Singapore Mobile Esports might be the next big thing. However, it meets hurdles from parents, administrators, and authorities. It also means more difficult battles for the gaming and esports industry from here on out.
The Southeast Asia (SEA) region is crucial for mobile esports — especially in Singapore (SG). Last year, SG became the first SEA nation to hold The Internationals 2022. It’s also one of the biggest global esports tournaments, offering US$40 million in prize money.
According to Newzoo, the market research saw the esports industry revenue at US$1.14 billion in 2021. Now, they also projected that it would grow to $1.59 billion in 2023.
What Happens to Singapore Mobile Esports?
Singapore wants a slice of the esports gaming industry. Last May 2022, the 31st SEA Games League of Legends: Wild Rift event in Hanoi saw plenty of achievements. SG players earned second place in the Women’s Tournament and third place in the Men’s tournament.
Although the players received support, some parents reminded them to focus on their studies. However, it shows us the growth of the esports industry — especially for Singapore Mobile Esports. It also became increasingly regarded as a potential career path.
Even more, Singapore is now one of the premiere destination choices for esports tournaments. TODAY also interviewed local esports talents and companies, and they want Singapore to be their tournament destination.
Singapore’s strengths rely on its state-of-the-art technology and business infrastructure. Tournament organizers also want to capitalize on SG’s strengths to help progress the esports industry there.
How Does Singapore’s Esports Industry Work?
It works much like any other conventional sports franchise. Esports athletes compete on professional teams managed by companies. These athletes also earn a basic salary while getting a cut of the prize money and company revenues.
Company revenues include sponsorships and deals that managers seek out. Even more, much like popular teams, streaming video game content is another path for company revenues. The average pay for an esports athlete in Singapore is between S$3000 and S$5000 per month.
The co-founder of Cyberports & Online Gaming Association, Mr. Nicolas Khoo, said something that blew us all away. He said that he knew team managers and top players who earned the same money as a university graduate.
However, the money earned by esports athletes depends wholly on the popularity of the game title. It also depends on how much the company is willing to pay. So, for games with lower popularity, SG esports athletes earn around S$2000 per month.
Dominik Reitmeier, a former player with experience playing for teams in Europe and China, said that SG is still behind. According to Dominik, SG is still far behind in terms of an esports athlete’s salary.
However, Singapore produced players who continuously earn money. Overall, Singapore has room for improvement, but they still improve. If you liked this article, you can read more on our website. You can also follow us on social media to stay updated on the latest esports and gaming news.
