Games rake in more money than movies, sports combined


More and more people are spending their money on video games, with gaming revenue all over the world estimated to be around $197.7 billion by the end of 2020.

In comparison, the combined revenue that the film and sports industries made in 2019 is only $175 billion, per data from the International Data Corporation as reported by MarketWatch. Their combined revenue is expected to be even lower this year, what with the COVID-19 pandemic causing lockdowns and restricting people into home activities such as video games.

See also: 10 good benefits of playing video games

The launch of the new PlayStation 5 and Xbox Series S|X consoles have been attributed to the rise in gaming revenue this year. However, it’s mobile gaming that’s the fastest-growing in the industry and makes up the biggest rise in revenue. It’s up 25 percent year-on-year with a projection of $87.7 billion, and $56.6 of that comes from Asia and the Pacific region.

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