A few years ago, the idea of someone making a living playing video games was thought to be nothing more than a pipe dream. But with esports (or competitive video gaming) having grown into a multi-billion dollar industry, there are now more ways than ever to make money from your game skillset. Get Started with OKWin Game

The top players can earn a living from sponsorships, live-streaming, and even creating YouTube gaming videos. However, the most coveted form of gaming income comes from entering and competing in tournaments where cash prizes are awarded. The prize money that is given out in these competitions can be used to cover your expenses or help build your stream of income.

How Streamers Monetize Tournament Play for Extra Income

While there are a few exceptions, most tournaments will require you to pay an entry fee to participate. These fees can be paid with a number of different methods, including online currency or prepaid credit cards. Typically, the higher the stakes in a tournament, the more money you can win.

In addition to winning cash, gamers can also receive donations from fans who are watching them compete in the tournament. This is a common practice in the gaming community and is similar to the way that professional sports commentators are able to earn money from their audiences.

The 2019 Fortnite World Cup showed an entire generation that there is serious money to be made from competitive video gaming. While it may take a lot of time, effort, and commitment to become a competitive video gaming pro, the potential for making money from your skill set is greater now than it has ever been before.