While the European Union enjoys a higher collective population than the United States of America, it has only now managed to rake in more cash thanks to exchange rates.
In 2007 the US pulled $10.7 billion in gaming, where the EU managed $11.4 billion and Asia kept first place with $11.5 billion.
With the US dollar so low to the Euro/Pound it’s no wonder we've picked up pace as we are paying double the rate in price - you need to only look at Rock Band to see how US publishers are taking advantage of the situation.
This comes from the Nielson research report that was conducted on behalf of the, which found a whole number of sub-interesting facts about European gamers or public perception of the industry.
European videogames market size has overtaken the United States
29 May 2008 | By Jamie Davey