The Revenue of the Video Game Market in the US
The revenue of the video game market in the US is estimated to be $97.67 billion in 2022, setting a new all-time industry record, with total US gaming revenue expected to exceed $100 billion for the first time when tribal gaming revenue is reported. The video game industry is a significant contributor to the US economy, with video game content generating $47.48 billion of revenue in 2022, a 6.6% decrease from $50.83 billion of revenue in 2021.
Frequently Asked Questions
1. What is the revenue of gaming in the US?
The total US gaming revenue in 2022 will likely exceed $100 billion for the first time when tribal gaming revenue is reported by the National Indian Gaming Commission later this year.
2. What is the revenue of the video game market?
Video game industry revenue by year shows that video game content generated $47.48 billion of revenue in 2022, a 6.6% decrease from $50.83 billion of revenue in 2021.
3. How much is the US gaming market worth?
Revenue in the Video Games market is projected to reach US$96.68bn in 2023, with an expected annual growth rate of 9.44% from 2023 to 2027, resulting in a projected market volume of US$138.70bn by 2027.
4. How big of a market is the video game industry?
The global video game market size was estimated at USD 217.06 billion in 2022 and is expected to reach USD 242.39 billion in 2023, with the global video game market expected to grow at a compound annual growth rate of 13.4% from 2023 to 2030 to reach USD 583.69 billion by 2030.
5. What is the video game market growth?
The global video game market is expected to grow at a compound annual growth rate of 13.4% from 2023 to 2030 to reach USD 583.69 billion by 2030, driven by increasing demand for online gaming and mobile gaming.
6. How big is the video game market in USA?
The market size, measured by revenue, of the Video Games industry was $97.7bn in 2022, with the US being one of the leading gaming markets in terms of revenue.
7. What was the growth rate of the Video Games industry in the US in 2022?
The market size of the Video Games industry declined by -14.9% in 2022, due to various factors such as increased competition and changing consumer preferences.
8. Is the gaming industry bigger than the movie industry?
The gaming industry is making more than three times as much money as the music industry and almost four times as much as the movie industry, with the global video game market size exceeding USD 217.06 billion in 2022.
9. What is the largest gaming market in the world?
As of 2022, the United States ranks first among the biggest gaming markets worldwide, with a revenue of 54.9 billion U.S. dollars, followed by China with an approximate 44 billion U.S. dollars in annual revenues.
10. Who leads the video game industry?
Tencent ranks as the top gaming company in terms of revenues worldwide, with annual online gaming revenue amounting to 170.7 billion yuan in 2022, followed by other major gaming companies such as Sony and Microsoft.
11. What is the largest gaming company in the US?
Activision Blizzard is the largest and one of the best game development companies in the USA, with offices in several countries, including the United States, and is responsible for iconic franchises such as Call of Duty, Destiny, Overwatch, and World of Warcraft.
12. What is the highest selling video game revenue?
The highest-grossing video game of all time is Dungeon Fighter Online, a beat ’em up that has grossed $22 billion worldwide, mostly in Asia, as of 2023, surpassing the records held by Pac-Man and Space Invaders.
13. What is the revenue of big time gaming?
In 2020, Big Time Gaming generated revenue amounting to €33m with an EBITDA of €29m, with the company strengthening its strategic position as a leading provider of digital casino games.
14. What percentage of video games make profit?
According to the Electronic Entertainment Design and Research institute, just 4 percent of games that go into production will turn a profit, and only 20 percent of titles that make it to store shelves will achieve profitability.
15. Is gaming a profitable industry?
The gaming industry is indeed a profitable one, with every day more and more users downloading games, and the mobile games can be played for a mere 5 minutes or can be played for hours as hardcore gaming, driving the growth of the global video game market.