---
title: Market Opportunity
slug: market-opportunity
icon: 📊
docTags: 
createdAt: 2024-07-14T18:35:32.709Z
---

- Global Esports Market: In 2022, the global esports audience will grow +8.7% year on year to reach [532 million](https://newzoo.com/resources/trend-reports/newzoo-global-esports-live-streaming-market-report-2022-free-version). Esports enthusiasts, those who watch esports content more than once a month, will account for over [261 million](https://newzoo.com/resources/trend-reports/newzoo-global-esports-live-streaming-market-report-2022-free-version) globally. 

- According to a Bain & Company [report](https://www.bain.com/insights/level-up-the-future-of-video-games-is-bright/), it’s expected that the global gaming market will grow to a $307 billion market in the next 5 years. Blockchain Gaming was a [$4.82 billion market in 2022](https://www.grandviewresearch.com/industry-analysis/blockchain-gaming-market-report) and, according to a report from BITKRAFT, is poised to grow to a [$50 billion market by 2025](https://www.bitkraft.vc/gaming-industry-market-size/). Another report by Research & Markets estimates the industry growing to [$65.7 billion by 2027](https://www.researchandmarkets.com/report/blockchain-gaming#:~\:text=The%20global%20blockchain%20gaming%20market,rising%20funding%20for%20blockchain%20games.).

- The global market for gambling estimated at [$773.7 billion](https://www.globenewswire.com/en/news-release/2024/04/09/2860160/28124/en/Global-Gambling-Market-to-Reach-1-Trillion-by-2030-New-Table-Games-Expand-the-Consumer-Base-at-Casinos.html) in the year 2023, is projected to reach$1 Trillion by 2030.

- Look at the US specifically, Americans wagered a record [$119.84 billion](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/american-gaming-association-legal-sports-betting-hits-record-revenue-in-2023-80522087#:~\:text=adopting%20the%20practice.-,Americans%20wagered%20a%20record%20%24119.84%20billion%20on%20sports%20betting%20in,jump%20from%20the%20prior%20year) on sports betting in 2023, up 27.5% from 2022. 

- Those bets translated into $10.92 billion in revenue in 2023, a 44.5% jump from the prior year. This figure was tied to a 9.1% national hold percentage (settlement fee) that the sportsbook/bookmakers takes.

- Digital asset sales and streaming are the two fastest-growing revenue streams for competitive gaming, with 2020-2025 CAGRs of [+27.2% and +24.8%](https://newzoo.com/resources/trend-reports/newzoo-global-esports-live-streaming-market-report-2022-free-version), respectively. Growing awareness around digital assets and NFTs has boosted investment in gaming to [$4.49 billion in 2022](https://cryptoslate.com/web3-startups-raised-7b-funding-in-2022-with-gaming-accounting-for-62/) and accounts for 62.5% of all investment into web3 startups.

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[Tournament Predictions](docId\:mO5r7aS69Y3Z7FPBtKxYW) 
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[Quests & Payments](docId\:DUwrLx6YCsdQ7_Ykhph9M) 
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[GamerID](docId\:uuIVYBs3rmSDGqE6zO2F0) 
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[CGX Token Overview](docId\:d5uKwzUA61adsckgzBBnz) 
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[Tournament Software](docId\:hJP9PrmtvpAS2NF9IQq8P) 
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