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How Gaming Became a Billion Dollar Industry
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The gaming industry has really rocketed over the past decade.

It is now known to be one of the most successful industries in the world. In America alone it has become a billion dollar industry that just keeps growing. The question is how did it become so huge?

How the gaming industry took off

Gaming has always been a popular pastime. Beginning in the 1960s, video games brought a whole new world of entertainment right into the comfort of our own homes. However, it wasn’t until the 1970s and 1980s that gaming really took off. This is when consoles and desktop computers became popular on the market.

As technology developed, the gaming industry quickly went from a fun pastime to a billion dollar industry. As featured on SK Gaming, amazing graphics and super-fast internet speeds have helped to take gaming to a whole other level. The internet has particularly boosted the sector, especially as it has become a lot more affordable over the past decade.

There have also been a huge amount of online games developed which can be played both instantly on desktop PC, or downloaded onto tablets and Smartphones. In short, it has been developments in technology that have helped to skyrocket the popularity of gaming to make it into the huge industry that it is today.

Mobile gaming predicted the biggest gaming market in 2015

The rise in Smartphone popularity has changed the way games are played in today’s world. Millions of gaming apps have been created which can instantly be downloaded and played anywhere via mobile devices. As featured by Gamesindustry.biz, it is thought that the value of the mobile gaming sector will overtake the value of consoles by the end of 2015.

One particular sector that has seen a huge amount of growth thanks to mobile gaming is online gambling. There are millions of players signed up to online casinos and bingo sites. Offering the chance to win huge cash jackpots as well as the ability to make new friends and play a wide range of exciting games, online casinos offer a variety of competitive promotions to draw in new customers. This has contributed to millions of dollars being added to the US economy.      

Video game industry contributes billions to the US economy

Statistics have shown that the video games industry has actually outperformed the entire US economy by more than four times. It is estimated that the industry is worth a massive $21.5 billion. From 2009 through to 2012, the industry grew by 9%. This is a massive increase in comparison to the US economy which grew by just 2.4% over the same period.

Overall the games sector has seen the largest growth out of any other sector in the US. It continues to develop and provide job security within the industry. It is doubtful that the industry will deteriorate as new advancements in technology continue to boost the gaming experience. 

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