![](https://investorshub.advfn.com/uicon/606999.png?cb=1711733038)
Monday, August 07, 2017 7:01:12 PM
Last year over $891 million was gambled on eSports events. One of the most popular places for fans to watch eSports is Twitch. The site has seen their popularity grow from 20 million monthly unique visitors in 2012 to 220 million a month in 2016.
As eSports gets more mainstream, the public perception of it has become way more positive. 6.6 billion hours of eSports footage was watched worldwide in 2016.
According to Newzoo, a market research firm specializing in digital gaming, there are 148 million "esports enthusiasts" around the globe. Newzoo estimates that 22% of American male millennials watch esports, putting it virtually equal with baseball and hockey in terms of viewership among that demographic. In 2016, esports events comfortably sold out KeyArena, Nationwide Arena in Columbus, Staples Center in Los Angeles and Madison Square Garden in New York. ?
Last year, the industry produced an estimated $493 million in revenue—a growth of 51.7% from 2015—and that number is projected to surpass $1 billion by 2019, per Newzoo projections. This could be the year esports secures its place in the mainstream sports world.
These numbers are insane for a new market. Its fueled by advertising. Best thing is every company wants in, wants to market their name on a team.
The list of household-name brands banking on esports' continued ascension is swelling. Coca-Cola sponsors the League of Legends World Championships. Buffalo Wild Wings and Arby's attach their name to The "ELeague," a competition/reality show that broadcasts games of Counter-Strike: Global Offensive. Geico has a "pro-tip" series on Major League Gaming's MLG.tv. Red Bull, a brand synonymous with cutting-edge sports marketing, has made a massive commitment to esports. ?
I think AMLH and shareholders will be alright!
![](http://media.giphy.com/media/26gsvAm8UPaczzXz2/giphy.gif)
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM