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Newzoo and Mobile Premier League<\/a> (MPL) released a report this week about paid competitive games (PCG). According to the report, this new subsection of mobile games represent a new and growing form of game monetization.<\/p>\n
By the report\u2019s definition, PCGs are skill-based mobile games that offer monetary rewards, and players earn those rewards by participating in PvP contests. It\u2019s separate from play-to-earn games, though both categories reward players with monetary prizes. P2E games tend to reward players with cryptocurrency while PCGs offer real money. PGCs account for 7% of the global consumer spending on games, and Newzoo expects it to rise to 14% by 2024.<\/p>\n
Notably, PCGs are formatted as \u201dskill-based\u201d games to distinguish them from gambling.<\/p>\n
The report shows that PCG players are more engaged than \u201ctraditional\u201d gamers, though it doesn\u2019t specify what platforms they include in their definition \u201ctraditional\u201d gamer. They spend an hour more per week on average playing games. Newzoo also reports that 20-58% of players plan to increase their in-game spending in the next one to three years depending on the market. <\/p>\n
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PCGs are also sticky. While players do churn out of these games for a time (meaning do not play them for at least a month), they usually return within a year.<\/p>\n
Among the reports other findings, MPL says that mobile gaming contributes over 50% to global gaming revenue. The report lists the leading publishers of PCGs \u2014 which includes MPL and companies such as Skillz and DraftKings. <\/p>\n
Newzoo also forecast a dramatic increase in gamers in general, estimating over 3 billion globally by 2024. One source of the increase, it suggests, will be greater access to affordable Android smartphones, predicting the number of global smartphone users will reach 4.8 billion by that same year.<\/p>\n
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\n Rachel Kaser<\/p>\n","protected":false},"excerpt":{"rendered":"
March 24, 2023 3:25 PM Image Credit: Newzoo\/Mobile Premier League Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Register here. Newzoo and Mobile Premier League (MPL) released a report this week about paid competitive games (PCG). According to the report, this new subsection of mobile games represent a<\/p>\n","protected":false},"author":1,"featured_media":621773,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4156,75258,46],"tags":[],"class_list":{"0":"post-621772","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"category-paid","9":"category-technology"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/621772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=621772"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/621772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/621773"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=621772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=621772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=621772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

Event<\/h3>\n\nGamesBeat Summit 2023<\/p>\nJoin the GamesBeat community in Los Angeles this May 22-23. You\u2019ll hear from the brightest minds within the gaming industry to share their updates on the latest developments.<\/p>\n<\/div>\n