The prize pool for the League of Legends World Championships peaked at 6.45 million U.S. Each year, hundreds of professional tournaments take place around the world and culminate in one major event called the World Championships. Because of its multiplayer format, League of Legends easily transitioned from at-home entertainment to international sport. dollars worldwide in 2020.ĭespite being twelve years old, League of Legends consistently ranks as one of the most popular video games in the United States. Given the success of this revenue model, it comes as no surprise that the annual revenue of League of Legends has exceeded 1.75 billion U.S. League of Legends is a free-to-play multiplayer online battle arena (MOBA) game and its monetization is based on microtransactions via in-game currency called Riot Points, with which players can purchase champions, champion skins, ward skins, summoner icons, and multi-game boosts.
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