Jeremy “Disguised Toast” Wang shared a candid perspective on the “terrible"eSportsbusiness that’s on course to lose him a million dollars in less than a year. His insight into the troubled industry arrived mere weeks after an unprecedentedplayer strike caused Riot to delay the 2023 League of Legends Championship Series(LCS).
Disguised Toast rose to prominence in 2015 with informativeHearthstoneYouTube videos which he originally narrated while wearing a mask shaped like a toast with a pair of sunglasses and a fake mustache. He promptly branched into streaming and competitive play, all the while diversifying his content to include a wider array of games. In January 2023, the variety streamer founded his first eSports team DSG, withthat Disguised Toast venture subsequently revealing an all-femaleValorantteam roster. Four months later, Wang also decided to buy aLeague of Legendsteam with the goal of competing in the North American Challengers League (NACL).
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And while the combined overhead of his teams promptly reached $1 million, Disguised Toast has yet to make any money on his foray into eSports. That’s not likely to change for the time being, not least because DSG’s firstValorantroster has already been disbanded in May following 11 consecutive losses. Additionally, Riot’s recent decision to stop mandating pro LCS organizations to field NACL teams threatens the future of theLoLleague that DSG is eyeing. In a recent YouTube video recapping these challenges, Disguised Toast labeledeSportsas “one of the worst” industries to invest in.
A number of recent developments in the gaming industry appear to be reflective of the eSports bubble that Disguised Toast described in his latest video; weeks before Riot’s controversial decision to effectively defund the NACL,Blizzard confirmed it doesn’t intend to supportDiablo 4eSports events.
