How esports can catch up to the NFL and NBA

While traditional sports leagues continue to dominate the U.S. market, esports is impulsively gaining steam. Mario Ho, Co-CEO, Ninjas in Pyjamas, joined TheStreet to debate the way forward for esports and the prospective for global growth.

Full Video Transcript Below:

CONWAY GITTENS: So one stage which is big, of course, is the U. S.. Absolutely you guys have a bigger presence in South The U.S. of a, in Asia and in Europe. So what is it going to absorb an effort to get a bigger stake of what's going on within the U. S.. What is it going to take?

MARIO HO: Now the U.S. esports market or gaming market is huge, specifically with how well the traditional sports market has done here within the U. S.. I mean, you may be looking at NBA, you may be looking at NFL, the monetization of and the valuations of those teams best within the sphere. So of course, we are looking to get in on this market and we already have plans for that.

CONWAY GITTENS: So what does the way forward for esports seem like, now not only within the U. S., but let's start globally.

MARIO HO: OK I feel the way forward for esports, I feel esports will cement its position as sorry, our generations recognized our generation sports. So for people who are born after 1985 to well, the complete childhood in up to the moment times, I feel esports will used to be the major sports from a viewership standpoint. You'd see that the numbers already prove that, for instance. The league final of the CCFPL league in China, which is one amongst, if now not in actuality, I feel which is miles the largest, most watched mobile esports league within the sphere. I feel it had 5 times more viewership than the NBA Finals.

In order that tells you the prospective already as of late. Now within the long-term, I feel monetization of esports is going to catch up, catch up to the NBA teams, the NFL teams, and so will valuations you may perhaps be capable to commence to appear every single week. There are home court games that fill 10,000 arenas, 20,000 arenas, and you may perhaps be capable to have away games that do the same. So the general sports model will likely be fully translated into the e-sports world. Now, I very a lot hope that the Saudi Arabia esports Olympics will do very, okay. Now we have no idea the format yet, but we'll see. I feel so to even have an exceedingly big impact on where esports lands within the long-term.