Australia’s Gaming Industry Booms with Tax Relief and Global Recognition
Business 10 days ago
Australia’s video game industry is experiencing unprecedented growth, fueled by federal tax incentives and state-level grants. The Digital Games Tax Offset (DGTO) offers a 30% rebate for developers, making Australia competitive with global hubs like Canada. This has nearly doubled employment since 2021, with revenue surging 85% to $339.1 million in 2023-24.
States like Queensland and Victoria are further incentivizing growth with additional rebates, attracting studios like Gameloft, which expanded its Brisbane team to 217 employees. The revival of classics like Carmen Sandiego showcases Australia’s creative potential. Independent studios are also flourishing, with many relocating to Queensland for better financial support.
Despite challenges, such as backlash over game bugs, the industry’s momentum is undeniable. Experts predict continued expansion as international studios eye Australia for its skilled workforce and favorable policies. The sector’s success underscores its role in both entertainment and economic development.