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Esports Market to Hit $12.5 Billion by 2030, Golden Matrix Group Inc. (NASDAQ: GMGI) To Add New Platform to Growing B2B iGaming Portfolio
August 4, 2022

Esports Market to Hit $12.5 Billion by 2030, Golden Matrix Group Inc. (NASDAQ: GMGI) To Add New Platform to Growing B2B iGaming Portfolio

  • Esports industry maturing, attracting growing audience via star-studded tournaments, ticket sales, merchandise, live social media events
  • Industry expected to reach $12.5 billion at a CAGR of 21.9% by 2030
  • GMGI recently featured on Benzinga’s Esports Listmakers Series, CEO reveals upcoming launch of Esports platform
  • GMGI delivers easily customizable, configurable, modular solutions for B2B operators, recently achieved 15 consecutive profitable quarters

The global Esports market is maturing into a multi-faceted entertainment enterprise, complete with tournaments, celebrities, and social media influencers. Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content, aims to leverage this trend by adding an Esports platform to its growing portfolio of B2B iGaming and Esports solutions.

A recent report by Research and Markets confirms the trend, projecting that the Esports market size will reach roughly $12.5 billion at a CAGR of 21.9% by 2030 (https://ibn.fm/cld8s). Increased mobile adoption, growth in emerging countries, and rising Esports awareness are just a few factors fuelling the trend. In addition, competitive leagues featuring athletes and celebrities are disrupting traditional sports media structures with established brands leveraging new marketing opportunities via sponsorships and advertising on social media platforms like Twitch and TikTok. Related industries are also emerging in ticket sales and merchandising to contribute substantially to overall industry growth.

Golden Matrix, a leader in B2B iGaming and Esports solutions, was recently featured in financial media and data company Benzinga’s Esports Listmakers Series (https://ibn.fm/Cx75K). During the presentation, Golden Matrix CEO Brian Goodman revealed insights into the state of the industry, along with common challenges in running Esports tournaments online. “The only potential way to run gambling on Esports would be sanctioned events where it becomes a situation where the people that are playing would not want to throw a game do something because of their status,” said Goodman.

“As a company, we put together a peer-to-peer Esports situation where people will be able to play each other and bet against each other, so obviously they wouldn’t be throwing their own match…we built this product and it has some soft games as well, and that’ll launch quite soon.”

Golden Matrix boasts 15 consecutive profitable quarters – a testament to its successful B2B iGaming strategy (https://ibn.fm/X4dmY). The company offers highly modular, turnkey, and white label gaming platforms that can be easily customized by iGaming operators. With a focus on enhancing the customer experience, GMGI’s solutions are easy to use, and compatible with all major browsers, operating systems, and devices.

GMGI simplifies iGaming and Esports operations with its portfolio that includes its GM-X Turnkey, GM-X White Label, and GM-X Direct Integration solutions. GM-X Turnkey is a complete software package that integrates thousands of games from leading content providers. GMGI’s GM-X White Label offering provides a complete solution with licensing, accounting, management, support, and gaming content. For operators requiring access to GMGI’s extensive gaming portfolio, the company’s GM-X Direct Integration offering provides a solution that acts as an integration layer between the operator and content provider on top of the GM-X aggregation system.

Golden Matrix Group is the leading provider of turnkey and white label iGaming platforms, Esports technology, and gaming content. As the iGaming and Esports industries continue to grow, GMGI is favourably positioned to offer its B2B partners a distinct competitive advantage with flexible, highly modular, configurable, and scalable AI-powered gaming platforms that maximize their return on investment.

For more information, visit the company’s website at www.GoldenMatrix.com.

NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

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