Billion-Dollar Gaming Boom Amid Coronavirus Pandemic

As the pandemic has more of us turning to video games to ease lock down boredom, research firm NPD Group reported Friday that U.S. consumer spending on video games jumped to a record 10.9 billion in the first quarter of 2020. That’s a 9% spike from last year.

Sales haven’t just soared in the U.S.; Poland-based game developer CD Projekt’s stocks surged by 75% in mid-March. China’s Tencent Holdings also saw it’s online gaming sales spike by 31% in the first quarter.