Games and esports analytics provider Newzoo has released its annual report on the esports market for 2020.
The report is headlined with the statement that the esports industry will produce revenues in excess of $1 billion (£773.1 million) discounting that earned from broadcast platforms.
As per Newzoo’s estimate, sponsorship will generate $636.9 million in revenue – a significant increase from 2019’s $543.5 million. Following sponsorship in consecutive order of amount of revenue generated are media rights, merchandise and tickets, publisher feeds, digital, and streaming. A total figure of $1.1 billion (£852 million) is projected to be reached across all revenue streams for the year.