Video gaming is the largest entertainment category in the world. Yes, you heard that right. In fact, with over $200 billion in customer spending each year, video games generate more revenue than the movie, music, and book industries combined.

Video game use is skewed toward younger people, meaning this dominance should only continue over the next few decades. Some analysts expect the video game industry to hit over $600 billion in annual spending sometime after 2030. That would make it one of the largest industries in the world.

There is a massive tailwind here for investors to take advantage of now. Smart investors will find the highest-quality brands within gaming, buy their stocks, and hold them for many years. This perfectly defines Take-Two Interactive (NASDAQ: TTWO), the one video game stock I would buy in 2024.

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Source Fool.com