How do esports hosts make money?
The esports industry has grown rapidly over the last few years, providing many ways for hosts to generate income from it. Some methods are traditional sports-related like selling tickets for live events; however, others use more creative approaches based on newer models of making money.
Sponsorships
Esports teams typically make money through sponsorship. This could take the form of team names being worn by players or companies buying tickets to a match for a certain number of people. The revenue from these sponsorships is split between the team and the sponsor.
Streaming Rights
Streaming deals are another popular method for earning money for esports teams and league organizers. These deals tend to be exclusive to certain streaming platforms, usually including a share of viewership revenue.
In some cases, leagues may also generate revenue by selling passes that allow fans to watch matches from home. This can be an appealing option for viewers since esports often last up to twelve hours per day.
Advertisement
The esports scene is growing quickly, and advertisers are racing to take advantage of it. These advertisers tend to be big companies who want their name in the game so as to draw in more viewers.
Tournaments
The biggest esports competitions take place annually and offer prize pools of up to millions of dollars. They take place in major cities worldwide and draw thousands of fans from around the world.
Winning tournaments is the primary source of revenue for teams, but there are other methods to make money as well. Some teams have even turned to merchandising as a means of increasing their brand visibility; 100 Thieves sold $2.5 million worth of merchandise within its first month after launch.
Esports teams can also generate revenue by creating their own games and licensing the software to companies for licensing. This business model could be particularly appealing to companies looking to launch a unique gaming title and market it within the esports community.
Getting into esports
If you enjoy playing video games, a career as an esports host or caster could be for you. It requires hard work but can be highly rewarding. Plus, you’ll get to interact with players and coaches from games as well as their audiences – a great opportunity to build your professional reputation!
Hosts and casters are responsible for providing live coverage of competitive matches, drawing viewers into the action and keeping them engaged. Furthermore, they manage the broadcast, including its technical aspects.
They must guarantee the event meets the highest possible standard, including having a reliable network and servers. While this job may not be suitable for everyone, if you have an enthusiasm about gaming and enjoy introducing your audience to popular titles then this can be an incredibly rewarding experience.
