Epic Games announced a prize pool of $100 million for Fortnite World Cup
Esports (ESPO) continue to gain in popularity. 11,000 fans were ready to pay $200 per ticket to watch pro gamers compete with each other for Activision Blizzard’s (ATVI) Overwatch League Finals in 2018, which had a total prize pool of $3.5 million for the whole season.
The total prize money for such events is increasing every year. Tencent-backed (TCEHY) Epic Games’ Fornite has seen an amazing fan following. For the 2018–2019 season, Epic Games had announced a mammoth $100 million prize pool, dwarfing that of any other esports event.
Epic Games is reportedly valued at $15 billion
Now, Epic Games has just announced the first-ever Fortnite World Cup with a prize pool of $100 million. The winner of the World Cup will take home an unprecedented $3 million in prize money. Participants who qualify and compete will win a minimum of $50,000.
According to a report by the Wall Street Journal last year, Epic Games has a valuation of a whopping $15 billion. At that point, the Wall Street Journal, citing Superdata, said that Epic Games made as much as $1 billion in microtransactions or in-app purchases, over the past year.
Esports has seen amazing growth over the years, and the growth doesn’t seem like it will slow down. Experts think that pro-gamers will soon make more than pro-athletes. Online game streaming platforms like Amazon’s (AMZN) Twitch, have been direct beneficiaries of the rapid rise of esports.