ESports have become popular over the years. eSports teams’ popularity is due to the competitive nature of the teams. There are always new teams that join the game, bringing a challenge to the existing ones and bringing excitement to the audience’s hearts. The popularity rises even more because of the entertaining nature of eSports betting. The fans and audience bet on teams they feel would win the game. If you’re looking to place bets on your favourite team, you can click here for more information about the sports books that offer eSports betting. The competition of the teams gets the watchers all excited.
Entertainment is not the only goal of eSports teams because no matter how much you overlook it, entertaining people without getting something in return doesn’t put food on the table. Some may say it all boils down to doing something you love to do, but it certainly isn’t all about that. Money is the primary goal when setting up any firm or organization. Every sphere of life needs money for smooth running, eSports included. There are various eSports teams today, some of which are more famous than others. Despite the popularity, they need money to keep the players and the team going. The more these teams make money, the more likely their sustenance is in the world of eSports .
- Sponsorships and partnerships: Sponsorships and partnerships remain the primary way most eSports teams make money. Due to the popularity of eSports teams at this time, some brands feel that it is wise to partner with these teams. The partnership is not solely to support the team. It is mainly to create awareness for their brand, using the team’s popularity.
Brands that sponsor eSports teams are not limited to electronic brands. Almost every type of brand can support eSports teams, all that matters are the popularity they get after the sponsorship. When it comes to partnership, it is not limited to only brands. Well-doing individuals also partner with these teams in percentages. They agree on the individual’s profit percentage from the team’s profit.
- Winning tournaments: Winning tournaments might not be the significant way these eSports teams make money, but this strategy is also valid. Tournaments involve other eSports teams in a competition to win a game. Like every game with a sole winner, there are prizes after the tournaments. The winning team goes home with the price. Winning tournaments is an excellent way to make money as an eSports team, but it is not sustainable.
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Source: https://www.techgamingreport.com/how-do-esports-teams-make-money/
