Years ago, parents would tell their children to get off their games since they won’t make them any money. However, this is no longer the case. The rise of online gaming has transformed entertainment, turning a recreational pastime to a multi-billion-dollar industry. Here are the different ways online gaming is creating real money opportunities, and how you can take advantage of it.
Esports and Tournaments
Esports, also known as competitive gaming, has seen an explosive growth throughout the past decade. Back then, parents would tell their children to get off from their games since they wouldn’t put bread on the table, but now, they really can.
Esports has grown into a billion-dollar industry, attracting millions of fans every month. 10 years ago, players would compete for hundreds of dollars in tournaments, but now, they play for millions.
The prize pools for esports tournaments continue to grow every year. In 2021, Dota 2’s The International 2021 exceeded $40 million, with the winners taking home $18 million! However, other titles aren’t slouches either – there are dozens of million-dollar events happening every year.
Prize money isn’t the only way to make money from esports. Brands pay big money to sponsor teams and place their logo on jerseys. This has allowed professional esports players to earn five-figure monthly salaries consistently.
Skin Betting
Skin betting is another way for players to make money through online games. Players can earn real money through virtual items, particularly in games like CS2 and Dota 2, where such items can be bought and sold, meaning they have real-world value.
Betting platforms typically feature games like roulette or coin flips, which are purely based on luck. However, some websites have timing or decision-based game modes, like Towers, a game where players climb the towers to win skins.
If luck-based betting isn’t for you, wagering on professional esports matches is also a thing. Players can analyze the recent form of teams and place bets based on who they think will win a specific match.
Content Creation
If you have an entertaining personality, streaming and content creation have become ways to earn a stable income. Platforms like Twitch, YouTube, and TikTok, offer opportunities to generate money through live streams, videos, and shorts.
Content creators primarily get paid through ad revenue from the platform, but they can earn more money through sponsorship. Similar to esports, brands love sponsoring content creators to promote their products, paying them a good sum of money in return.
Partnerships and endorsements create an additional revenue stream for content creators. It’s a win-win situation – content creators can do what they love and get paid for it, while helping brands reach a targeted audience.
Game Development
Technology has significantly improved over the years, and there are a ton of game engines available today. Game development has become more accessible than ever, and there is certainly money to be made.
Not only can companies design their own games from scratch, but even platforms like Roblix allow users to create their own games and share them with a global audience. Monetization is also allowed, making it a reliable income stream for users who have built the most popular games. Indie games have also surged in popularity, with many developers easily putting their games out on platforms like Steam or Epic Games, which make it easy to publish and sell games.
However, money doesn’t stop there. These developers can create and sell in-game assets like skins, models, and soundtracks to make additional revenue. Overall, making money by creating games has never been easier.
