Smartphone and online gaming have soared in the last ten years, and nearly 73% of people ages 4 to 20 own at least one video game console. More and more people are spending money and time on their favorite games. Video games have come a long way since Pong was released in 1958. If a purchase or signup is made through one of our Partners’ links, we may receive compensation for the referral. Our number one goal at DollarSprout is to help readers improve their financial lives, and we regularly partner with companies that share that same vision.