Luckbox sees spike in eSports betting

With many companies experiencing fluctuating business fortunes during the COVID-19 lockdown, while some have been forced to change plans, others have seen their current business model need to be accelerated.

One such company who have seen their KPI’s grow in recent weeks are Luckbox, an esports betting site that is now preparing to go public on the TSX Venture Exchange (TSXV) after the first half of 2020 has given them an unexpected platform to build quicker.

Esports betting has grown during the COVID-19 lockdown largely due to the postponement of ‘IRL’ sports such as football and tennis. During this period, millions of pounds, dollars and euros would usually have been spent on sporting occasions such as the English Premier League title race, the Wimbledon Championships or international cricket.

Instead, many of the world’s population have taken a sudden and vested interest in esports such as Dota2 or League of Legends. Even FIFA tournaments between Premier League footballers such as James Maddison and Diogo Jota (both men winning the first two ePL Invitational events) have been hugely popular with fans and sportsbettors alike.