who have a following from streaming or past event participation also offer private lessons for playing their favorite games. Sometimes they ask customers to submit footage of their play. Then the coach will highlight the techniques that are working well for their client, as well as areas to improve and how.
Sometimes they even watch and comment on their customer’s play in real-time or even join them in the game to create a learning experience.
As the gaming industry has matured, it’s little wonder that a hobby that captures the hearts of so many people across the world has begun to rival the economic activity associated with sporting events. The medium has shown the potential to be far more accessible and intimate than professional sports.
Even players who do not compete in their games have become successful simply streaming and developing relationships with the growing numbers of fans who make up their communities.