It is extremely unlikely that betting is not one of the discussed topics associated with online gambling. There is no denying the fact that this is one of the best opportunities and undoubtedly the greatest one when Esports is being considered. There is not a single person who would not like to make a profit while also having fun, and this is exactly what the world of Esports is responsible for providing.

When the growth of Esports is being discussed, the first and most important things that will hit your mind are undoubtedly the massive tournaments along with the packed arenas. There has been a massive growth in competitive gaming, and it is now one of the most popular spectator sports in the entire world. This is one of the most important reasons as to why the current investments of Esports are on the teams as well as leagues. Celebrities, including Steph Curry, Drake, and Jennifer Lopez are responsible for pouring money into all these aspects of this industry. 

The Rise of the Industry of Esports in Online Gambling

Online Gambling is undoubtedly growing fast and, naturally, the process of betting has passed the mark of 8 billion dollars. Esports was not a global phenomenon even 10 years ago, and it would be difficult to spot tournaments in places apart from South Korea. Most gamers were responsible for moving to Korea and concentrated on StarCraft if they were interested in becoming a professional. With time, the market started expanding and included other casino games. However, Esports continued to remain an underground activity. 

By the middle of 2010, Valve was responsible for giving this industry a huge boost. The famous publisher started Dota 2 as well as Counter-Strike: Global Offensive. Players started understanding the idea of buying as well as trading unique items and weapons. All of a sudden, amazing in-game economies, which were dedicated to skins, started springing up. However, gamers were not only earning, purchasing, or trading skins. They were also gambling for skins. 

The ugly part of this online gambling industry started showing now, which included underage wagering. Several illegal betting sites that ignored the legal age of gambling, as well as license requirements, were responsible for serving the requirement of skin betting perfectly. This Online Gambling industry was responsible for handling 5 billion dollars in early bets. A huge portion of this money was coming from kids, who were responsible for using the credit cards of their parents for online gambling. 

The valve was eventually tired of being blamed for the third party skins gambling sites. They were responsible for sending cease-and-desist notices to the big operators, and most of them left the industry by 2007. 

From Skins to Sportsbooks in Online Gambling

It is important to understand that the regular bookmakers are responsible for offering different services in comparison to skin sites. However, they are serving a similar customer base. Several betting sites are known to feature the Esports lines. Both the regulated as well as unregulated bookmakers are responsible for getting large returns from this particular online gambling activity. Most of the Americans are responsible for dealing with the unregulated operators, who are based in Antigua, Costa Rica, Panama, and Belize. These sites are not trustworthy, but they pay attention to the age of the customers in comparison to the skin’s services that are mentioned above. 

Regulated bookmakers, belonging to countries like the UK, Spain, Italy, and France, are responsible for offering Esports gambling. These online gambling operations have a good reputation, particularly because they have gone through the strict process of licensing. There is a chance that the other nations will try to cash in because this industry is constantly rising. The total wagered amount in the US on Esports is going to hit 23.5 billion dollars. Currently, New Jersey is a state that has a regulated betting market. 

Esports Betting to Take off in Online Gambling

Esports online gambling has already reached a certain degree. However, it is not on par with the World Cup or Super Bowl regarding the action of betting. There is a huge scope of growth in this industry. Those who are involved with bookmarking are going to see the potentials of growth based on several important reasons. 

• Firstly, Esportsbooks do not have to pay a licensing fee to the publishers. 

• Secondly, betting sites do not have to invest in one single Esport. 

However, a bookmaker will not have to think about the fickle nature of Esports. Instead, he can offer numerous bets on the current Esport, which is extremely popular. 

Irrespective of the fact that betting is underrated in Esports, it is also proving to be a boon for the industry. You are also going to have several options both in the unregulated and regulated sectors of betting.