In the wake of the explosive growth the esports industry has faced in recent years, many interested franchise owners are now exploring the potential ways they can invest in the industry. In this blog post, we’ll explore why investing in the esports industry is resilient to economic downturns and why owning an XP League franchise can be a wise investment in this industry.
A Growing Industry
Esports has been on the rise for several years, with the industry worth now reaching $1.3 billion in 2022. The industry is expected to continue growing, with some estimates predicting it will reach $3 billion by 2025. With an estimated audience of over 500 million people globally, the esports industry has become a significant part of the entertainment sector.
A Resilient Industry
Esports has shown itself to be a resilient industry during previous economic downturns. In fact, the COVID-19 pandemic led to a surge in esports viewership and engagement. With lockdowns and social distancing measures in place, many people turned to esports as a form of entertainment. Kids especially found esports and video games in general as a way to connect with their peers online. The industry saw record viewership numbers and increased engagement during the pandemic, demonstrating its resilience to economic downturns.
Low Barrier to Entry
One of the key advantages of investing in the esports industry is the low barrier to entry. Unlike other franchise concepts, which can require millions of dollars in startup costs, XP League is more affordable (have we mentioned our franchise fee is only $35K?). This makes it easier for entrepreneurs and investors to enter the market and build a profitable business.
Another advantage of investing in esports is the young demographic it attracts. The majority of esports fans and players are under the age of 35, and this demographic is highly coveted by advertisers and sponsors. Kids especially are consuming esports like no other generation with 78% of gaming preteens tuning in. This has led to significant investments from major brands and corporations in the esports industry.
So Why Own an XP League Franchise?
XP League is the leading youth esports franchise that provides a safe and fun environment for young gamers to compete and learn. As an XP League franchise owner, you can make a positive impact on the lives of young gamers in your community. You can provide a space for young people to develop important skills, such as teamwork, communication, and sportsmanship while allowing them to game safely. With the growing popularity of esports, XP League franchise ownership is the opportunity interested franchise owners have been waiting for.
Provide a safe and fun environment for young gamers while also building a successful business today by contacting one of our franchise experts today.