There’s no better time than now to turn your gaming skills into cash. From new games that let you earn cryptocurrency and NFTs to tournaments where you can win big cash prizes, the video game world has more ways to make money than ever.

There are five main streams of income for professional gamers: prize money, salaries, sponsorships, streaming and advertising. While some players earn a modest living solely off of competition winnings, others have diversified their income to include commentating, coaching, YouTube videos and tournament hosting.

Money-Making Gaming Tournaments for New Players

For example, the BDG Game app, a professional Age of Empires II and IV player, receives around $15 for every 1,000 views of his YouTube videos. That might not sound like a lot, but he uploads two videos a day and has over 20,000 subscribers.

While there are plenty of legitimate ways to make money playing video games, you must do your research before investing your time or hard-earned cash. Look for reviews in the app store, and don’t fall for flashy advertisements that promise huge payouts or show luxury items won in a tournament. Also, be careful of games that require a buy-in, as you will lose your investment if you don’t place well. Whether you’re looking for a new way to make some extra cash or want to level up your skill, you can find lucrative tournaments to play on the app Money Making Gaming. Just be sure to have a reliable internet connection and a good gaming computer before you start playing for cash!