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PNXBet Launches Live eSports Category Amid Struggles in the Betting Industryopen_in_new
In the wake of the coronavirus pandemic, most gaming businesses, especially in the gambling industry, are striving hard against the odds. As for brick and mortar betting business – they have it worst, as most of them have closed down. However, leading sports betting platform Pnxbet finds business innovation through the inclusion of a Live eSports betting category, allowing its users to watch, and bet on eSports in real-time.
While stadiums remain shut, and all forms of major competitions around the world have been canceled – at least for those competitions requiring physical presence such as the NBA, NFL, Champions League, Premier League and Boxing, sporting activities such as eSports are the new narratives and providing a whole new level of entertainment and business opportunities to the e-gambling industry.
The earliest date for resumption of a major league sports — Major League Baseball (MLB) — is tentatively in May. Meanwhile, other sporting activities remain uncertain of their resumption date as the pandemic situation deteriorates in many countries. Should this be the fate of most gambling businesses, there may not be much of a business to return to when this is eventually over. Especially in the United Kingdom where football and horse racing account for 75% of the UK’s sports betting market.
While the eSports industry isn’t new, it’s market share in the video gaming industry has been undervalued for quite a while despite progressive market figures. As a matter of fact, estimations back in 2016 valued the industry at $5.5 Billion, further putting the industry at an exponential growth trajectory expected to hit a hallmark of $12.5 Billion by 2020 (estimations made before the COVID-19 pandemic).
Notwithstanding, another alarming yet objective discovery is that until recently, eSports betting has always been a seldom topic even among the major drivers of the eSports gaming industry. But it appears that the narrative has changed a lot in just under a decade, with the skins betting market thought to have been the catalyst for eSports betting to take off.
Bookmakers’ primary objective is to connect industry stakeholders to competitive sports and maximize exposure to such market opportunity. However, with the recent turn of events, bookmakers are turning to eSports. Although in some jurisdictions, legal constraints may have stalled growth and adoption, it appears the incentive to establish favorable regulations may just be in sight.
Pnxbet is a premier licensed gaming operator registered under the laws of Curacao and provides a wide variety of online casino games and sportsbook matches. The gambling site hosts more than 50 casino providers with over 5,000 casino games, hundreds of live casino tables and 35,000 monthly sports events to bet.
And now, with its Live eSports betting category, Pnxbet stands among a few willing to take advantage of the emerging markets of eSports betting, which is expected to scale in patronage as the traditional sports betting platforms have almost but caved in due to the COVID-19 pandemic. The betting platform plans on increasing its market presence as it brings about more exposure to more competition.
In driving its ambition, the brand has partnered with three fellow gaming streamers in South East Asia and the Philippines. Coach Byb, Guso Gaming, and Xan PH have all joined as Pnxbet as the company expands into emerging markets.
eSports Top Titles
Pnxbet has a special focus on Counter Strike: Global Offensive and Dota 2 games which are considered two of the three most popular eSports, that is, after League of Legends. Other options to explore on PNXBet are the Tennis R.G. Cup, the virtual counterpart of the Europa League for soccer fans, the NBA Regular Cyber Cup, and many more. All eSports betting options are updated constantly and yield some very high betting odds.
PNXBet prides itself on offering honest live odds and convenient deposits and withdrawal options. Supported payment options include bank transfer, credit and debit cards, Skrill, Neteller, Voucher Wallet Code, Bitcoin, Litecoin, Monero, and Ethereum.