Esports Industry to Reach $1.1 Billion in 2021 Revenue

According to Newzoo, a leading gaming and esports market analytics firm, global esports industry revenue will hit $1.084 billion in 2021. This is an increase of 14.5%, up from $947.1 million in 2020, with media rights and sponsorships contributing to over 75% of total esports revenue. Newzoo ReportIn its Global Esports and Live Streaming Market Report, Newzoo reports that the increase in revenue is largely attributed to the increasing number of streamers across the world. The firm expects the growth in streaming revenue to increase each year until 2024, when the market resumes natural growth. …

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