Bugha Wins Fortnite World Cup, Walks Away With $3 Million Cash Prize

Kyle “Bugha” Giersdorf

The Newest Gamer Millionaire

An American teenager Kyle “Bugha” Giersdorf has emerged victorious, and bagged the $3 million Fortnite World Cup prize money on Sunday, July 28th, in New York.

Bugha toppled competition and won the solo finals portion of
the Fortnite World Cup by scoring 59 points. He managed to score 26 more than
the closest contender Harrison “Psalm” Chang, according to the
Fortnite World Cup Leaderboard.

In an interview
at the event, at Arthur Ashe Stadium in Queens, New York, Bugha expressed
happiness on winning “Words can’t even explain it. I’m just so
happy”, he said. “Everything I’ve done, the grind, it’s all paid off.
It’s just insane.”, he added.

A Successful Event

After a rigorous 10 weeks of open qualifiers that attracted
more than 40 million competitors, the Fortnite World Cup finals was a major
success, and not to mention overflowing with prizes. The 100 qualifiers,
players aged between 12 and 16 years, were competing for a total prize pot of
$30m, the largest ever for an esports event.

Launched in 2017, Fortnite’s popularity has helped Epic
Games reach a US$15 billion valuation last year. So, prize money of this scale has, therefore, become
possible. It shares the market with other games like Apex Legends and
PlayerUnknown’s Battlegrounds.

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Not A Surprising Amount of Cash

The amount may be staggering, but it is not something to be
surprised by. Global revenues from esports are predicted to hit US$1.1 billion
in 2019, which is 27 percent higher than last year. The rapid growth is due to
booming revenues from advertising, sponsorship, and media rights.

Overall, the global video and electronic games market is on
a roll. Even without the revenues from esports, it will still generate a
whopping US$152.1 billion in 2019, a 9.6 percent increase over last year, according
to a report by gaming analytics firm Newzoo.

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