Esports betting, fantasy contests gain attention with sports sidelined - Business Insider

Esports is garnering lots of attention from the sports-betting industry during the coronavirus pandemic.

Esports was expected to surpass $1 billion in revenue during 2020 with organizations like the Overwatch League embarking on international tours. But as the pandemic took hold, esports leagues responded by giving up their live arena events while keeping their seasons alive online.The US Supreme Court's 2018 decision to overturn a federal ban on sports betting was in the middle of bringing a boom to the industry when the pandemic began.

FanDuel and other sportsbooks offer daily competitions for "League of Legends" and other esports, allowing fans to build their own lineup of professional gamers and compete based on real match results. DraftKings has been offering fantasy contests based on professional "League of Legends" matches since 2015, and in March the platform expanded to include daily fantasy contests for "Counter-Strike Global Offensive.

FanDuel and DraftKings both have a history of sponsoring esports events, partnering with teams and specific events for advertising rights. Another competing fantasy sports platform, Monkey Knife Fight, announced a new marketing campaign that will use esports influencers to direct people to its daily esports contests with gaming videos on YouTube and Twitch.But offering betting on esports matches is very different from offering a fantasy contest.

Sports media is a massive industry, but esports relies on a host of community-organized sites to track news, results, and business dealings. Esports fans can even use community sites to gamble using in-game currency and items.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Production of the Ford Bronco Sport reportedly delayed over COVID-19 - Business InsiderThe Ford Bronco nameplate was last produced in 1996, making its return a big deal for Bronco fans. But that return will have to wait a little longer. The bronco will never get more airtime in ads than that infamous chase of OJ Simpson. He made for them an ad that will last forever. 😂
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Seeking nominations for the top free agents in public relations - Business InsiderSend us your nominations for the best PR pros in the job market by April 28. Business Insider will publish the list in March. How do you know who's NOT a free agent?
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

How small businesses can access PPP loans through fintech services - Business InsiderFintech companies are able to streamline the application process for federal loans because they already have similar systems in place. Fed needs to cut out banks. List as $FED on exchange, offer guaranteed dividend; raise and lower dividend as economy needs it.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Coronavirus exposes how profit-driven decisions undercut US response - Business Insider'Getting the for-profit element out would allow us to better prepare for pandemics like this,' one expert told Business Insider. GOP profit-driven decisions. If the United States government was running healthcare right now we would be in the same situation. Profit driven decisions and capitalism ensure shortages don't occur. If the government wants to prepare for every pandemic conceiveable, then bolster the strategic stockpile.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »