Since esports betting is a fairly young market, it will face many significant milestones in the near future. 2024 promises to be a pivotal year for this rapidly growing industry. However, not all predictions for the next 12 months are exclusively positive for esports betting. In the article, we will tell you about the most likely upcoming trends that will significantly affect this industry.
The global recession has no boundaries
Given the global geopolitical, energy, and economic challenges, experts predict that the recession will hit many industries, including competitive gaming betting. While established betting platforms will be able to adapt to new realities, some gambling companies will be forced to slow down the development of the esports sector. Also, it is worth considering that regular players will have a smaller disposable budget to place bets. Therefore, many operators will not be able to increase their profits in 2024.
Year of mobile esports betting
The mobile segment of the esports market is one of the most promising in the industry. Millions of fans around the globe are using portable devices to bet on their favorite esports teams, and they will continue to do so in 2024. It is worth noting that the Indian market is showing amazing growth in this regard. With popular titles like Call of Duty: Mobile, League of Legends Wild Rift, Free Fire, and more, mobile esports bettors should certainly expect some good news this year.
Rise of the Italian market
The Italian government has been slow to see the financial potential of the esports betting business until recently. However, after the approval of new legislative regulations, the authorities are confident that local bettors will pay attention to the esports category. Since the Italian economy is the fourth largest among European countries, the introduction of new regulations can play a strategic role in the development of esports betting in this region.
The number of VALORANT bets will increase significantly
For the longest time, the esports industry has had three undisputed leaders in terms of betting. DOTA 2, CS: GO, and League of Legends fans have never given a single chance to other competitive games. However, VALORANT’s skyrocketing popularity in 2022 has shown that the title is just as attractive from the betting perspective. This year, Riot Games does not intend to stop promoting the first-person shooter. So, you can expect VALORANT tournaments to have even bigger betting volumes.
Japan will dominate niche esports betting
The Asian region has always been known for its talented teams and amazing gaming culture. And while Chinese or South Korean players prefer to play common competitive games, the Japanese focus more on the fighting scene and dominate it. In light of this trend, experts believe that Japan will take a leading position in this esports both in terms of skill level and the number of bets on virtual fights.
