Esports, or competitive gaming, is already changing today’s entertainment landscape, and is poised to have an even greater influence on tomorrow’s. Because of this, it is important to consider how this nascent industry can have a positive impact on the economies of Worcester and Massachusetts.
The surging popularity of video games like League of Legends, Fortnite, and Madden is striking. Growth curves have been consistently trending steeply positive, and have been supercharged by the pandemic’s habit-changing effects as consumers, communities, and corporations around the world explore, adopt, and embed games into their lives, cultures, and business models.
On the post-pandemic horizon are billions of dollars in revenue, tens of thousands of jobs, and untold creative possibilities. By coordinating efforts and aligning talent, resources, and ideas, our region can claim more than its fair share of the opportunities within the rising esports industry as we seek to reignite our economy.
Though still early in its business cycle, last year’s premier esports event, the League of Legends World Championship final, was broadcast in 16 different languages and seen by 44 million viewers. According to market researcher NewZoo, esports revenues will reach $1 billion, and its audience will grow to nearly 500 million this year for the first time.
Those are just a few of the reasons, experts say, why there are so many investments being made in professional esports teams, organizations, communities, and leagues. This includes the Boston Celtics entry, CLTX Gaming, into the