Esports Can Become One Of The Largest Revenue Sectors Of Bangladesh

In the era of digital Bangladesh, we are missing out on one of the largest revenue sectors that have the potential to have a huge impact on Bangladesh’s economy. 

What is Esports?

Through esports (electronic sports), spectators are observing online gaming competitions. It is similar to the experience of watching a professional sporting event, but viewers see video gamers compete against one another rather than in a physical competition.

How is Esports not different from sports that take physical competition?

In recent years, the esports industry has seen a sensational increase in popularity both in terms of viewership and revenue. Let's discuss the recent most hyped sports tournament in the whole world, FIFA World Cup 2022. Even though 

Bangladesh didn't qualify to play in the FIFA WC, we support other national teams like Brazil, Argentina, Germany, Italy, and many more. National teams from various countries participate in the tournament after the qualifying stage. Tournament spectators or supporters from different countries come to Qatar to cheer for their favorite team and roam around the country. Tournament-organizing countries are not only investing in the tournament they are also earning from it. 

Now let's talk about esports tournaments and point out the factors that are not different from sports events that require physical activities. Like sports, the esports community is also slowly growing day by day. Esports tournaments are held grandly in different places in the country every year. If we talk about recent tournaments there are tons of tournaments there like Dota The International, Valorant Champions Tour, Fortnite World Cup Finals, etc. Millions of online gamers participate at the beginning of online tournaments. Just as in sports, in esports there are also a lot of players who came from different countries to participate in the qualifier rounds to reach the group stage of top teams and represent their country and team.


Revenue models for Teams, Events, and Media in Esports Competitions :


The most frequent query to tournament organizers is, "how will they fund the prize pool for the teams and players participating in the event, and what is the organization's benefit?"

There are revenue models to make this topic clear. The revenue models are given below.

TEAM REVENUE MODELS:

  • Sponsorships

  • Endorsements

  • Profit Sharing

  • Stream Partnerships

  • Team-Organized Events

  • Player Appearances

  • Stream Ads


EVENT REVENUE MODELS:

  • Sponsorships

  • Profit Sharing

  • Stream Tickets

  • Event Tickets

  • Registration Fees

  • Stream Ads

MEDIA REVENUE MODELS:

  • Sponsorships

  • Event Organizing

  • Media Partnerships

  • In Content Advertising



Global Esports Market Revenue From 2020 To 2025


Esports events with the largest prize pools (International):


DOTA The International (2021)                        $40 million.

Fortnite World Cup Finals (2019)                    $15.3 million.

Honor of Kings World Champion Cup (2021) $7.7 million.

PUBG Global Invitational (2021)                    $7 million.

VALORANT Champions Tour (2021)            $5.7 million.


(Approximate total prize pool in million U.S. dollars)


Esports events with the largest prize pools (National):


AIC SA Qualifiers (2022)                      ৳ 75,00,000

D1 Cup Bangladesh (2022)                 ৳ 40,00,000

         

(Approximate total prize pool in Bangladeshi taka)



IESF World Esports Championship 2022
How can esports become one of the largest revenue sectors of Bangladesh?


Esports in Bangladesh are not yet widely spread, but esports have already started to take a place where we recognize esports athletes as our representatives. A1 eSports is a Bangladesh team of the world-famous game PUBG Mobile. A1 Esports represented Bangladesh in the highest stage of the PUBG Mobile tournament.

They placed 15th in the PUBG Mobile Global Championship 2021. If we talk about CS:GO, we have the mention the name Red Viperz Gaming (RV). Red Viperz Gaming is a professional esports team/ organization that is representing Bangladesh since 2008. They recently waved the flag of Bangladesh on the stage of the IESF World Esports Championship 2022 in Merusaka Nusa Dua, Bali, Indonesia. There are more esports achievements that we can mention as well as we can mention that these esports players and teams are not only representing Bangladesh on the international stage but also earning revenue for the country by achieving the prize money or placement remittance. Esports-related brands will show their interest and support them with sponsorship deals and other facilities. Which will make the players, teams, and organizations economically stronger. At the end of the topic, let's talk about the tournament organizers of Bangladesh. Local esports tournament organizers are the base of this industry. These organizers have started to reach the level where they are inviting international players and teams to participate. Esports is rising and Bangladesh will take its place in the global scenario soon.





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