50 usd can be a nice win but it's not life changing at all
Even for people living in poor countries, winning $50 won't be life-changing.
I think that such winnings can be life-changing only when a lucky gambler first wins $50 and then immediately bets that $50 to win a huge jackpot. Sounds unrealistic, but it is theoretically possible.
That is true, not a life changing amount but who's thinking that this amount could change someone's life? Maybe a life changing perspective is what it will bring to the ones who wins it that, if they think that gambling is the way to go for them to have a better life then it will discourage them. It could be spent for a day or two for some needs but that won't be enough to look at the long term impact that it will give to someone financially. I'd be happy to win $50 with my bets especially in esports and that's gonna make me more than happy to be honest.