2 Top Stocks to Invest in Esports

Esports rose to prominence in 2018 with the launch of Activision Blizzard's Overwatch League. Before then, professional gaming didn't get much attention outside of dedicated esports fans. But the big game companies are starting to provide the financial backing that esports have sorely lacked in the past, and this bodes well for continued growth of this burgeoning market. 

One estimate puts the total value of esports, including money generated from advertising, sponsorships, and media rights, at $1.1 billion this year. Newzoo expects the market to grow 15.7% in 2020. 

Activision might seem like a top choice to invest in esports, but the problem is that esports revenue is tiny compared to Activision's more than $6 billion in annual revenue. You can get more bang for your buck by considering the companies broadcasting tournaments through live streaming platforms. Huya (NYSE: HUYA) and DouYu International Holdings (NASDAQ: DOYU) operate two of the largest game-streaming services in China, a hotbed for online gaming, and these companies provide plenty of growth.

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Source Fool.com