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PC gaming worth $10.7 billion in 2007

Video games continue to rake in the money. Nearly $11 billion in 2007.

The market for video games continues to grow at an unbelievable pace. Asia is dominating the consumption of online video games, responsible for nearly half of the worldwide revenues.

According to a new report from the PC Gaming Alliance, 2007 was a banner year for gaming revenues.

Online PC gaming revenue led the way in 2007 with $4.8 billion, nearly double the worldwide retail sales numbers for PC games.

Digital distribution sales approached $2 billion, while advertising revenues from websites, portals, and in-game ads accounted for $800 million. Both are expected to grow substantially as major developers and publishers begin to adopt formal strategies to take advantage of new online opportunities.

Via VentureBeat