Video game spending in 2022 has continued to decline. According to a report from NPD Group, spending has dropped 13% in the second quarter of 2022, as compared to the same period of time last year.
Total consumer spending on video gaming in Q2 amounted to $12.35 billion, a drop of $1.71 billion as compared to Q2 2021. Non-mobile subscription spending did increase in this period, but it was the only broad spending category to increase. In fact, decreased mobile spending accounts for much of the decline, according to the report. Spending on mobile games decreased by 12%. In other categories, hardware spending decreased by 1% and accessory spending by 11%.
The report attributes the decline to a broader return to work and other public places as well as an uncertain economic environment. Increased gas prices and general inflation have make budgets tighter. There's also less widespread obstacles of fewer new releases and ongoing hardware shortages. However, even with all these factors, spending is still above pre-pandemic levels.