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The 2020 season introduced a number of changes, including a home-and-away format, where each team would host home games with up to eight teams per homestand event, and the elimination of the stage format. The 2019 season format was similar to that of the previous season, though stage playoffs for the fourth stage were eliminated and the number of matches was decreased to 28, among other changes. An All-Star weekend is also held, featuring two division-based teams selected by league representatives and voted on by fans. The top standing team in both divisions received the top two seed in the playoffs, followed by a fixed number of teams determined from across both divisions.

The post-season playoffs used teams' overall standings across all stages. Teams played 40 matches across the regular season, playing teams both within and outside their division. Each regular season stage lasted five weeks, with each stage ending with a short playoff of the top teams based on that stage's records to determine stage champions. The 2018 season consisted of non-regulation pre-season play, a regular season divided into four stages, and a post-season playoffs tournament to determine the championship team for the season. The East had eight teams, while the West had twelve. The league featured twenty teams split between two conferences based on their location: East and West.

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The Overwatch League played out similar to most North American professional sports leagues, in which all teams played scheduled games against other teams to vie for position in the season's playoffs, rather than the approach of team promotion and relegation more commonly used in other esports leagues. The Overwatch League was owned by Blizzard Entertainment and run by Major League Gaming, which is also owned by Blizzard's parent company Activision Blizzard.

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By November 2023, Blizzard had announced that Overwatch esports was 'transitioning' from the Overwatch League into a more traditional esports structure for the title, which would become the Overwatch Champions Series (OWCS) in 2024.

In January 2023, Overwatch League teams collectively initiated a collective bargaining process, which resulted in the Overwatch League agreeing to waive all outstanding franchise fees. As a result, the league allowed Overwatch Contenders teams to compete in its Eastern Region for the following season, and the league saw its first team leave, as the Chengdu Hunters dissolved. In November 2022, a broken partnership with NetEase and Blizzard resulted in Overwatch 2 being banned in China. During the 2021 season, in the wake of a lawsuit filed against Activision Blizzard, nearly all of the league's sponsors withdrew their support from the league. However, some team owners noted that not having live events allowed them to mitigate financial losses that they would have otherwise incurred. While the suspension of in-person events provided a temporary solution, it also raised concerns about its financial viability. In 2020, the outbreak of the COVID-19 pandemic led to widespread disruptions and forced the league abandon its original homestand model and shift to an online format, where teams competed remotely from their respective regions. For the following season, the Overwatch League brought in eight new franchises, each investing between $35 million to $60 million. The league faced skeptics who questioned its potential success due to the lack of a proven concept and a game without a substantial esports history. The Overwatch League was announced in 2016 and secured commitments from 12 teams across the United States, Europe, and Asia, each investing $20 million in franchise fees, to participate in its 2018 inaugural season. The league used the regular season and playoffs format rather than promotion and relegation used commonly in other esports and non-North American leagues, with players on the roster being assured a minimum annual salary, benefits, and a portion of winnings and revenue-sharing based on team performance. From 2018 to 2023, the Overwatch League followed the model of other traditional North American professional sporting leagues by using a set of permanent, city-based teams backed by separate ownership groups. The Overwatch League ( OWL) was a professional esports league for the video game Overwatch, produced by its developer, Blizzard Entertainment.