The ongoing pandemic has boosted video game growth, and there has been an increase in revenue generated. The industry has attracted a wider audience globally. Betway eSports is one of the leading brands promoting the growth of the new venture, and it is safe to say that even games created by lesser-known studios have performed excellently in the market.
According to Forbes’s recent report, industry revenue has increased immensely. Forbes also published the top most valuable companies in 2020, and topping the list is eSports organization TSM based in Los Angeles. TSM is valued at a whopping $410 million in 2020.
TSM is closely followed by Cloud 9, based in Los Angeles, with its estimated value being a staggering $350million. Netherlands-based eSports organization Team Liquid is ranked third with an estimated value of $310 million.
According to Forbes, they had to interview 24 eSports organizations, investors, analysts, and advisors for them to come up with the list. The revenue figure on the final list is a representation of the estimated value of each company.
Related: LECO 2020 The Birthing Of ESports In Nigeria
List of top companies according to their valuation in 2020
1. Team SoloMid [TSM]
The company plies its trade in Los Angeles. It was founded in 2009 by Andy Dinh. At first, it started with League of Legends, one of the leading names on Betway. It is valued at $410 million, and its revenue has been on the rise in 2020.
2. Cloud 9 [C9]
The company is based in Los Angeles, California. It was founded in 2013 by its current CEO, Jack Etienne, after purchasing the then League of Legends roster owned by Quantic Gaming. The organization is valued at $350 million, and its estimated revenue stands at $30 million.
3. Team Liquid
The organization is based in the Netherlands and has teams in various regions. It was started in 2000, making it two decades old. After the organization released the famous title Starcraft II, they signed their first team and ventured into the esports scene. Its value is estimated to be $310 million, and the estimated revenue is $28 million.
4. FaZe Clan
It is an esports, lifestyle, and Entertainment Companies based in LA, California. It was started on 30th May 2010. It has fielded rosters across various titles; namely, Call of Duty, GO, Counter-strike, and more. The company is valued at a whopping $305 million, and the estimated revenue stands at $40 million.
5. 100 Thieves
The organization specializes in gaming and lifestyle. It plies its trade in Los Angeles, California. The company was started in 2017 by Matthew Haag, a former experienced Call of Duty player. He used to play for Optic Gaming hence has lots of knowledge about the industry. His company is now valued at $190 million, and the estimated revenue stands at $16 million.
6. Gen.G [Genaration Gaming]
Formerly it was known as KSV. The company specializes in esports. It is based in Playa Vista, Seoul, South Korea. The organization was started by Kent Wakeford and Kevin Chou in 2017. The two were the co-founders of Kabam, a video gaming development company. At a staggering $185 million, Gen. G is currently valued at the revenue estimate is $14 million.
Among the other top ten valuable Esports companies are Enthusiast gaming valued at $180million, G2 Esports worth $175 million, NRG Esports estimated to be worth $155 million, and Team T1 standing at $150 million.
The healthy competition in the industry is expected to see more companies join the list shortly. Fans can enjoy a wide range of eSports on Betway and other top platforms.
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