How much revenue does gaming bring in the US?

Overall video game sales saw a decrease of 5%, even with console sales reaching $6.57 billion in 2022, an 8% year-over-year increase, with more than $1.5 billion spent on consoles in December 2022 alone.

What is the revenue of gaming in the US?

Washington, D.C. – U.S. commercial gaming revenue reached an annual record of $60.4 billion in 2022, according to the American Gaming Association's (AGA) Commercial Gaming Revenue Tracker. This marks the first $60 billion year for the commercial gaming sector, passing the previous record of $53.0 billion set in 2021.

How much revenue does gaming generate?

Video Game Industry Revenue By Device

Mobile devices have a $103.5 billion revenue this year. The Honor of Kings from Tencent is the highest-grossing mobile game worldwide in June 2022, with players spending approximately $238.2 million. Console games to generate $53 billion annual revenue this year.

How much does gaming contribute to the economy?

The gaming industry supports a total economic impact including: $261.4 billion of output (business sales) 1.8 million jobs with $74.0 billion of labor income (wages, salaries, tips, benefits and other labor income) $40.8 billion of federal, state and local taxes, including $10.7 billion of gaming taxes.

How big is the US game industry?

Revenue in the Video Games segment is projected to reach US$89.57bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 7.83%, resulting in a projected market volume of US$121.10bn by 2027.

The Gaming Industry | Start Here

Is gaming one of the biggest industries in the world?

The video game industry has grown from niche to mainstream. As of July 2018, video games generated US$134.9 billion annually in global sales. In the US, the industry earned about $9.5 billion in 2007, $11.7 billion in 2008, and US$25.1 billion in 2010, according to the ESA annual report.

What percentage of the US is gamers?

According to a survey conducted in October 2022, 70 percent of adults in the United States played video games on at least one platform. In comparison, 30 percent of U.S. adults did not play video games at all.

How big of an industry is gaming?

The video game sector is booming – and it's tipped to keep on growing. The expansion is expected to make the global gaming industry worth $321 billion by 2026, according to PwC's Global Entertainment and Media Outlook 2022-26. Global gaming industry revenues are expected to exceed $320 billion by 2026.

How much is the gaming industry worth of dollars?

The global gaming industry is now worth more than $300 Billion. There are 2.9 billion players active worldwide. The Asia Pacific gaming industry reached a revenue of 72.2 billion US dollars.

Is the gaming industry bigger than sports?

The video game industry has grown to be bigger than the sports and movie industry combined, MarketWatch reported Tuesday. The news outlet reported that global video game revenue is expected to increase 20 percent in 2020, making $179.7 billion, according to data from IDC.

Is gaming a billion dollar industry?

In 2022, the video game market size in the United States was estimated to be 97.67 billion U.S. dollars, setting a new all-time industry record.

What gaming has the biggest revenue?

Does gaming make the most money?

By now, if you haven't been living under a rock for the past few decades, you surely know that the video game industry is indeed one of the most lucrative. In 2021 it generated 60.4 billion USD in the United States alone.

How popular is gaming in the US?

According to US gaming statistics, 52% of gamers subscribe to at least one gaming service. That accounts for around 1.61 billion gamers globally. Console gamers (74%) are more likely to subscribe to a gaming service than PC gamers (66%) in the US.

Is gaming bigger than Hollywood?

“Today, gaming is the largest category in the entertainment industry, with revenues that far exceed those of both the film and music industries. This year, the gaming industry is expected to be worth more than $170 billion in global revenues, five times greater than global movie box office revenues.”

Is anime or gaming industry bigger?

Video games are THE largest entertainment industry, larger than movies, music and TV (this included streaming service and anime) combined.

What is the biggest game industry?

#1: Sony Interactive Entertainment

Sony Interactive Entertainment is one of the world's largest video game companies and is based in Tokyo, Japan. The company was founded in 1993 by Ken Kutaragi, who had previously worked for Nintendo.

Is the gaming industry a trillion dollar industry?

Video games are a billion-dollar business and have been for many years.

Is gaming one of the fastest growing industries?

2020 saw the global games market increase 23% year-over-year, the highest growth rate in more than a decade. Globally, the industry is expected to reach $219 billion in 2024, passing the coveted $200-billion threshold in 2023.

What is the most profitable entertainment industry?

Gaming Industry Dominates as the Highest-Grossing Entertainment Industry. The video game industry has been growing at an astonishing rate in recent years, and it's no secret that it's a lucrative business.

Which US state has the most gamers?

The results were clear: Maryland tops the list as the most gaming-obsessed state! Maryland scored highest on all six factors, with a diverse population, plenty of gaming conventions and social networking groups, fast internet speeds, high computer ownership rates and great 5G coverage across the entire state.

Who has the largest gamer population?

Asia is the biggest gaming market, with 1.48 billion players. It should come as no surprise that Asian countries have the most gamers globally. After all, many gaming companies hail from this continent, as does most of the world's population.

Which US city has the most gamers?

1. Seattle, WA. Seattle takes the cake as the number 1 video game city in the United States, which is most likely not too surprising. With the presence of big tech all across the west coast and a company called Microsoft, Seattle comes in at number 1 as far as gamer and development opportunities are concerned.