Purpose & Benefits
- Provides users with a virtual gaming community that allows people to compete against others for cash prizes.
- Allows players to participate in several different types of video games via gaming console or PC locally or internationally.
- Features multiple tiers with different buy-in fees and minimum bets to accommodate players who want to play at different levels.
- Ensures all competitions are played fairly and payouts are leveraged once the games are finished.
Problems Solved
People who enjoy playing video games may enjoy competing against others like friends and family, or even other players online. Skilled players may want to leverage their skills against others to make money. Players need a fair and equal platform to place bets, compete against others, and ensure fair payouts when victory is achieved.
Detailed Description & Features
Grand City Gaming is a video game website that functions as an esports platform. The platform allows video game players to sign up for their favorite competitive video games to compete for cash prizes. The invention essentially provides gamers with a competitive and fun way to generate income while playing their favorite video games. The platform includes a scheduling system, prize distribution and payment processing, and tracking of spending, statistics, and analytics. Community building features encourage real-time interaction, feedback, polls, and rewards to enhance viewer engagement.
Players can be categorized into five tier levels based on their bet amount, which determines the buy-in fee. Tier 1 requires a $100 buy in fee with a minimum bet between $100 and $1000. Tier 2 requires a $200 buy in fee with a minimum bet between $200 and $5000. Tier 3 requires a $300 buy in fee with a minimum bet between $600 and $9000. Tier 4 requires a $400 buy in fee with a minimum bet between $10000 and $20000. Tier 5 requires a $500 buy in fee with a minimum bet between $25000 and $50000.
Key statistics indicate that the global gaming market was valued at USD 249.55 billion in 2022 and is projected to reach USD 665.77 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 13.1% from 2023 to 2030. We anticipate that our invention will capture a substantial share of this market, leading to potential valuations in the billions.
Grand City Gaming is specifically designed for a controlled, home-like environment, which safeguards it from external economic influences. The surge in video game console and video game sales during the COVID-19 pandemic reinforces this notion. Grand City Gaming offers a recession-proof and pandemic-proof innovation, enabling gamers to engage remotely with opportunities for earning money.
The increase in video games and console sales during COVID-19 lockdowns highlighted the importance of entertainment and social connections through multiplayer gaming. This means that Grand City Gaming will not dim its light during a global shutdown or a recession. Making Grand City Gaming a product of long-term significant value. We acknowledge that challenges may arise during the development phase, such as obtaining permissions from the State Gaming Commissioner and implementing measures to restrict participation for individuals under the age of 21. To address these concerns, Grand City Gaming plans to develop a software program that is compatible with purchased gaming consoles.
While our intention is to create impactful products and events that enhance the gaming and esports experience, we recognize that certain external factors—such as natural disasters—may be beyond our control. In the event of an unforeseen circumstance necessitating the cancellation of a GCG Convention & Festival, we will reschedule to a later date and communicate all relevant updates to our contributors, customers, and fans via U.S. mail, email, and/or telephone.
We remain committed to proactively addressing any challenges that arise during the development phase for Grand City Gaming, with innovative solutions and consistent maintenance of the product, this helps ensure ongoing progress, with updates on Grand City Gaming being disseminated through our social media channels and websites.
Exact specifications may vary upon further development.
Image Info
- FIGURES 1-5 Show custom logos created for the website.
Contact Us
Inquiries by phone: 1-866-844-6512
