For a very long time, parents viewed their children playing video games as a waste of time. However, in the 2010s, gambling has slowly turned into a lucrative business that can be more lucrative if individuals play their cards right. Additionally, various avenues exist as to how one can earn money playing video games, and the number of options keeps growing. What follows is an analysis of several of the currently most popular choices below.
Exchange of digital objects
Massively multiplayer online role-playing games, better known as MMORPGs, did not invent the concept of in-game item trading, but they undoubtedly popularized it. The best example of an MMORPG that has reached a large user base through its object classes is RuneScape. The gold featured in this game can be mined by players, which leads to experience accumulation.
Those who want to cash in on their RuneScape gameplay can sell their gold deposits on sites like RPGStash.com. Brandon Fisherwho goes by the online moniker Moltrinex, is the player who profited the most from his RuneScape exploits, as he managed to sell his accumulated RuneScape gold for $1.57 million.
Streamed game sessions
Anyone who surfed the Internet in 2010 probably remembers Justin.TV. The ancestor of Twitch. It was created in 2007 and allowed anyone to stream live. Unfortunately, in the early years of its existence, it was mostly used by nefarious individuals who illegally streamed sporting events through it. In 2011, its gaming section was rebranded into a new site called Twitch, and the rise of this platform sparked a gaming revolution.
According to Dot Esports, some of the most popular streamers today earn around $1,000 per minute of content. Newbie streamers can generate half after their first year. xQc is a famous streamer with an average daily viewership of up to 50,000 viewers. According to reports, he has generated almost $9 million from his Twitch activities, through referrals and subscriptions. Some people who gamble online have also made tons by streaming their gaming sessions. Roshtein is a prime example. These also attract gamers because highest paying casinos are starting to offer video game-style bonus rounds on slot games that pay out hugely if you complete a specific mission.
Participate in online tournaments
Participating in online tournaments does not necessarily mean playing organized competitions on a desktop computer or console. No. This is reserved for the subtitle under this one. Mobile gaming apps like 21 Blitz and Pool Payday, available for Android and iOS users, offer multiplayer tournaments with cash prizes redeemable through PayPal, ApplePay and other methods. These are dedicated software that offer simple gameplay and small rewards of around $30 to the top finishers in their contests.
Participate in game leagues and live events
In 2021, technology consultancy Activate claimed that over 250 million people watched eSports events globally. Statistics show that the average viewership of eSports competitions now continually exceeds the number of viewers generated by sports leagues such as the NBA and MLB. The games that are mostly featured in high-end eSports competitions are Counter-Strike Global Offensive, League of Legends, Dota 2, and FIFA. While the most watched tournaments are the world championship and the international.
The biggest earner in eSports history is Johan “N0tail” Sundstein with $7.2 million, mostly earned on Dota 2. On average, salaried players earn between $4,000 and $5,000 per month. Referrals are an essential part of this industry and a vital aspect of how professional gamers make money.
Create step-by-step videos
Walkthrough videos are tutorials on how to play a given game. However, some people like to watch them purely for the entertainment value they provide, having no interest in their informative content.
It might sound a little weird, but gamers can earn money by teaching others how to beat specific games and uploading these videos online. FightinCowboy is a YouTube channel with over a million subscribers. He mostly posts walkthrough content, and many of the channel’s videos have over a million views. Using several YouTube analytics tools, its owner rakes in over $100,000 from YouTube ads alone.
Quality assurance is an essential part of every product release. This is especially true these days, where the number of options in each area is vast and everyone is supercritical. Companies operating in the gaming industry are under intense scrutiny from customers as video games have a long line of coming to market while being buggy. Therefore, entities operating in this sector seek to ensure that they can meet deadlines while releasing quality products. They do this by employing video game testers.
Platforms like iGameLab, VMC, UserTesting, Beta Bound, and Beta Family pay up to $15 per hour for game quality assurance specialists.