The origins of Esports betting trace back to the earliest days of competitive gaming. In 1972, Stanford University hosted what’s considered the first video game tournament—the Intergalactic Spacewar Olympics. The prize was a Rolling Stone magazine subscription, but the event planted the seed for what would become a multibillion-dollar industry.
By the 1990s, the expansion of internet access brought online gaming into the mainstream. LAN parties and early online competitions gave way to organized leagues and professional teams. Events like the Dota Pro Circuit (DPC) helped formalize the competitive ecosystem. As audiences grew, so did the betting interest. Bookmakers began to cover major tournaments, and fans started wagering on matches. With mobile gaming entering the mix, Esports became more accessible, and betting followed suit.