According to a new Data.ai report, the gaming market will reach $222 billion this year, with the mobile making up more than half of its revenues.
The major part of the total revenue was delivered by mobile games.
The publisher will use the capital to grow its game portfolio and expand the team.
Gaming giant Take-Two has completed its $12.7 billion acquisition of Zynga, a game developer best known for its mobile online games like FarmVille and Words With Friends.
EA has reportedly had acquisition talks with "a number of different potential suitors" including Disney, Apple, and Amazon, and most recently NBCUniversal.
Hyper-casual was also the most downloaded genre during the past year.
An Arizona resident has filed a lawsuit over Hearthstone card packs claiming that Blizzard is using misleading tactics to force minors to "pay real-world currency to gamble on winning in-game items".
The company released the financial results for Q4 and the full fiscal year 2022 reporting growth in net sales and operating profit, although it recorded an expected decline in the gaming sector.
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