In 2017, the video game industry hit $108.4 billion in worldwide revenue. And though free-to-play titles and mobile games did most of the driving, eSports is expected to make $1 billion this year. In the overall financials of the industry, eSports is a blip, but its continued growth means that big publishers like Activision, Electronic Arts and Riot Games are paying more attention.
If you’ve dreamed of playing video games for a living, becoming a pro gamer could be your golden ticket. Here’s what it takes to make millions or maybe one day win an Olympic gold medal off your hobby.
Click through to learn about how you can boost your income with video games.
Stream on Twitch
You don’t need to be on the world-famous team SK Telecom T1 to make money online gaming. Being a famous gamer can be as simple as playing games and streaming live on video platforms like Twitch. There, fans can interact with you as you play and pay to watch you show off your video games skills. Of course, it helps if you’re actually good at the game, and can talk strategy and character builds.
On Twitch, streamers with a few thousand followers and five-figure views earn an average of $3,000 to $5,000 per month playing 40 hours per week — and that’s just off subscriptions. And the pay can get even higher. For example, Twitch user and “Fortnite” mega gamer Tyler “Ninja” Blevins has more than 100,000 followers and is making at least $350,000 a month on Twitch, according to Forbes.
Stream on YouTube
If you’re not familiar with Twitch, YouTube is another viable option to earn big bucks streaming gaming content. In 2016 gamer PewDiePie, whose real name is Felix Kjellberg, was YouTube’s biggest star and highest-paid personality on the social platform. PewDiePie made a cool $15 million thanks to his 50 million subscribers at the time. And although the Swedish streamer and gamer recently sparked controversy with racist videos, he still managed to pocket $12 million last year.
Whether it’s Twitch or YouTube, you need subscribers to be successful. An estimated 666 million people “tuned in to gaming video content made by fans and publishers” with that number expected to rise to 740 million by 2019, according to a report from Statista. And in order to get this gaming fix, people are willing to pay money to get the inside scoop on their favorite games.
For example, Twitch users will pay an average of $4.99 per month to their favorite streamers.
Become a Professional Gamer
Of course, if you think you’ve got the chops to become a pro gamer on the international scene, that’s another way to make money gaming.
Internationally popular eSports favorites include “League of Legends,” “Counter-Strike: Global Offensive” and “Dota 2.” Choose a title you love and start practicing. You’ll need to put in hundreds or thousands of hours into the game before you’ll be skilled enough to enter local tournaments. Reach out to local gaming communities online and start with smaller tournaments. “League of Legends,” for example, hosts a uLoL Campus Series for collegiate teams in the U.S. and Canada.
Get the Best Gaming Equipment
Like most other careers, you’ll face some upfront costs, but it’s worth it if it makes you more money in the end. A high-end gaming PC, for example, can easily cost you well over $1,000. And don’t forget the monthly cost of high-speed internet. A proper desk setup can also cost you a lot of money but save you from the negative health effects of gaming all day, like carpal tunnel, which can end your career in a snap. Proper setup is so important to gaming that gamer PewDiePie created a gaming chair currently selling for nearly $400.
Assemble or Join a Pro Team
Don’t expect to make much money in the beginning. Once you’re on a professional eSports team, though, you’ll start to make decent wages.
Some higher-profile leagues have begun instituting salaries to supplement tournament winnings. For instance, The League of Legends Championship Series institutes a minimum annual salary of $75,000 per player. Team SoloMid’s “CS:GO” team have earned more than $2 million from competing in 348 tournaments. If that doesn’t sound like much, don’t forget about added earnings for high performance and sponsorships.
Although many people flock to Twitch and other platforms for live streams of gaming content, you can also make some cash by writing or uploading video game guides. You can also create an eBook that reads as a walkthrough or explainer of a specific game which you could sell for $15 or more per purchase.
Compete in Gaming Events
When you’re just starting out as a pro gamer, you’ll make a little bit of money off tournaments. Non-pro game battles hosted by Major League Gaming reward about $200 to $700 to the top players. In the big leagues, turnout, visibility and popularity vary widely, which means payouts for pro gaming tournaments do, too.
On the current scene, it’s not uncommon for individual winnings to hit six figures. As of 2017, gamer UNiVeRsE, whose real name is Saahil Arora, has won more than $2 million from 67 tournaments and is the highest earning gamer in history, according to Statista.
Pick Up Endorsement Deals
In the gaming scene, sponsorships are an important money-maker. Like athletic sponsorships, you can land endorsements in one of two ways. You either reach out to your favorite brands to express interest and provide proof that you have high visibility in the gaming community — such as on Twitch — or you get approached by a sponsor.
In either case, you’ll most commonly be given gear to use in public competitions, like a new gaming mouse or Bluetooth headset, though you might also have your expenses paid to attend gaming events or competitions. Though these types of deals won’t put money in your pocket, they do help offset your out-of-pocket costs.
Become a Coach
Even professional gamers need coaches. As a coach, you can make money helping players train, strategize, manage endorsements, and book events and tournaments.
In 2015, an assistant coach for Team Liquid of “League of Legends” fame revealed that he made an annual paycheck in the mid-$30,000s, plus health insurance and performance bonuses. Of course, the total amount earned can vary depending on how well the team performs and what game they’re playing.
And if you’re wondering, yes, coaches do share in the payouts when their teams win big. That’s why coaches of some of the best teams manage to earn $120,000 yearly.
Click through to see more ways to make more money online.
Taylor Bell contributed to the reporting for this article.
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About the Author
Dan is an honors graduate of western Kentucky’s Murray State University and has been a freelance writer and full-time creative since 2009, in addition to co-founding and co-owning two active media production businesses – one for the west coast in Los Angeles, California, and one for the east in Cincinnati, Ohio. As an independent creative professional with a scroll-like resume of both blue collar and white collar experience and a longtime business writer, Dan has been fortunate enough to publish with the likes of Chron.com, Fortune, The Motley Fool, Career Trends, Bizfluent, MSN Money, Legal Beagle, San Francisco Chronicle’s SFGate, USA Today, Builder’s Capital, Salon.com and Zacks.com, among others. He’s also offered his words to such diverse brands as ASUS, Kellog’s, Discover, Sony Pictures, Samsung, Linksys, LIVESTRONG, Office Depot, Canon Inc., Caesar’s Entertainment Corporation and Verizon, as well as frequently writing in the fields of entertainment, travel, fitness, lifestyle and fashion.