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hbgator
Wed 10 May, 2006

Video games' impact on US economy $18 bln
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The video game industry,<b style="color:#FFA34F"></b> which supported 144,000 full-time jobs and accounted for more than <b style="color:#FFA34F"></b>$8 billion in game sales in 2004,<b style="color:#FFA34F"></b> had an <b style="color:#FFA34F"></b>$18 billion impact on the U.S.<b style="color:#FFA34F"></b> economy that year,<b style="color:#FFA34F"></b> according to a new study to be released on Wednesday.<b style="color:#FFA34F"></b> <b style="color:#FFA34F"></b><b style="color:#FFA34F"></b>
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Estimates call for video game sales to grow to <b style="color:#FFA34F"></b>$15 billion by 2010.<b style="color:#FFA34F"></b> Industry employment is expected to leap nearly 75 percent to 250,000 jobs by 2009.<b style="color:#FFA34F"></b><b style="color:#FFA34F"></b>
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The study,<b style="color:#FFA34F"></b> written by Robert Crandall of the Brookings Institution and J.<b style="color:#FFA34F"></b> Gregory Sidak of the Georgetown University Law Center,<b style="color:#FFA34F"></b> was funded by the Entertainment Software Association and will be discussed at the Electronic Entertainment Expo in Los Angeles.<b style="color:#FFA34F"></b><b style="color:#FFA34F"></b>
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The authors found that direct and indirect contributions of entertainment software to the nation's gross national output,<b style="color:#FFA34F"></b> a measure of the value of goods and services produced in an economy,<b style="color:#FFA34F"></b> exceeded <b style="color:#FFA34F"></b>$18 billion in 2004 <b style="color:#FFA34F"></b>-<b style="color:#FFA34F"></b>-<b style="color:#FFA34F"></b> a figure they said would steadily increase as the industry grows.<b style="color:#FFA34F"></b><b style="color:#FFA34F"></b>
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The North America video game market,<b style="color:#FFA34F"></b> including sales of games and players such as consoles and hand-held devices,<b style="color:#FFA34F"></b> was valued at <b style="color:#FFA34F"></b>$12.6 billion in 2005 and is forecast to expand to <b style="color:#FFA34F"></b>$17.2 billion by 2010,<b style="color:#FFA34F"></b> according to research firm DFC Intelligence.<b style="color:#FFA34F"></b>
