The rise of eSports has been an extravagant source of income for professional gamers according to Rob “Capt. Rob” Steinberg, the host of Gamer World News, who said its popularity has led to competing in sold out arenas.
Continue Reading Below
“The League of Legends League Championship Series takes place in the Staples Center here in Los Angeles and the past couple of years they sold out the Staples Center,” he told FOX Business’ Stuart Varney on “Varney & Co.” on Wednesday.
Top players from each team can rake in millions for their expertise.
“We are talking tournaments that could be anywhere from $24 million, which is the Dota 2 International last year,” Steinberg said. “The winning team Liquid in Europe took home $10.8 million to be split across the team when they won.”
Professional gamers are often given lavish contracts to play on teams created by organizations such as OpTic Gaming, Team EnVyUs and Team Secret, which recently drafted its youngest player at 13 years old.
“‘Fortnite’ is probably the most popular and most successful viral game out there right now,” Steinberg added.
According to Steinberg, eSports viewership is roughly 140 million people worldwide.
While the Asian region features the most viewers, the U.S. market makes up “easily tens of millions,” according to Steinberg.