Valorant Champions 2023 Bundle Generates $20 Million in Team Revenue

Riot's recent announcement reveals that the Valorant Champions 2023 event has proven to be a lucrative venture for the participating teams, collectively amassing over $20 million in revenue from the sale of the highly acclaimed Champions bundle.

Credit: Riot Games

Introduced to the Valorant store on August 4, the 2023 Champions Bundle has garnered widespread approval from the game's community. Priced at 6,265 VP, approximately equivalent to $60 USD, the bundle boasts two distinct skins featuring unique effects, along with three additional items.

Riot Games reports that these bundle sales have already translated into a remarkable $20 million windfall for the 16 teams in contention. Under this arrangement, the participating teams are entitled to fifty percent of the earnings. This results in each team amassing a noteworthy $1.25 million in revenue, surpassing the tournament's first-place prize of $1 million.

Valorant champions skin bundle
Credit: Riot Games

With a week remaining before the bundle is removed from the store, this achievement stands as an unprecedented milestone for a Champions skin bundle. In the previous year, the participating teams collectively earned more than $16 million, marking a substantial 70 percent rise from the reported figure of $9.36 million in the prior year.

As Valorant Champions 2023 progresses to its climactic conclusion at the Kia Forum, only Paper Rex, Evil Geniuses, Fnatic, and LOUD remain in the race for the coveted trophy.

Against the backdrop of the esports industry's "esports winter," the Champions bundle retains its significance as a crucial revenue stream for Valorant teams. The bundle will remain accessible for purchase until August 29, potentially yielding an even higher final revenue count.

Valorant

Valorant

Valorant is a free-to-play first-person shooter game developed and published by Riot Games. Released in 2020, the game features tactical, team-based gameplay, where players control agents with unique abilities and engage in objective-based matches. Valorant combines elements of traditional FPS games with character-based abilities, offering a strategic and dynamic experience. The game includes various modes, such as competitive, unrated, and special events, providing diverse gameplay options. Valorant emphasizes precision, strategy, and teamwork, appealing to both casual players and competitive esports enthusiasts.

Genres
First-Person Shooter (FPS)
Platform(s)
PC
Release Date
Jun 2, 2020
Price
Free
Developer(s)
Riot Games
Publisher(s)
Riot Games
ESRB Rating
T