New York City has a lot of reasons to give thanks to the video game industry

New York City has a lot of reasons to give thanks to the video game industry

The video game industry is reportedly worth $2 billion to the New York City economy

With a special date like Thanksgiving approaching, New York City should take the opportunity to give thanks for the strong economy that such a relevant industry as video games has brought to the city. According to a report shared earlier this week, the video game industry has not only brought days of entertainment to the residents of the Big Apple but has also generated some pretty staggering economic contributions.

Titled the “2021 NYC Digital Games Industry Economic Impact Study,” the Mayor’s Office of Media and Entertainment (MOME) has made it clear that the digital games industry as a whole has been able to create a total of $2 billion in economic heat, not to mention the implementation of more than 7,500 jobs totaling salaries in excess of $760 million.

“We are proud to present this first-of-its-kind study, which highlights the role that the emerging digital games industry plays in our city’s economy,” MOME Commissioner Anne del Castillo said. “The results affirm the need for the city to promote this growing industry that lives at the intersection of technology, art, small business, and education.”

As indicated by MOME, video gaming has a long-standing history in the five boroughs, with arcade tournaments dating back to the 1970s. The industry subsequently began to be overseen by this entity in 2018. According to reports that have been generated since 2008, it has been noted that jobs in the industry have tripled, and currently pay about $13,000 more than the city’s average salary of $93,000.

As if that weren’t enough, the tourism attracted at recent annual eSports and digital gaming events in the five boroughs has resulted in contributions of about $4 million, according to the city. Figures like these have combined with other sectors of the gaming industry for the city to see extravagant monetary contributions.

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