Tags: Polls | gamers | microsoft | mobile | tencent

$17.7 Billion Spent on Video Games in US

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Friday, 25 August 2017 09:37 AM Current | Bio | Archive

Once thought of as a fringe activity, video gaming has become a huge business, generating $17.7 billion of sales in the U.S. alone during 2016.[1] Worldwide, industry revenue topped $75 billion.

Tencent, a Chinese entertainment company, was the largest beneficiary of all this spending with $10.2 billion in sales. Tencent also owns Chinese QQ instant messenger and WeChat services. Sony Computer Entertainment came in second with $7.8 billion in sales, while Microsoft added $6.5 billion.[2]

Nearly half (49 percent) of all American consumers have played a video game.[1]

And, as in just about every other area of life, the digital revolution is changing the way they play. Statista reports that "in 2009, 80 percent of video games sold were physical copies and 20 percent were digital." But now, most are digital. And there is a rapidly growing market of mobile gamers.[1]

Footnotes:

  1. Statista, "Gaming - Statistics & Facts," accessed August 24, 2017
  2. Statista, "Gaming revenue of leading public companies worldwide in 2014 and 2016 (in billion U.S. dollars)," accessed August 24, 2017

Scott Rasmussen’s Number of the Day is published by Ballotpedia. Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology.

Scott Rasmussen is a Senior Fellow for the Study of Self-Governance at the King’s College in New York and an Editor-At-Large for Ballotpedia, the Encyclopedia of American Politics. His most recent book, "Politics Has Failed: America Will Not," was published by the Sutherland Institute in May.To read more of his reports — Click Here Now.

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Nearly half of all American consumers have played a video game. And, as in just about every other area of life, the digital revolution is changing the way they play.
gamers, microsoft, mobile, tencent
265
2017-37-25
Friday, 25 August 2017 09:37 AM
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