Financial Services

Get it on Google PlayGet it on Google Play

© 2025 Vellis. All rights reserved. Read our Privacy Policy.

hero bg image
Blog Featured Image

What Are eSports? Guide to Competitive Video Gaming

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

forga_team

Automate your expense tracking with our advanced tools. Categorize your expenditures

Related Articles

Blog Featured Image

Vellis News

25 March 2025

What is a SWIFT Code?

A SWIFT code is a unique identifier used by banks for international transactions. It consists of 8 to 11 characters that include the bank’s name, country, location, and sometimes a branch code. Also known as a Bank Identifier Code (BIC), a SWIFT code ensures that money is sent securely between financial institutions worldwide.

The Evolution of eSports

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.

How Esports Work

Esports follows structured formats with clear rules to keep competition fair and exciting.

Competition Structures

These formats mirror traditional sports brackets and build drama as teams fight their way to the top.

  • Match Types: Best of 1 (BO1), Best of 3 (BO3), Best of 5 (BO5)
  • Tournaments: Open qualifiers, invitationals, or hybrids
  • Stages: Group stages (Round Robin or Swiss format) followed by playoffs (Single or Double Elimination)

Esports Roles

Esports have multiple roles to make plays and competitions great. Here are some of the vital roles in the esports arena:

  • Players: Professional gamers who compete in tournaments and often stream their gameplay.
  • Teams: Organizations that manage players, coaches, analysts, and support staff.CFTC
  • Organizers: Entities that host and manage tournaments, such as Riot Games or Valve.
  • Fans: The community that supports and engages with esports through viewership and participation.

Common Formats

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. 

Casual Gaming vs. Professional Esports

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.

Popular Esports Titles

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:

Multiplayer Online Battle Arenas (MOBAs)

  • League of Legends: A strategic team-based game with a massive global following.
  • Dota 2: Known for its complex gameplay and substantial prize pools.

First-Person Shooters (FPS)

  • Counter-Strike: Global Offensive (CS:GO): A tactical shooter with a strong competitive scene.
  • Valorant: Combines precise shooting with unique character abilities.

Sports Simulations

  • FIFA (EA FC): Simulates soccer matches, with tournaments like the FC Pro World Championship.
  • NBA 2K: Basketball simulation with its own professional league.

Fighting Games

  • Street Fighter: A classic fighting game featured in tournaments like EVO.
  • Super Smash Bros.: A crossover fighting game with a dedicated competitive community.

Battle Royale

  • Fortnite: Known for its large-scale battles and events like the Fortnite World Cup.
  • PUBG: A realistic battle royale game with a significant esports presence.

Prize Pools and Viewer Counts

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 / EventYearPrize PoolViewer Count / Notable Stats
Dota 2: The International2021$40 millionOver 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 Championship2021~$2.2 million (plus in-game sales, $30 million total by 2016)Over 73 million peak viewers
Honor of Kings: King Pro League Grand Finals2021$10 millionMillions of viewers in China

Esports are all about racking big numbers, big excitement, and huge global reach.

Esports Ecosystem and Industry

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.

  1. Revenue Streams: Esports generates income through sponsorships, micro transactions, ticket sales, and media rights. The industry’s value has surpassed $1 billion, with continuous growth.
  2. Organizations and Teams: Prominent esports organizations include FaZe Clan, Cloud9, Fnatic, T1, and G2 Esports. These teams participate in various esports games and have dedicated fan bases.
  3. Tournament Organizers: Companies like Riot Games and Valve host major tournaments, ensuring professional standards and global reach.
  4. Venues and Events: Esports events fill large arenas and attract millions of online viewers, showcasing the industry’s expansive reach.

Careers and Opportunities in Esports

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. 

Professional Players

Pro gamers often sign contracts with teams, earning salaries and competing for prize money. Top players can earn substantial incomes through competitions and endorsements.

Support Roles

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.

  • Coaches: Develop strategies and train players.
  • Analysts: Study gameplay to improve team performance.
  • Event Managers: Organize and oversee tournaments.
  • Marketing Professionals: Promote teams and events.

Each role brings its own challenges but also opportunities to shape the future of competitive video gaming.

Education and Training

Many institutions offer courses related to esports, including event planning, content creation, and game design. Some universities provide scholarships for esports athletes.

Collegiate and High School Programs

Esports programs in schools have grown, offering students opportunities to compete and pursue careers in the industry.

Esports and Its Cultural Impact

Esports now contribute to shaping how young people connect, play, and find their voice online.

  • Youth Culture and Online Communities: Esports influences youth culture, with many young individuals aspiring to become professional gamers. Online communities foster connections and shared experiences.
  • Crossovers with Entertainment: Collaborations between esports and music, fashion, and entertainment have become common, blending gaming with broader cultural elements.
  • Esports vs. Traditional Sports: Esports offers accessibility and inclusivity, allowing individuals from various backgrounds to compete at high levels, unlike some traditional sports.
  • Representation and Diversity: The esports industry continues to strive for greater diversity and representation, promoting inclusivity across all levels.

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.

References

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

Form background image

Ready to transform your financial management?

Sign up with Vellis today and unlock the full potential of your finances.

Related Articles

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.

Follow our latest news

Subscribe to stay updated on the latest developments and special offers.

Get Started

How it Works

Plans

FAQs

Sign-up


© 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.