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{"id":2973,"date":"2022-10-24T00:00:54","date_gmt":"2022-10-24T00:00:54","guid":{"rendered":"https:\/\/bettingsitesreviewed.co.uk\/?p=2973"},"modified":"2022-10-26T12:40:26","modified_gmt":"2022-10-26T12:40:26","slug":"steam-games-revenue-to-drop-by-1-2b-in-2022","status":"publish","type":"post","link":"https:\/\/bettingsitesreviewed.co.uk\/blog\/2022\/10\/24\/steam-games-revenue-to-drop-by-1-2b-in-2022\/","title":{"rendered":"Steam Games Revenue to Drop by $1.2B in 2022"},"content":{"rendered":"

After growing rapidly in the past two years, the world’s leading PC gaming platform, Steam, is facing a sales and revenue drop.<\/p>\n

According to data presented by Fair Betting Sites<\/a>, Steam’s annual gaming revenue is expected to amount to $8.7bn in 2022, or $1.2bn less than a year ago.<\/p>\n

Headwinds Cutting Down Revenue<\/strong><\/h3>\n

In 2020 and 2021, the world’s largest PC gaming platform grossed $19.7bn from games sales, including platforms sales and microtransactions, according to Statista data. The boost happened due to COVID-19, next-gen consoles’ supply issues, and the record number of new game releases.<\/p>\n

However, 2022 has challenged the entire gaming industry, and Steam is no exception. The recession cutting down consumer spending, game launch delays, availability of gen nine consoles, and the loss of revenue from one of the largest PC gaming markets, Russia, have all caused Steam’s gaming revenue to plunge.<\/p>\n