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Video Game Spending Hit Record for August, Boosted by Consoles

China Game Stocks in U.S. Fall on Beijing’s Latest Crackdown
Photographer: Simon Dawson/Bloomberg

Consumer spending on video game hardware, content and accessories hit a record high for the month of August, assuaging concerns that the pandemic boost in gaming would wane with economic re-openings. 

Total spending rose 7% last month compared with a year ago to $4.4 billion, according to data from NPD Group released Tuesday. So far this year, spending has increased 13% to $37.9 billion compared with the same period a year earlier.