Federal Trade Commission (FTC) and the United Kingdom’s anti-trust authority. However, the deal was blocked by the U.S. (NASDAQ:ATVI) in February 2022 for $69 billion or $95 per share. The company announced the acquisition of Activision Blizzard, Inc. Microsoft Corporation (NASDAQ:MSFT) covers 60% to 70% of the cloud gaming market which has led to monopolization concerns by authorities. In 2022, there were 1.1 billion active PC gamers compared to 611 million console users. PC gamers take the lead with respect to the number of users around the globe. Furthermore, the industry is expected to reach $376.08 billion by 2028, registering a compound annual growth rate (CAGR) of 8.94% between 20. Today, video games remain to be the most profitable industry in the entertainment sector and its market size is estimated to be $245.10 billion in 2023, according to our previous report. However, the first commercial game was launched in 1971 and it sold around 1000 - 1500 units. The idea was revolutionary at the time and was loved by the people at the Brookhaven National Laboratory open house. The game was played through an oscilloscope.
The first ever video game was called Tennis for Two and was launched in 1958 by Physicist William Higinbotham. On top of that, Riyadh Masters’ organizer, Gamers8 has announced their next 2023 event called The Land of Heroes, which is expected to have a prize pool of $45 million, making it the biggest prize pool in the history of e-sports. The game’s currently ongoing tournament, Riyadh Masters (ending June 30) has a prize pool of $15 million while the annual biggest tournament of Dota 2 known as “The International” was able to gather a prize pool of over $40 million in 2021. For example, in the online multiplayer online battle arena (MOBA) game, Dota 2 players make hundreds to millions of dollars through streaming platforms as well as e-sports tournaments. Video games have become a great source of income for developers as well as players. It was believed to be true for video games for a while too, but times have changed. Īddictions are usually considered unhealthy and a waste of time and money. To skip the detailed analysis of the video game industry, you can go directly to the 5 Most Addictive Video Games in the World. In this article, we discuss the 25 most addictive video games in the world.
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