Rivalry has released its ‘Rivalry Wrapped 2022’ report, which is an in-depth look at the performance of the esports betting industry throughout the last year. It was a revealing twenty-three-page document that uncovered the performance of both Rivalry itself and the industry at large across the last twelve months. Reportedly, Rivalry was the ‘number one most engaged esports betting brand in the world’ in 2022, putting it in a great place to publish this report.
While Rivalry is a multi-faceted platform, it revealed that 90% of its total betting handle in 2022 was made up of esports bets. Today, Rivalry offers traditional sports markets, virtual sports odds, and a casino, but its esports betting markets are where the platform truly shines. Read on to learn everything that was revealed by Rivalry’s end-of-year esports betting report.
Everything Revealed in Full
On the first informational page in the esports betting report, Rivalry detailed the top five wagered-on esports games in 2022:
- League of Legends
- Dota 2
- Mobile Legends: BANG BANG
It comes as no surprise that the ‘Big Three’ are still where they should be, ruling the roost. However, in a relatively short period of time since emerging onto the scene, VALORANT has seen a huge glow-up, rising rapidly to become one of the most popular esports betting titles. In terms of geographical breakdown, the majority of the world favoured CSGO in its esports betting practices, as per the report.
When it came to the most wagered-on esports tournaments (and matches), League of Legends absolutely dominated the field:
- LoL Worlds – T1 vs. DRX
- The International – Tundra vs. Secret
- LoL Worlds – Gen.G vs. DWG
- Campeonato Brasileiro – FURIA vs. PAIN
- LoL Worlds – DRX vs. EDward Gaming
This year, Brazilian organisations dominated esports betting. As per Rivalry’s report, it was revealed that the most bet on esports teams were FURIA, Team Liquid, LOUD, Red Canids, and T1.
An Impressive Year All-Round
Rivalry’s CEO, Steven Salz, had nothing but good things to say in the report:
‘2022 was an incredible year for Rivalry, and equally exciting for the alrger esports betting segment we participate in. We have continued to extend our growth as a company, averaging 29% month-over-month growht from January to October, while our esports betting customer base has similarly increased in size and betting volume over that period.’
It was a banner year for growth all-round, with brands like VALORANT seeing an intense rise in terms of popularity and value. For instance, VALORANT grew in betting volume in 2022 by more than 264% when compared to 2021. There was also a huge growth in mobile gaming-focused markets, as handheld gaming continues to become increasingly popular.
Will 2023 be an even better year for betting?