In his first study, Quantum Tech Partners, a financial transaction gaming-focused consulting firm, said that the sports industry spent $1 billion in 2019.
The firm is founded by M&A consultancy Jim Perkins and Alina Soltys. The company is also much more optimistic on the forecast for esportation sales since it anticipates that market profits should hit $4 billion in 2022, far more than Goldman Sachs forecasts of $2.96 billion and Newzoo’s predictions of $1.79 billion.
In the meantime, M&A in 2019 exceeded $475 million, distributed over 33 acquisitions. Quantum Tech Partners reported that 13 of these deals included the purchase of esportive teams.