Insights from Oddin.gg's latest State of Esports Betting report reveal significant trends in the esports betting sector. Participants in esports betting are staking, on average, seven times more than those involved in traditional sports. Meanwhile, the betting volume across all esports activities has seen a median increase of 31% year-on-year.
The data shows that during esports's most significant events, the average stake reached €77, a considerable rise from previous figures. Additionally, live betting has established itself as a dominant component, making up 72% to 86% of total betting activities in various esports titles. The report also highlights the emerging sophistication of betting markets, indicating growth not just in basic betting but also in more advanced propositions and combinations.
The popularity of esports has surged, especially since the Covid-19 pandemic, drawing a dedicated global audience. Top tournaments consistently attract millions of viewers, as reported by Esports Charts. Oddin.gg's annual analysis serves to provide concrete data for this evolving vertical, replacing speculation with actionable insights.
In March, Oddin released its latest report, which focuses on statistics aggregated from a wide range of esports betting clients. The findings draw attention to the diverse and growing landscape of esports betting, particularly noting how various titles are creating distinct opportunities for operators.
The average stake of €77 during the League of Legends World Championship (Worlds) demonstrates the event's appeal, reflecting a 166% jump compared to the previous year. VALORANT and Dota 2's significant tournaments reported lesser average stakes of €47 and €28, respectively.
The report also underscores the increasing prevalence of live betting. Dota 2 led the way with 86% of its betting activities falling under in-play betting, followed closely by other popular games like League of Legends and Counter-Strike 2.
Furthermore, the report noted a marked upsurge in complex betting markets, highlighting improved engagement and higher profit potentials for sportsbooks. Innovations such as player props and combination bets are gaining traction, enhancing the betting experience for users and providing sportsbooks with new revenue streams. This shift suggests that esports betting is maturing into a more nuanced market, with opportunities for operators to enhance retention and profitability.
