E-sports: a source of economic prosperity
Electronic video games have become a constantly growing industry, with League of Legends being a benchmark in the competitive field. In countries where gaming is part of the everyday culture, enormous revenues have been generated within the business, directly reflected in the salaries of the players, which reach impressive figures.
The influence of eSports worldwide
Countries like South Korea and China consider video games, especially LoL, to be an integral part of their culture. Personalities such as Lee Sang-Hyeok, known as Faker, have become international benchmarks, winning significant financial prizes throughout their careers.
Competitions and financial prizes
Other video games like DOTA 2 have offered even more generous cash prizes. However, League of Legends remains the most watched game in its tournaments, achieving record numbers of fans during the Worlds 2023 finals.
Regulation of the wages of elite players
Professional League of Legends leagues have begun regulating team salary caps to ensure financial balance, despite shrinking viewership. This has been necessary to maintain the health of the digital ecosystem and avoid economic imbalances.
The brevity of professional careers in electronic sports
Elite players in eSports have very short professional careers, marked by stress and saturation. Despite high earnings, uncertainty about the future after their careers is a common concern, as many have sacrificed other aspects of their lives to achieve career success.
The future of elite players
Although the longevity of their careers is uncertain, many elite players are looking for future opportunities as coaches or content creators related to video games to continue within the world of esports.