Online Chess beats Fortnite with Magnus Carlsen as the New King of eSports

Online Chess beats Fortnite with Magnus Carlsen as the New King of eSports

The pandemic that the world is suffering has led to a curious circumstance. The world chess champion, Magnus Carlsen, has become the world’s highest-earning eSports player in 2020, after the numerous successes that it has reaped electronically. Curiously, from the moment in which the confinements began in most countries, chess began to experience a second youth that is now reflected in the success of the Norwegian great master.

The 30-year-old Norwegian chess player recorded winnings of $ 510,587 (375,795 / 422,559) in Chess24 prizes, as reported by Insidethegames.

To climb to the top spot, Carlsen has benefited from two factors. First, due to the fact that the overall earnings of eSports players dropped significantly due to the fact that and most gambling companies reduced their prize money in response to the global health crisis. Second, and in parallel to this previous circumstance, chess significantly enhanced online tournaments with professionals.

In the ‘top 10’ of eSports earnings, the world champion since 2010 was joined by another grandmaster, the American Hikaru Nakamura, whose earnings amounted to $ 325,000 (239,183 / 268,968) in 2020.

According to an investigation by eSports sportsbook Unikrn, the top 50 players earned 76% less than the previous year, going from 55 million dollars in 2019 to 11 million in 2020. The mean age of the first 50 was 22.7 years with seven teenagers also on the list.

Among the games that allegedly slashed their budget was Fortnite, which offered a cash prize of $ 7.88 million in 2020, compared to $ 71.59 million in 2019.

It should be remembered that in May of last year, Carlsen announced the creation of a new series of online chess tournaments with a total prize pool of 1 million dollars. The competition was named ‘Magnus Carlsen Chess Tour’ and consisted of four super tournaments culminating in a ‘Grand Final’ in August, in which Carlsen beat Nakamura.

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John Bondy
John Bondy is a Market specialist working for Globe Live Media since 2020. He stays up to date with all the recent movements in Market, Finance, and Business field. Usually, the Finance section is covered by Samuel Edwards, but John Bondy is no where behind when it comes to quality finance reports.