Everything You Need to Know About Esports Tournaments!
Esports tournaments are incredibly exciting to watch, and nowadays, you can find tournaments every day of the week. In this article, we will explore 5 important features of these tournaments and quickly turn you into an expert!
1. There Are Thousands of Esports Tournaments Throughout the Year
There are hundreds of esports, and every day of the week, there are exciting esports tournaments going down. Interestingly there is some esports that are watched by millions of people around the world and others with barely any audience, just like traditional sports. The most popular esports include
- Dota 2
- League of Legends
- Apex Legends
With so many different esports, it is hard to keep track of all of the tournaments. Luckily you can find out about the next big esports tournament and track live results at play score!
2. Esports Tournaments are Sponsored By Massive Companies
A big reason why esports tournament prize pools are exploding is that huge companies are sponsoring the events. Some multinational giants that are throwing money at the esports industry include:
- Monster Energy
- Red Bull
The above companies are just a fraction of the massive companies that are getting involved in esports. With so many companies betting big on esports, it is safe to say that prize pools are only going to keep rising, and esports teams are going to get very rich.
3. 7 Figure Prize Pools are Common
It wasn’t that long ago that a $100,000 prize pool was something special in esports. However, nowadays, there are Valorant, CS:GO, Dota 2, Overwatch, and League of Legends tournaments all with 7 figure prize pools. Even more impressive is often, these games have multiple tournaments throughout the year with 7 figure prize pools.
Dota 2 currently has the record for the biggest prize pool in esports history. The International 2021 had a prize pool of $40 million, and the winning team walked away with $18 million. One day these prize pools may become the norm in esports. Other big exciting tournaments worth checking out are CS:GO Majors. These tournaments are held twice a year around the world, are sponsored by game developer Valve, and feature a minimum prize pool of $1 million
4. Esports Tournaments Have a Football Atmosphere
The IEM Rio Major held in Brazil in November 2022 showed just how fun and crazy an esports event can be. The atmosphere was absolutely electric in the Riocentro Arena and Jeunesse Arena. At times the crowd was so loud you could barely hear the commentators.
Throughout the whole tournament, the Brazilian sell-out crowd was jumping up and down, blowing trumpets, dancing, and chanting. It really felt like you were at a football game rather than an esports tournament. If all esports events can produce a similar atmosphere, then there will be lots of new fans drawn to the excitement.
5. Esports Viewership is Growing
Industry experts predict esports to grow at 20% or more over the next 10 years. This growth is fueled by increasing viewership figures. Esports has already gone mainstream in East Asia, North America, and Europe. However, over the next 10 years, analysts are predicting an explosive rise in the number of esports fans in South East Asia, South America, and Africa.
With increased viewership figures, we can expect more tournaments and bigger prize pools as companies clamber to sponsorship events and do branding deals with teams. We can expect more high-profile companies to experiment in the esports space by either creating products or partnering with gaming companies.
6. Esports Teams are Now $100 Million Companies
Esports teams don’t just compete in tournaments, and that is not the primary way they make money. Esports teams mostly make their money by signing huge sponsorship deals with companies. TSM signed the biggest sponsorship deal with now disgraced FTX for $210 million over 10 years. Esports teams also generate revenue through selling products such as branded clothing and merchandise, and some have even branched out into app and software development. It won’t be long until we see the first $1 billion esports team.
Now you are an expert on esports tournaments. All you need to do is pick a game and select an event. With esports creeping into the mainstream, it has never been a better time to be an esports fan. Comment below what esports tournament you are most looking forward to in 2023!