How Much Do Esports Players Earn?
The esports industry has seen remarkable growth over the last decade, with Newzoo projecting it to be worth $1.6 billion by 2024. This expansion can be attributed to an abundance of tournaments and monetization options. Furthermore, esports is becoming more and more popular with viewers around the world.
No matter if you’re just a casual gamer or an aspiring professional, there are a few things that you should be aware of before diving into esports. These include necessary equipment, required skillsets and how to begin.
What You Need to Start:
In order to get started in esports, you will need a high-speed internet connection and the latest gaming hardware. Once that’s in place, look for local amateur tournaments or leagues that run regularly. Participating in these events is an excellent way to become acquainted with the community and gain insight into its workings.
How You Can Earn:
Prize money is the biggest source of revenue for esports players. Tournaments based on video games with huge prizes can easily bring in millions of dollars. Furthermore, teams typically generate most of their income through sponsorships.
Sponsorships for esports teams can be a lucrative source of income for pro gamers, but they must be managed carefully. Sponsorships may come in the form of commercial offers with companies or lump sum payments from the team itself.
Streaming can be a lucrative source of income for esports players, especially when their streams become popular. Streamers earn money from subscriptions, donations and sponsored merch.
A successful streamer can attract thousands of subscribers and earn tens or hundreds of thousands of dollars each month. However, streaming demands a great deal of time and energy from most esports players; thus, many prefer to focus on playing competitively rather than streaming.
How You Can Become a Pro Gamer:
Esports players don’t need to pay for their equipment like traditional sports do. In fact, some professional esports athletes even own custom-built gaming consoles!
Start by playing local amateur tournaments and then progress to more competitive leagues as your skills develop. When you have acquired enough experience and built a good reputation within the community, it may be possible to pursue full-time employment with an established esports team.
How You Can Become Noticable:
Just as athletes are idolized and feted by their fans, esports players also have an audience. That is why it is essential to maintain your social media presence and engage with followers; this will help build a loyal fanbase and draw attention from within the esports community as well.
How You Can Be Featured:
Professional gamers sometimes earn recognition in the media. This could lead to appearances in magazines or on TV, as well as being asked to write articles or create videos about their favorite game.