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Global Online Games Revenue May Hit $17.8 Billion by 2024

Poorna Shankar Posted:
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News 0

Global revenue for online gaming is set to hit a massive $17.8 billion by 2024, according to a report by Golden Casino News.

Perhaps unsurprisingly, they cite China as the most significant online growth with China generating $4.2 billion of the $16.9 billion generated in 2019,

“The United States was the second-largest online gaming revenue generator in the last year, with a $3.5 billion profit. With $2.8 billion income, Japan took third place on this global online gaming revenue list, followed by South Korea and the United Kingdom.”

It continues, citing that online gamers globally have increased by almost one million gamers in the last three years alone,

“In 2019, there were 829 million players globally, with the average revenue per user of $19.54. According to the recent surveys, user penetration is expected to hit 13.0% by 2024 and result in one billion online game players globally.”


ShankTheTank

Poorna Shankar

A highly opinionated avid PC gamer, Poorna blindly panics with his friends in various multiplayer games, much to the detriment of his team. Constantly questioning industry practices and a passion for technological progress drive his love for the video game industry. He pulls no punches and tells it like he sees it. He runs a podcast, Gaming The Industry, with fellow writer, Joseph Bradford, discussing industry practices and their effects on consumers.