Unfortunately, that amount will likely be affected by the ongoing COVID-19 pandemic. In fact, research firm Newzoo has estimated that esports will generate $1.79 billion (Opens in a new window) per year by the end of 2022. Esports, the video game industry's competitive gaming arm, has amassed huge audiences, incredible cash pots, and sponsorships that enable elite players to transform their passions into careers. That may sound overly harsh, but there's some truth in this take. If your parents ever disparaged your video game obsession as a huge waste of time, they're either a) out of touch or b) lacking in vision.
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