How to Make Money Playing League of Legends
League of Legends (LoL) is a strategy game that has been around since 2009, and it remains one of the world’s most popular games and the top eSport in 2020. Unsurprisingly, that means there is a lot of money in the game. But did you know that there are several ways that you can become a paid League of Legends player?
Here we will walk you through all the ways in which you can play for money. This includes becoming a professional LoL player, streaming yourself play live, and betting on pro leagues.
What are you waiting for?
Read this guide and start making money while playing League of Legends!
A great first way to start making money playing League of Legends is to live-stream as you play the title.
While this does require a good level of skill, this is not as essential as if you were to become a professional gamer. Infectious personalities and humor go a long way when it comes to being a successful streamer.
But just how much money can you espect to make?
Until you make yourself heard, you can only earn a little money from broadcasting LoL streams. However, have a breakthrough and you’ll be laughing.
Gamer Tyler ‘Tyler1’ Steinkamp is an example of a League of Legends streaming success. His Twitch.tv channel, Loltyler1, is the second most-watched League of Legends stream with 3.52 million followers, plus another 2.35 million subscribers on YouTube. Based on this following, his net worth is estimated at $1 million.
You too can follow that road to success. To get you started in streaming League of Legends from how to choose a platform and ways to monetize your channel, read our guide on making money as a streamer.
Competing in Tournaments
If you are seriously skilled at League of Legends (or fancy putting in a lot of practice until you are), why not enter LoL tournaments?
There are online contests you can enter by paying an entry fee and if you beat the other players you receive a payout. However, there is not much money in online tournaments – the real money lies in LoL eSports competitions.
Let’s look at Faker as an example.
Lee ‘Faker’ Sang Hyeok is regarded as the best LoL player of all time having won the title of League of Legends World Championship three times. His winnings from 52 competitions total to over $1.25 million. This is on top of his salary of $2.5 million every year.
You won’t become a professional gamer overnight and there are both amateur and professional League of Legends tournaments.
The amateur contests have smaller prize pools than the major events which have millions of dollars up for grabs. However, even these major events have smaller prize pools than rival games (although still substantial by any means) – Riot’s aim is to provide players with a high and sustainable salary rather than one-off winnings.
Here are the main LoL tournaments worldwide:
- Mid-Season Invitational
- World Championship
On top of these main three, there are many smaller tournaments that run each year. As of 2020, there are twelve professional LoL leagues with the League of Legends Championship Series (LCS) as the North American league, held in Los Angeles each year.
Think you have got what it takes? Learn about how to become a professional eSports gamer and start getting paid to play League of Legends.
Betting on eSports
League of Legends is the world’s most popular eSports game to bet on and half of all eSports wagers are on LoL matches.
Therefore, betting on League of Legends eSports tournaments is a great way to make money if you are not super talented at playing. If you are a frequent live-stream watcher, betting on the LoL World Series can spice up your experience too!
Thanks to its huge popularity, virtually all eSports betting sites will cover League of Legends contests. This gives you an exceptional choice when choosing a site. On top of this, you will also find more varied wagers and can shop around for the best odds before putting any money down. This makes LoL arguably the best eSport to bet on in 2020!
Want to give it a go yourself?
Our eSports betting page will give you all the information you need to understand the different types of bets and access to some of the top online betting sites with great promotions and odds!
Becoming a Coach
Another way you can get paid to play League of Legends is by becoming a gaming coach. Yes – video game coaches really are a thing!
With the amount of money in the gaming industry, people are wanting to perfect their playing techniques and learn new skills. More recently, colleges have started offering eSports scholarships. There are now over 200 different US schools paying $15 million out in eSports scholarships each year!
Just as parents would fork out to hire their kids a math tutor, personalized video game coaching is more in demand than ever.
In theory, anyone can become a gaming coach. However, the more qualified you are, the more money you can charge per hour. Top League of Legend coaches are charging over $100 per hour.
Do you have some impressive tips for mastering the LoL Jungle position? Can you give advice on champion abilities? If yes, try your hand at coaching!
Not quite feeling League of Legends?
We also have a guide on how to make money playing DOTA 2. This popular multiplayer online battle arena game is LoL’s main rival and the top paying eSport ever!
MOBA’s not your thing? Take a look at our A-Z of gaming guides for how to make money playing all your other favorite titles.
For even more strategies to monetize your gameplay, head to our homepage – https://www.gametutorials.com
The highest-paid LoL player is Lee ‘Faker’ Sang Hyeok who has won $1.25 million from winning competitions, plus his yearly team salary estimated at $2.5 million.
The average salary a League of Legends Championship Series player gets is $410,000. The prize funds from rankings in tournaments are additional to any players salaries.
In 2020, the League of Legends World Championship has a prize pool of $2.5 million, plus a percentage of revenue from sales of the game. The official prize pool will be announced closer to the tournament’s start date in October 2020.
The best LoL player of all time is Lee ‘Faker’ Sang Hyeok who has taken home the title of League of Legends World Champion three times.
The most popular LoL Twitch streamer is Tyler1 who receives around 29,000 viewers every hour and has 3.52 million Twitch followers.