Newzoo and the Mobile Premier League (MPL) have released a report on paid competitive games. PCGs (Paid Competitive Games) are games where people can earn real money by competing against others. They are also called skill-based games.
PCG players spend more time than regular players (4.6 to 6.2 hours per week versus 3.5 to 5.3 hours per week). They also have more games installed (6 – 7.6 games vs. 4.4 – 6.1 for regular players).
Side note: PC and console gaming report 2023
The average annual growth rate from 2021 to 2024 will be 31.9%. This is 6 times higher than traditional gaming (average annual growth rate of 4.9% over the same period). The US, India, Mexico, the UK, and Germany are the main markets for these games.
- The U.S. is the largest market for this trend. In 2021, its volume was estimated at $3 billion. By 2024 it is projected to grow to $6.6 billion.
- India will be in second place with a market size of $3.5 billion by 2024.
Players plan to increase their spending on this type of entertainment. India has 58%, and the U.S. and Brazil 51%.