Why Vegas is Investing in eSports Gaming?
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Covid has affected many industries since the end of 2019. Some industries have suffered from job losses, others have changed and adapted. Video games got stronger during the pandemic due to being one of the most accessible forms of entertainment. Traditional gaming rooms had to close and many players moved online.
There are nearly 3 billion people who play video games. The casino industry has watched as the popularity of video game entertainment has grown and is looking for ways to monetize this area.
Casinos are looking at eSports as another market for gamblers to bet on. People like to gamble and when presented with a new option, they will often take it. In 2012, skins were introduced to video games. As there was no way of selling them at the time, people started to use them to make bets.
Some casinos in Las Vegas are interested in investing in the gaming industry. The Luxor Casino has built a state-of-the-art arena for e-sport tournaments. The International Dota2 prize money broke the Guinness Book of Records for the sport. It is this type of event that the casinos are looking at.
Las Vegas is investing in the development of online gaming. The biggest source of revenue is likely to be through gambling. Traditional casinos may build their own arenas. Even the Philippines is now allowing betting on eSports. Online casinos have struggled recently. eSports is one of the ways they can grow again. e.g. boxing has lost some of its glamors.
eSports is still a relatively new phenomenon. Some of the most popular games are highly profitable for gamers to play. Casinos and sportsbooks can profit from this too by sponsoring events, streaming them, hosting them and taking bets from all across the world.
