The future of online casinos?

Professional esports competitions and online gambling have grown dramatically in popularity over the last decade among casino games. The parallel rise of these different niches that have so much in common made the crossover inevitable.

Indeed, the two industries need each other to continue to grow in territories around the world. In many ways, it is a perfect match.

Esports are the future of entertainment

Esports have been regarded as one of the fastest growing forms of entertainment, so much so that they have already reached a stage where it is impossible to ignore them. In 2020, with the pandemic, the number of gaming enthusiasts and casual viewers reached a whopping 496 billion views. According to experts, the annual growth rate will be more than 10% in the coming years and that figure should be approximately 646 billion in 2023.

Online casinos tend to follow the latest trends

Online casinos and popular gambling websites have one big thing in common: All sites in the business need to quickly adopt the latest trends in technology, gaming, banking methods and promotions to remain competitive in a saturated market. This is why players constantly have the opportunity to find the latest innovations in casino gaming at the most popular online gambling websites.

Since it is imperative for online casinos to explore all potential resources to stay ahead of their competitors, their interest in e-sports is natural. Gambling enthusiasts are getting older, which means they will be replaced by younger guns, and it is easy to guess where they can find a youthful demographic these days.

Younger generations make up the vast majority of the aforementioned esports audience, and almost all of them are under the age of 40.

How do online casinos set the odds for esports events?

Setting the right odds for an esports event is one of the biggest challenges that online casinos and sportsbooks face when trying to enter a new market. Esports teams are constantly changing their squads and unlike normal sports, there is no fixed schedule in esports. It is much more difficult to find accurate statistics and data on the teams involved.

However, these circumstances provide a phenomenal opportunity for bettors to take advantage of mistakes made by bookmakers. While these incidences are not necessarily common, there is a fun opportunity for bettors.

The big win-win for esports and bookmakers

Online casinos have seen record numbers of real-money bets on e-sports in the first half of 2021. The benefits are mutual, as established bettors suddenly become interested in esports after seeing their event offered as an option on the betting list. This probably indicates a further rise of both industries on the basis of a stronger connection between the two in times to come.

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