Betting on eSport – the next big thing in Sport Betting

The COVID-19 pandemic has wreaked havoc on a global scale with the world economy at its lowest in the past decades. No industry has been spared by the pandemic, but the sports industry has been one of the hardest hit – with major sporting events canceled or postponed. This closure of sporting events has also affected the betting industry, which saw its revenue disappear overnight.

But as the popular saying goes – Necessity is the mother of all innovation, the sports betting is innovating and has started looking into the upcoming industry of eSport.

The Rise of eSports Betting

eSports (or live hosted gaming tournaments) are gaining huge popularity and is one of the industries that has seen its revenue increase during this pandemic.

In general sporting events focuses on strengthening ties between players, franchises, and fans to create a thrilling atmosphere. eSports provides the same excitement but virtually. Look the buzz around the ongoing NBA2k20 tournament.

Providing exposure to competitive sports is the main priority for offline and online bookmakers. With sports competitions shutting down, eSports is the next logical option to explore. Competition in this particular segment is still small, thus there is still a potential first-mover advantage for bookmakers.

PNXBet Brings eSports to Online Gambling

PNXBet is one of the online casinos which has shifted its focus from sports betting towards eSport betting. Alongside its traditional offerings – including casino, poker, and live casino games, PNXBet is now focusing on virtual sports and eSports. PNXBet now wants to increase its foothold in the eSports betting market by providing access to more competition.

Watching eSports as they happen live and being able to bet on the action creates an entirely new dynamic. This industry is expected to become the fastest-growing segment in all of the online betting over the coming years.

As a part of the ambitious eSports push, Pnxbet has also partnered with three fellow gaming streamers in South East Asia and the Philippines. Coach Byb, Guso Gaming, and Xan PH have all joined as Pnxbet partners as the company expands into emerging markets.

eSports Betting Titles

Due to a massive fan base and a huge number of online events, both Dota2 and CS:GO, are a special focus for PNXBet. Other options to explore on PNXBet are the Tennis R.G. Cup, the virtual counterpart of the Europa League for soccer fans, the NBA Regular Cyber Cup, and many more. All eSports betting options are updated constantly and yield some very high betting odds.

PNXBet prides itself on offering honest live odds and convenient deposits and withdrawal options. Supported payment options include bank transfer, credit and debit cards, Skrill, Neteller, Voucher Wallet Code, Bitcoin, Litecoin, Monero, and Ethereum. 

Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.