Electronic sports – or better known as Esports – refers to organized, competitive video gaming where professional players or teams compete in various video game titles. These competitions often draw large audiences, both in-person and online, and have become a significant part of the gaming industry.
VELLIS NEWS
10 Jun 2025
By forga_team
Related Articles
Vellis News
31 March 2025
Finding the right payment processor is a common headache for high-risk businesses. Reliable high-risk payment solutions can be challenging to find, but it’s not impossible.
Vellis News
1 April 2025
With the ongoing technological developments and futuristic approaches to various advancements, the rise of cyber theft and online security breaches has unfortunately become a common factor. Due to the fact that numerous businesses and stores have shifted their payment systems online and through various practical payment methods, it’s no wonder that many fraudulent activities have become apparent in such digital escorts.
Vellis Developments
4 July 2025
Vellis scored a major win this week when Visa officially added them to their Global Registry as a PCI DSS-compliant Service Provider. This puts the company in an exclusive club of payment processors that have jumped through all the security hoops required by the credit card industry.
Esports began with small, local tournaments but has rapidly expanded into a global phenomenon. In South Korea, the game StarCraft gained immense popularity, leading to the establishment of the Korean e-Sports Association (KeSPA) in 2000.
The rise of streaming platforms like Twitch further propelled mobile gaming into the mainstream, allowing millions to watch live competitions. The COVID-19 pandemic accelerated this growth, with more people turning to online gaming and esports for entertainment.
Esports follows structured formats with clear rules to keep competition fair and exciting.
These formats mirror traditional sports brackets and build drama as teams fight their way to the top.
Esports have multiple roles to make plays and competitions great. Here are some of the vital roles in the esports arena:
Esports matches typically follow formats like Best of 1, 3, or 5, especially in major tournaments like the League of Legends World Championship or CS:GO Majors, ensuring balanced and fair play.
Tournaments may be open to all, invite-only, or a mix. Group stages use formats like Round Robin (everyone plays each other) or Swiss (teams face others with similar records). In the playoffs, Single Elimination means one loss and you’re out, while Double Elimination offers a second chance.
These formats keep competitions exciting and easy for fans to follow.
While casual gaming is for leisure, professional esports requires rigorous training, strategic planning, and teamwork. Pro players often practice extensively to compete at the highest levels.
Esports games pull huge crowds and offer big prizes, drawing players and viewers from all over. Each game brings its own style and rules: some focus on teamwork, while others test speed or quick thinking.
Below some of the popular esport types and their most popular examples:
Prize money and audience size help show just how big and exciting esports can be. Top games pull in millions of dollars and millions of fans. Here is a look at some of the highest prize pools and largest viewer counts in esports history.
| Game / Event | Year | Prize Pool | Viewer Count / Notable Stats |
| Dota 2: The International | 2021 | $40 million | Over 2.7 million peak viewers |
| Counter-Strike: Global Offensive (CS:GO) | 2021 | $22 million (total across events) | 2.7 million peak viewers (PGL Major Stockholm 2021) |
| League of Legends World Championship | 2021 | ~$2.2 million (plus in-game sales, $30 million total by 2016) | Over 73 million peak viewers |
| Honor of Kings: King Pro League Grand Finals | 2021 | $10 million | Millions of viewers in China |
Esports are all about racking big numbers, big excitement, and huge global reach.
Esports runs on a fast-moving mix of business, media, and technology, each part playing a big role. Fans and players shape how these games grow, connect, and break new ground every year.
Esports offers many jobs, both on the stage and behind the scenes. As the industry continues to grow, new roles keep showing up every year.
Pro gamers often sign contracts with teams, earning salaries and competing for prize money. Top players can earn substantial incomes through competitions and endorsements.
While professional players bask in the spotlight, the esports world spins on the dedication and skill of those behind the scenes. These roles are vital for the growth and smooth running of what are esports games today.
Each role brings its own challenges but also opportunities to shape the future of competitive video gaming.
Many institutions offer courses related to esports, including event planning, content creation, and game design. Some universities provide scholarships for esports athletes.
Esports programs in schools have grown, offering students opportunities to compete and pursue careers in the industry.
Esports now contribute to shaping how young people connect, play, and find their voice online.
Esports has transformed from niche competitions to a global industry, offering numerous opportunities for players, professionals, and fans alike. As it continues to grow, understanding what esports are and the dynamics of esports games becomes increasingly important for anyone interested in the gaming world and providing gaming payment solutions.
Wikipedia contributors. (2024, May 24). Esports. Wikipedia. https://en.wikipedia.org/wiki/Esports
Senet. (n.d.). Cybersport: How the global ecosystem works. https://senet.cloud/en/blog/cybersport-how-the-global-ecosystem-worksKural, R. (2022, August 4). The rise of esports: A global ecosystem overview. Toptal. https://www.toptal.com/management-consultants/market-research-analysts/esports
Ready to transform your financial management?
Sign up with Vellis today and unlock the full potential of your finances.
Related Articles
Vellis News
4 September 2025
You cannot successfully run a business without offering your customers convenient and secure ways to pay, such as credit cards. But while card payments keep sales moving, processing fees can quickly eat into profit margins. That’s why finding the most reliable credit card processing service is an important decision for entrepreneurs, startups, and established companies alike.
Vellis News
26 September 2025
To start with, credit card fees are the charges merchants pay on each card transaction, covering interchange, assessments, and processor markups. As these costs continue to rise, both small and large businesses are exploring whether to pass them on to customers through surcharges or convenience fees. For small businesses, even modest fees can significantly reduce already slim profit margins, while larger companies feel the impact across high transaction volumes.
Vellis News
10 June 2025
Getting the most value from your currency exchange often comes down to timing. Currency rates shift constantly due to global events, economic data, and market sentiment. Even small changes over seconds or minutes can impact how much foreign currency you receive.
We use cookies to improve your experience and ensure our website functions properly. You can manage your preferences below. For more information, please refer to our Privacy Policy.
© 2025 Vellis Inc.Vellis Inc. is authorized as a Money Services Business by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) number M24204235. Vellis Inc. is a company registered in Canada, number 1000610768, headquartered at 30 Eglinton Avenue West, Mississauga, Ontario L5R3E7, Canada.








