Total revenue for the global esports market is projected to grow to $1.1 billion in 2019, according to Newzoo’s annual global esports market report. If the market performs as Newzoo expects, 2019 will be the first time the esports industry reaches $1 billion in earnings in a single year.
Newzoo, a market intelligence firm for the esports industry, has released annual reports on esports since 2015. In 2018, the global industry brought in $865.1 million in revenue. The company predicts esports will reach $1.8 billion in revenue by 2022 based off its current trajectory. Newzoo claims that 82 percent of total esports revenue in 2019, or $897.