The eSports betting market is booming.
Right now, the industry is worth about $12.67 billion. By 2027, according to a report from Valuates Reports, it could be worth up to $20.73 billion.
Even better, according to SNAPPOW.com, “With the boom of eSports games and increasing viewership, we can expect steady growth in this market. With more states legalizing online gambling, expect to see an increase in demand for various eSports-based online games. This will mark the rise of eSports as mainstream and as a more appropriate source for betting.”
That could be a big catalyst for companies such as Esports Technologies Inc. (NASDAQ:EBET), GAN Limited (NASDAQ:GAN), Caesars Entertainment Inc. (NASDAQ:CZR), MGM Resorts International (NYSE:MGM), and Roundhill Sports Betting & iGaming ETF (NYSE:BETZ).