Online sports betting is a rising industry and those looking to profit most from it should be willing to adapt. One leader in such adaptability is well-known bookmaker Betway Sports, evidenced by its embrace of eSports. The budding sport's emergence as a serious financial force worthy of investing in is a shining example of innovation and forward-thinking at work in the online wagering business.
The bookmaker announced plans this week to sponsor more eSports events including this year’s ESL Intel Extreme Masters as well as other ESL One events this year. It also plans to sponsor seasons seven and eight of the CS:GO Pro League. Due to past success sponsoring ESL One Cologne, the endeavor would appear to be a fruitful one for the online gambling company.
ESL One Cologne, the largest tournament for the online multiplayer first-person shooter game Counter-Strike: Global Offensive (CS:GO) as created by Hidden Path Entertainment and Valve. As the fourth installment of the series and one of the most popular competitive games in the eSports market, CS:GO made for a smashing success at the ESL One Cologne tournament. SK Gaming, the winner of the 2017 event emerged from a field of 16 of the best teams in the world and took home a prize of $250,000.
Adam Savinson, head of eSports at Betway, has spearheaded movements to add and maintain partnerships with leagues and tournaments in the past and said he was looking forward to growing support for eSports in the future.
“We’ve already enjoyed an incredible amount of success over the past 12 months, becoming the first betting partner of CS:GO Pro League and ESL One Cologne, and we can’t wait to build on this further. Following on from the success of our previous sponsorships, we will also be on the ground creating our iconic CS:GO content.”
Bernhard Mogk, global senior vice-president sales and business development at ESL, was thrilled with the deal and also excited at the prospect of expansion into the online betting business.
“With the expansion across further ESL assets, we are building on our successful partnership with Betway. We are glad to have found such a strong and reliable partner and together we are looking forward to an exciting year full of esports action.”
Beyond tournaments, Betway has gone as far as to sponsor an eSports team from Sweden named Ninjas in Pyjamas in 2016. The bookmaker has provided revolutionary online content for fans of the squad, a fact that Betway Director Anthony Werkman championed at the time:
“Betway were very proud to be the first bookmaker to launch a bespoke eSports microsite last year. Since then, we’ve invested heavily in our team which is full of die-hard fans of the sport. As a company, we seek to provide a first class, premium service and look to partner with those who share the same ideals and values to be able to bring fans closer to the action. It’s with these ideals, values, and mission in mind that we partnered with NiP. They have a huge fan base all over the world, and we are tremendously excited to provide exclusive, behind-the-scenes content on a regular basis as we follow the team’s quest to be the best.”
Efforts in the eSports business by Betway are certainly backed by the markets recent rapid growth since 2012 when its market revenue stood at just $130 million globally. Those numbers jumped to $492.7 million in 2016 and are currently on pace to break the billion-dollar barrier in 2019 and reach $1.5 billion by 2020 as eSports continues a meteoric rise to popularity across the globe.