Video games offer significant benefits to socially isolated gamers. During Covid, they served as a primary means of connection. In 2022, Australians spent $3.8bn on video games, highlighting the industry's growing relevance. The introduction of the digital games tax offset enables developers to claim a 30% refundable income tax offset, fostering growth. Employment in the gaming industry has nearly doubled since 2020-21, reaching 2,465 full-time workers, with revenues hitting $339.1m in 2023-24. Government support is attracting international developers and enhancing local talent development.
According to statistics from the IGEA, Australians invested $3.8bn in video games last year, illustrating the substantial economic contribution of the industry that includes both local and international developers.
The introduction of the digital games tax offset significantly impacted the Australian gaming landscape, attracting both local and international talent while offering financial incentives to developers.
Collection
[
|
...
]