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As a result, esports teams have cult-like followings, with 10’s of millions of followers. This fan base generates a lot of revenue, and the esports teams have been reaping the benefits. In 2018, the Faze clan wasn’t even on Forbes’ list, but by 2019, they had soared to an estimated $35 million valuation. The reason for the meteoric rise is that they have become content creators.

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Despite these growing fan bases, esports have remained relatively underdeveloped in Japan, due to its strict anti-gambling laws, including the ban on paid professional gaming competitions. Nonetheless, esports are extremely popular in Europe and the Americas. In fact, the International Olympic Committee has even discussed incorporating esports into future games.

According to eSports industry analysts, 380 million people will watch eSports events this year. Of this, 165 million will be “eSports enthusiasts”–those who watch esports regularly. These numbers are huge for brands, video game producers, and players alike. Madden 19, for example, is the latest game in the EA Madden Franchise, which has sold 130 million units worldwide and generated $4 billion in revenue.

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