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Electronic sports (esports) experts considered 2018 a landmark year that cemented the space’s potential as the next billion-dollar industry.
Research firms like Statista estimate that global revenues for the wildly popular, still nascent sector may even surpass that mRilestone this year — particularly because of the number of companies and investors getting in on the esports market. Estimates from Newzoo project that the global esports market will exceed $1.6 billion by 2021.
In 1947 sports fans across America were able to watch the New York Yankees beat the Brooklyn Dodgers four games to three in the World Series on television. As the chart below shows, after relatively uninspiring sales for nearly a decade, TV purchases grew eight-fold in the year after the first World Series broadcast, another five-fold the following year, and within six years the number of units had blown past 50 million units sold.