Esports Hot Streak Is Slowing Down

Key Takeaways

it might be time to say good game to the hot streak for Esports who's to buy a huge ad Market billions in venture capital and the rise of crypto Esports are now slowing down layoffs are just one factor the two biggest Esports groups team solo mid and 100 thieves cut head counts in 2022. then there's FaZe Clan a publicly traded Esports group it's stock plummeted 80 since going public as the dust settles it's become clear that monetization is a problem for the industry the average Esports viewer only generates about five dollars in Revenue big sponsorship deals help with that but crypto companies reportedly made up 15 of that Revenue in 2022 and that cash is likely to dry up Esports still have some serious eyeballs though the industry draws in 261 million viewers every month Saudi Arabia has invested 1.5 billion dollars in the Esports as part of a 38 billion dollar gaming bet this year alone