ESPORTS MARKET DEVELOPMENT AND ITS INVESTMENT ATTRACTIVENESS

1
Lviv Polytechnic National University
2
Lviv Polytechnic National University
3
Lviv Polytechnic National University

Purpose - The purpose of the article is to study esports market, analyse data on esports dynamics in the world and Ukraine and possible investment areas of esports and its investment attractiveness.

Design/methodology/approach –  Conducting the research, general scientific theoretical research methods have been used, namely, analysis, synthesis, systematization, explanation. The method of abstract and logical generalization was applied to study and analyze scientific publications, analytical reports, and legal documents.

Findings. The ways of receiving funds in esports are considered and the scheme of esports market ecosystem is given. The place of Ukraine on the world market of esports is determined. Authors have also analyzed the existing Ukrainian legal and normative framework which regulates esports processes. The sizes and mechanisms of taxation of esports profits, as well as the factors influencing attractiveness of the given market have been considered.

Originality/value – The scientific novelty of the study is that it has been proved that esports market is attractive investment area because it contains many business models, allowing each investor to find short- and long-term projects, which tend to be profitable, and possible investment areas in the esports market have been substantiated.

Practical implications – The investment attractiveness has been analyzed by considering price-earnings ratio for esports companies, as well as investment opportunities for large companies and individuals have been characterized.

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