With the growing, massive popularity of video games and eSports, hot new companies, like Enthusiast Gaming Holdings Inc. (TSX:EGLX)(OTCQB: ENGMF), Roblox Corp. (NYSE:RBLX), Unity Software Inc. (NYSE:U), Playtika Holding Corp. (NASDAQ:PLTK), and eSports Technologies Inc. (NASDAQ:EBET) are popping up – and for good reason. After a record setting year for video games and eSports, the NPD Group says gamers just spent another record $5.61 billion in March – an 18% jump from $4.75 billion year over year. Even better, three months into 2021, and video game sales are already up 30% to $14.92 billion from $11.47 billion year over year.
In addition, according to Media Play News, “Main revenue drivers include next-generation game consoles from Sony PlayStation and Microsoft Xbox. But notably, the biggest seller in the month was the Nintendo Switch, which outsold the PS5 and Xbox Series X combined in unit sales. The PS5, however, remains the fastest-selling console in U.S. history in terms of units and dollars. Hardware sales skyrocketed 47% to $680 million from $462.5 million last year.”