The exponential expansion of the sector is inextricably tied to the meteoric surge in popularity of betting on electronic sports (eSports). And there are quite a few well-known people who predicted this would happen and jumped on the bandwagon when it was still profitable.
The appeal of eSports as a possible investment project is mostly attributable to the enormous profit potential that the industry possesses. The development of it is proceeding at a rapid speed, and industry analysts estimate that by 2023 it will be worth about two billion Canadian dollars and have an audience of approximately 700 million people.
The Game’s Performers, Including Actors and Musicians
Michael Jordan, a legend of the NBA, got involved in the eSports betting sector in 2018, barely one year after Cristiano Ronaldo made an investment in the CNB eSports Club, which is among the most successful organizations in the South American market. The introduction of Guild eSports in 2020 drew headlines since it included soccer legend David Beckham as a co-owner of the organization, while Drake, a famous figure in the music industry, invested in two of the organization’s teams.
Mike Tyson, a legend in the world of sports betting Canada, invested in Fade 2 Karma, a professional eSports and Gaming Entertainment firm. Will Smith, an actor, served as the leader of an investment group that contributed approximately sixty million Canadian dollars to Gen.G Esports, an organization that connects the United States and Asia. Steph Curry, who plays for the Golden State Warriors, had a hand in helping TSM, an eSports team, earn about fifty million dollars in Canadian currency in 2018. Teams similar to this one are also beginning to make their presence known at top-tier bookmakers such as Rabona.
Shaquille O’Neal, a former NBA player who is now a sports broadcaster, is involved with NRG eSports. The organization has rosters for a variety of titles, including Apex Legends, Overwatch, Call of Duty, Hearthstone, and Fortnite, which is a popular favorite among those who wager on eSports. Kevin Durant, a fellow player and a fan favorite among those who participate in sports betting in Canada, has a stake in Vision Esports, while Zlatan Ibrahimovic has decided to finance Challengermode, which is a tournament platform.
The Path Ahead for Electronic Sports
What does the future hold for this sector of the economy? However, the degree to which it is susceptible to change is proving to be challenging for its participants and, without a doubt, a source of frustration for its investors.
Traditional athletes spend years honing their skills in their chosen discipline with the goal of forging a successful and lengthy career in it. After they have completed their duties on the playing field, court, or pitch, there is an opportunity for them to take on support jobs such as coaching or management. However, eSports betting is notorious for its high degree of volatility, just like the market in general. What’s the point of honing your skills at a game if there’s a chance you won’t be playing it for very long?
One thing can be said with absolute certainty, despite the fact that it can be challenging to forecast what will take place in the future. These famous people made excellent decisions regarding their financial holdings.