At the end of July, 16-year-old Kyle “Bugha” Giersdorf won $3 million at the Fortnite world championship in New York. That’s almost $1 million more than Tiger Woods makes for winning the Masters. This kind of money being given away at an eSports promotional tournament signals two indelible truths: 1) eSports are eclipsing regular sports, and 2) there’s some serious money to be made off of eSports stocks.
In case there was any doubt, eSports has been experiencing a year-over-year growth of 38 percent, leading its market valuation to pass $1 billion this year. In 2017, ...
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