League Of Legends And Other Top Esports Not Immune From Economic Downturn, Says Riot Games

The League of Legends game is one of the most successful PC games on the planet, and most liking by peoples events like the Worlds 2022 Championships make up a huge chunk of Riot Games' revenue.

By Shubham Dalal | Nov 13, 2022 | 3 Min Read follow icon Follow Us

League of Legends and other top echelons not immune from economic downturn, say Riot Games League of Legends is one of the most successful PC games on the planet, and events such as the World’s 2022 Championships comprise a substantial portion of Riot Games’ revenue.Can Britain become the master of e-sports? But what about the UK market? Having proved itself to be a worthy host of world-class sporting events, can it one day welcome even the best of professional gamers?If you need more information about League Of Legends and other top esports not immune from economic downturn, says Riot Games then read carefully and share with your friends.

League Of Legends and other top esports not immune from economic downturn, says Riot Games :

The global president of eSports at Riot Games said: “Because our revenue typically comes from sponsorships, you may have some weakness.” He added: “We’ve done really well because we reach a scale of millennial and Gen Z audiences that very few platforms can reach. But I’m a little concerned about going soft with our sponsors.”The League of Legends game is one of the most successful PC games on the planet, and most liking by peoples events like the Worlds 2022 Championships make up a huge chunk of Riot Games’ revenue.

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This year, Riot Games attracted sponsorship deals from brands such as Tiffany, MasterCard and Mercedes, all keen to reach a younger audience. As almost all esports are played on PC at the elite level, the viewership is huge. Worlds 2022 set a new record for League of Legends with 5.1 million concurrent viewers.

In a report back in 2020, the government described esports as having “the potential to develop into an area of genuine national strength in the UK, building on our world-class video games, entertainment and sports sectors”.Image: Worlds 2022 attracted massive crowds and online audiences Mr Needham, who lived in the UK, said: “The UK has not been the strongest market for us because it is a very console-dominated market.” Generally in your flat, your home, you do not have enough space for a dedicated office PC setup.But what about the UK market? Having proved itself to be a worthy host of world-class sporting events, can it one day welcome even the best of professional gamers?

Mr Needham, who lived in the UK, said: “The UK has not been our strongest market as it is a very console-dominated market. “Normally in your flat, your home, you do not have enough space for a dedicated office PC setup. “A lot of the pc gaming happens in the living room and all thinks in the pc is always in the room.” In the Last year’s Ofcom figures showed 30% of Brits gamed on consoles,and compared to just 12% on dedicated gaming desktop computers for all the gamers who like the play games and esports .

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