Has the E-Sports bumble burst?

I honestly (and sadly) think F1 Esports is a dead horse. Why should a relevant number of people bother to watch it when you can have the same IRL? F1 Esports offers nothing on top of that, that would attract F1 fans to watch it. Its just a copy of a real-live event without anything added. Same cars, same tracks, same rules. But not the same drivers - instead names that 99.99% of F1 fans have never heard of.

It was a welcome interim solution for a short period during Covid when F1 races where cancelled.

That may not be true for other Esports where you can see things that have no correspondence IRL though.

EDIT: even for me it's not attractive, even though in love F1 AND simracing ..... ;-)