Loot boxes Could Generate $20 Billion by 2025 - News
by William D'Angelo , posted on 10 March 2021 / 1,454 Views
The amount of revenue generated from loot boxes is expected to grow to $20.3 billion by 2025, according to a new report by Juniper Research found. This is up from an estimated $15 billion in 2020.
The report says that over 230 million, or about five percent, are expected to purchase loot boxes in 2025. Mobile gaming is expected to account for the majority of loot box purchases.
"Loot boxes in their traditional form are often considered exploitative; leading to increased legislative scrutiny," said research co-author Nick Hunt. "We expect to see game publishers react to this in future by changing loot box formats, in order to keep them compelling and outside the legal realms of gambling."
Juniper Research says that legislation restricting loot boxes will become more commonplace as they could be classified as a form of gambling or outright banned. This has lead publishers to create new ways of using loot boxes by using "transparent" loot boxes or changing how they are purchased, as a way to bypass legislation.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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It seems that most video game innovations these days revolve around finding new ways for companies to stick their greasy hands in your wallet.
They really need an award for the corporate lawyers to appreciate their role in the industry. /s
Dont blame the companies when millions of gamers buy loot boxes.
Sounds like we will soon start from square one again...
Oooooooh so they agree that loot boxes are gambling then? Now if only the gaming landscape would recognize that!!!
A fool and his money are easily parted.
When you're proud to not even be a single penny in that number to drive disinterest, but everyone else is just throwing money away to counter that, feels bad man.
"Generate"
It's weird... It's like gambling is designed to take advantage of weak willed people. Loot boxes are terrible.
Damnit I hate microtransactions
Greaaat. ?
Essay Pro