Competitive video games have been on a steady rise in popularity following the covid-19 pandemic as people around the world stayed inside and found various means of entertainment. With the growing popularity of esports, the International Olympic Committee has announced that it intends to consider the possibility of competitive video games becoming a part of the Olympics Games for the years to come.
With the Tokyo Olympics just around the corner, this year the Olympics will have a virtual esports event that will run from May 13 to June 23. While this event will not be an official part of the Olympic games it will act as a test run to gauge the popularity of esports in future Olympic Games. However, with an increase in Covid-19 cases throughout Japan, the esports event that was supposed to take place before the Olympic games may be delayed along with the regular Olympic Games. Other organizations have already decided to implement esports as a recognized competitive sport as the Asian Games, also known as Asiad, has chosen to make esports a full medal event in their 2022 games.
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The industry of competitive gaming is expected to grow as the total revenue from the industry is expected to pass $1 billion by the end of 2021 which is a 15% increase from the previous year.