Digital motorsports is becoming an explosive investment opportunity, which is great news for companies such as ESE Entertainment Inc. (TSXV:ESE)(OTC:ENTEF), Porsche Automobile Holding (OTC:POAHY), Liberty Sirius XM Group (NASDAQ:LSXMB), Logitech International (NASDAQ:LOGI), and Motorsport Games Inc. (NASDAQ:MSGM).
For one, consider this. “Take Formula 1, which drew a record-breaking 30 million viewers across TV and digital platforms during its Virtual Grand Prix series. Consequently, the official F1 2019 title saw a dramatic growth in popularity on Twitch. The F1 Esports Series 2020 achieved 11.4m livestream views across all digital platforms, representing a 98 percent increase compared to 2019,” added eSportsInsider.com.
Two, according to Research and Markets, “The market for Motorsport Online Advertising is forecast to reach $256.7 million by 2025, growing at a CAGR of 24.1% from 2020 to 2025. Though well established, the motorsport online advertising market is one of the fastest growing motorsport leagues markets. Over a period of time, the market has evolved significantly mainly due to incessant technological development and integration. Online motorsport advertisement is the perfect way to advertise goods, facilities, teams and leagues in the racing market.”
Three, the market shows no clear signs of slowing any time soon. In fact, it’s only set to accelerate moving forward.