Gaming sales show no signs of slowing. In fact, in the second quarter of the year, U.S. video game spending jumped 2% to $14 billion year over year. In addition, according to Gamespot.com, “According to the NPD Group, overall consumer spending on video games for April to June 2021 totaled $14 billion, a small increase over last year’s massive numbers, which were boosted by the pandemic.” That’s substantial news for companies such as Enthusiast Gaming Holdings Inc. (TSX:EGLX)(NASDAQ:EGLX), Facebook Inc. (NASDAQ:FB), Amazon.com Inc. (NASDAQ:AMZN), Roblox Corp. (NYSE:RBLX), and Penn National Gaming Inc. (NASDAQ:PENN).
“Despite changing pandemic conditions across the country, video games spending remained strong in the second quarter of 2021,” said Mat Piscatella, games industry analyst at The NPD Group, as also quoted by Gamespot.com. “A year ago, in the second quarter of 2020, consumer spending on video games increased a remarkable 47% compared to the same period in 2019. Consumer spending has not only maintained the elevated levels reached a year ago but exceeded them in key areas such as hardware, mobile, and subscription spending.”