Esports enthusiasts and occasional viewers numbered nearly 400 million in 2017, according to market research firm Newzoo, which projects the total audience will be close to 590 million worldwide by 2020. With annual revenue that Newzoo reports is near $1 billion, owners of traditional sports franchises, like the New England Patriots’ Robert Kraft and the New York Mets’ Jeff Wilpon, are buying in. In 2016, Monumental Sports and Entertainment purchased a controlling interest in Team Liquid, which won $11 million at the International Dota 2 championships in Seattle.
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