Esports players are likely to be the luckiest people on the planet. Make money by playing? Yes, that is basically what they do. Who wouldn’t want to be that lucky? More than one! In fact, people hear talk of millions of dollars. But do they just play? Recently, with the boom of the esports, many, like you, are wondering how these young people (most of them are) can generate so much money. Are the prizes in each tournament worth millions? Do they do more than just play? Here is how esports players make enough money.
1. Esports Tournaments
Tournaments are the most important part of the esports. Within them, players test their skills and compete with others. The aim: to win the prize. But, what does it mean? Of course, beyond the social recognition and all the praise that the winning team may receive. How is it expressed in monetary terms? Obviously, there is money behind it! According to Statista, Dota 2 tournaments are the highest paying esports events worldwide.
Yes, players earn a lot of money from tournaments. However, they are not only beneficial for them! Many in the audience can also generate money from these types of events. After football, esports is the second most populated discipline in terms of betting opportunities! Do you want to know which games can you bet on? All the usual suspects make an appearance in the line-up of esports at 22Bet, a bookmaker recommended by Sports Betting Online. Big titles like Dota 2, League of Legends, StarCraft II, CS: GO and FIFA are all present.
2. From Sponsorship
Without sponsors, esports would not exist. Sponsorship is a vital part of the esports industry, accounting for approximately half of its revenue. But this is not all. Esports players also generate large sums of money by promoting sponsor’s products. That is right! Players make money by getting people to buy certain products. In the world of traditional sports, such as soccer, for instance, it is common to see that players have their sponsors: energy drinks, sneakers, among other products. The same applies here.
Sponsors pay the player to advertise their products. In fact, such practices not only occur in sports but also in other fields. Have you heard about social media influencers? Today, everyone knows what they are. Yes, they are those people with a broad audience base, who have the ability to influence them (hence the name) and lead them to take a certain action. They have the power to persuade people to buy things. This is why brands partner with them to promote their products or services. As you can see, sponsorship also generates income.
3. By Streaming
Streaming has always been a key part of esports. What platforms do players use for streaming this type of sports? Mainly Twitch or YouTube. But how do they earn revenue through these platforms? There are many ways. Streamers earn money on Twitch, for example, through crowdfunded subscriptions, viewer donations, and “Twitch Bits” (another form of viewer donation). Yes, platforms like Twitch allow their affiliate creators to earn money thanks to the donations they receive from their audience!
Creating content is very required nowadays, and the payments that streamers receive for it are not low at all. According to Tech Flog, streaming is changing the gaming industry. And apparently how to generate income. Talking about video games is serious business. Not everyone knows how to do it. It requires a great deal of knowledge but, above all else, a lot of experience.
It depends on how much is a good sum of money for you, but you can’t say that esports players are suffering. These players not only have the opportunity to win tournaments and receive millions of dollars but also have the support of sponsors and streaming. As you can see, at the end of the day, they don’t just make money by playing. They also make use of other types of skills to generate more income. Managing a high volume of people is no easy task. Yet, they do it, and quite well. Yes, there is a lot of work behind it.