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Newzoo: Esports projected to generate $1.38bn in 2022

Report also predicts that the competitive gaming sector is on pace to earn $1.86 billion in 2025

Today Newzoo released its 2022 Global Esports & Live Streaming Market Report, which projects that esports will generate $1.38 billion in global revenue during this year.

The figure represents an increase of 22% year-over-year when compared to 2021.

The market intelligence firm went to on to say that sponsorships are estimated to make up 60% of global esports earnings, to the total amount of $837 million during 2022.

Newzoo's report also said that global esports earnings will reach over $1.86 billion in 2025.

It also provided a demographic breakdown of esports enthusiasts during the year of 2021.

It noted that the group is primarily young and male, however women made up 34% of the group.

Among the group, 24% are between the ages of 21 and 65, while the remaining 10% are between the ages of 10 and 20.

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Jeffrey Rousseau

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Jeffrey Rousseau joined GamesIndustry.biz in March 2021. Based in Florida, his work focused on the intersectionality of games and media. He enjoys reading, podcasts, staying informed, and learning how people are tackling issues.