Video game tournaments have come a long way from teenagers crowding around televisions in college dormitories. Today, enthusiasts pack the world’s most popular stadiums, such as Madison Square Garden, to watch professional gamers compete for millions of dollars in prize money. In 2022, Forbes reported that the top ten most valuable eSports companies were worth a combined $3.5 billion and the industry’s total global revenue that year is estimated to be $1.3 billion.

Insurance companies have begun to take an interest in this burgeoning industry by targeting eSports teams and gaming companies in marketing materials for “eSports insurance.” However, as evidenced by ever-shifting cyber insurance policy language, there are rarely uniform policy forms issued by the insurance industry for emerging risks. Often times, early “industry-specific” offerings simply repackage existing insurance products that are insufficiently tailored to protect against the risks these businesses face.

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