Now I know why eSports prize pools go over millions of dollars! - page 4.

TheCoinGrabber

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Quote from: tippytoes on June 22, 2019, 03:54:38 PM

Quote from: TheCoinGrabber on June 22, 2019, 12:45:11 PM

If you think about it, there seem to be more interaction with the "audience" when it comes to e-sports, at least where funding is involved. This is something I haven't heard with traditional sports.

If you think about it, it does allow the publisher to use less of their "own" money to fill the pool.

This is one of the reasons why esports industry is really going to hit big. I think they are already in the category of multi-billion industry??? But I know, they are already in the multi-million sector. And with the continuous advancement of technology and the young generation who are now into digital tech, no wonder this industry is like a cash cow for so many businesses.

More like in the 8 digits. I was quite shocked when I first saw it on TV, that they are giving away these millions for a "sport" that people play sitting down.

Industry is still gonna grow large, especially with mobile games. Many people don't even own a console and do most of their gaming on their phones and I've already started to see those games hold tournaments.

xSkylarx

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Quote from: ruthwithers1980 on June 23, 2019, 08:56:23 PM

As the esports industry grows, some are pushing for esports' addition to the list of events to be competed in at the Olympics.

Paris 2024 Olympic organizers are said to be now in talks about making esports a part of the demonstration sports at the Olympic Games.

Source: https://www.bbc.com/sport/olympics/43893891

There may be a high chance that there will be an esports category on Paris 2024 Olympics because this coming Sea Games 2019 which will be held here on the Philippines, esports category is already included.

https://www.mineski.net/news/esports-sea-games-2019-industry-impact

This is a big step for esports industry and pro players will have a chance to represent their country. This is a dream come true to many gamers like me. Cheesy

ruthwithers1980

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As the esports industry grows, some are pushing for esports' addition to the list of events to be competed in at the Olympics.

Paris 2024 Olympic organizers are said to be now in talks about making esports a part of the demonstration sports at the Olympic Games.

Source: https://www.bbc.com/sport/olympics/43893891

partysaurus

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Quote from: ruthwithers1980 on February 06, 2019, 02:14:27 AM

Some eSports players became richer than some famous sports icons just by winning huge esports tournament prize pools!

https://www.bitcoinsportsbetting.co.uk/news/how-come-esports-prize-pools-go-over-millions-of-dollars/

its brilliant you support the tournament and the game and you get in game stuff to a game u play and love, its such a smart idea.

donuts1234

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Quote from: tippytoes on June 22, 2019, 03:54:38 PM

Quote from: TheCoinGrabber on June 22, 2019, 12:45:11 PM

If you think about it, there seem to be more interaction with the "audience" when it comes to e-sports, at least where funding is involved. This is something I haven't heard with traditional sports.

If you think about it, it does allow the publisher to use less of their "own" money to fill the pool.

This is one of the reasons why esports industry is really going to hit big. I think they are already in the category of multi-billion industry??? But I know, they are already in the multi-million sector. And with the continuous advancement of technology and the young generation who are now into digital tech, no wonder this industry is like a cash cow for so many businesses.

They aren't quite multi-billion yet but it is getting there. With more improvements in the scene and development of more games it should reach there in no time.

Lanatsa

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Quote from: tippytoes on June 22, 2019, 03:54:38 PM

Quote from: TheCoinGrabber on June 22, 2019, 12:45:11 PM

If you think about it, there seem to be more interaction with the "audience" when it comes to e-sports, at least where funding is involved. This is something I haven't heard with traditional sports.

If you think about it, it does allow the publisher to use less of their "own" money to fill the pool.

This is one of the reasons why esports industry is really going to hit big. I think they are already in the category of multi-billion industry??? But I know, they are already in the multi-million sector. And with the continuous advancement of technology and the young generation who are now into digital tech, no wonder this industry is like a cash cow for so many businesses.

They haven't reach out multi-billion category but I wont really be surprised if they would able to go into that level.Technology do upgrade and most people will really be tied up with technology and so as with other things inside it like these games we are currently seeing now.Due to interest and lots of players it can really possibly accumulate much money as they can.It seems impossible but we are already seeing it now.

tippytoes

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Quote from: TheCoinGrabber on June 22, 2019, 12:45:11 PM

If you think about it, there seem to be more interaction with the "audience" when it comes to e-sports, at least where funding is involved. This is something I haven't heard with traditional sports.

If you think about it, it does allow the publisher to use less of their "own" money to fill the pool.

This is one of the reasons why esports industry is really going to hit big. I think they are already in the category of multi-billion industry??? But I know, they are already in the multi-million sector. And with the continuous advancement of technology and the young generation who are now into digital tech, no wonder this industry is like a cash cow for so many businesses.

Oilacris

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Quote from: jademaxsuy on June 22, 2019, 09:08:30 AM

Not all esports prize pools are good and it will depend on how good the esports and the number of users and fans following the game. Like for example dota2 to which it is already global and many are betting on team coming from a certain country. This may be not known to all that esports betting are considered one of the new games of the modern days in digitalization.

Its impossible to say that Dota2 isn't known worldwide and It isn't possible for any gamers which isn't aware on its existence.
They do have tournaments minor or major ones which prize pools do involves millions of dollars.E-sports is gradually booming up
yet there are already some existing academy regarding on any e-sports games.

TheCoinGrabber

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If you think about it, there seem to be more interaction with the "audience" when it comes to e-sports, at least where funding is involved. This is something I haven't heard with traditional sports.

If you think about it, it does allow the publisher to use less of their "own" money to fill the pool.

jademaxsuy

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Not all esports prize pools are good and it will depend on how good the esports and the number of users and fans following the game. Like for example dota2 to which it is already global and many are betting on team coming from a certain country. This may be not known to all that esports betting are considered one of the new games of the modern days in digitalization.

nakamura12

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Quote from: Jjewelle29 on June 21, 2019, 04:10:54 PM

esports tournament prize pool go over millions! Well, its sounds amazing! By the way, I know someone here our place a guy have a really good skill on playing DOTA2 if that guy or his team have tournaments or bet game on DOTA2 he always win or they team always win, Its posible that guy and his team participate to play on a esports tournament? You do think it's posible?

It is possible if the guy you mention had contacts that organize an event. I also join a Dota 2 tournament before but failed because there are too many skilled players. How they do it is by starting a tournament at your street or your place until you'll be able to take part in an international tournament.

batang_bitcoin

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Yeah they sell like special skins for that tournament right? When the companies can whip something up really quick and make 20 million easily they'll happily give a quarter away as a prize money.

Exactly! That's how they give back to their community through prize money with different tournaments that they are organizing. And for the avid fans, customers/gamers of them it became a yearly tradition that they should break the last year's prize pool. For the developers and company like Valve, it's a win-win situation for them. They give what the fans want because of the professional scene and at the same time, the fans/customers are supporting their ingame products.

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Quote from: nakamura12 on June 20, 2019, 11:58:17 PM

Well, esports tournament prize pool go over millions of dollars like Dota 2 is because of the game item sales like their battle pass in which portion of each battle pass sold will be added to the prize pool and there's also sponsors for the tournament. If your one of the players who participated in a esports tournament you'll surely earn lots of money if you win.

esports tournament prize pool go over millions! Well, its sounds amazing! By the way, I know someone here our place a guy have a really good skill on playing DOTA2 if that guy or his team have tournaments or bet game on DOTA2 he always win or they team always win, Its posible that guy and his team participate to play on a esports tournament? You do think it's posible?

Ucy

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Is the esport company name really "100 Thieves"?
Is that a gaming company or normal sport betting companies.
Sometimes it is difficult for me to differentiate between sports betting (football, basketball, horse racing etc) and esport betting (gaming like fortnite? football, etc)

mich

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There are e-sports now that I see are broadcasted on television at all hours of the day and I even just saw college teams competing in esports Shocked

Here is a list of the Top 100 esports by pay
site https://www.esportsearnings.com/games
Just DOTA itself has paid out $180,169,581.42!
100. Forza Motorsport 2 $222,000.00

izanagi narukami

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It's depend on what type of game and how much the gamer's enthusiast around the world that interest on the game.
They are making massive prize pool without unaccidentally but with full calculation.

Let talk about Dota as eSport that able yield massive prize, because most people interest on that the game !

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Quote from: virasog on June 21, 2019, 04:59:25 AM

Quote from: Indamuck on February 08, 2019, 09:22:53 AM

We are still talking peanuts compared to professional Basketball and Football players. Best players are easily making over 30 million_ a year through salary and endorsements.

Maybe eventually esports will became so popular that the best players will be pulling in similar amounts.

I still think that esports is not much popular as the regular sports are famous. Esports are limited to audience who already know about them. Once they become more popular, much more money will flow in esports too. Dota 2 is gaining good popularity.

When there's a lots of gamblers/players who learned about this market then more prize pool will be added, it take some time but surely
it will get more players who will create noticeable moves and will gather people to play around.

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Quote from: eternalgloom on February 06, 2019, 08:23:20 AM

It is kind of interesting that esports basically have a unique way to increase tournament prize pools, simply by using the sales from within the games itself.
This makes it really unique when you compare it to physical sports tournaments.

I totally wouldn't be surprised if esports becomes more popular than regular sports one day.

Well, that’s true it was more interesting for me now since I read it. You are right that they have a unique way to increase sale in tournament prize pools it’s because I think that eSport are more profitable than sport that’s what I also know and it was very fun for me since the winning prize are huge.

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Quote from: Indamuck on February 08, 2019, 09:22:53 AM

We are still talking peanuts compared to professional Basketball and Football players. Best players are easily making over 30 million_ a year through salary and endorsements.

Maybe eventually esports will became so popular that the best players will be pulling in similar amounts.

I still think that esports is not much popular as the regular sports are famous. Esports are limited to audience who already know about them. Once they become more popular, much more money will flow in esports too. Dota 2 is gaining good popularity.

Janation

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They have their ways, and they are using marketing strategies.

For Dota 2, they make their prize pools by the result of the profit they got from the compendium or the battle pass as they call it. People buy levels and items and some percentage of it goes to the price pool. I still remember how my parents and how my aunties and uncles told me in the past that gaming would not take me anywhere while professional gamers these days earn millions and play from a country to other country.

Topic: Now I know why eSports prize pools go over millions of dollars! - page 4. (Read 999 times)