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William Alfred Higinbotham a.k.a. Willy Higinbotham invented the world's first video game to entertain visitors to the Brookhaven National Laboratory. http://history-computer.com/ModernComputer/thinkers/Higinbotham.html
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Steve Russell, a student at the Massachusetts Institute of Technology (MIT), creates Spacewar, the first interactive computer game. It runs on a Digital PDP-1 mainframe computer. http://venturebeat.com/2011/01/12/fifty-years-later-video-game-pioneer-steve-russell-demos-spacewar-video-interview/
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First video game console was invented by German engineer Ralph Baer and included control paddles and a light gun. http://www.howtogeek.com/trivia/what-was-the-first-video-game-console-called/
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Computer Space becomes first video arcade game ever released. http://www.arcade-museum.com/game_detail.php?game_id=7381
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The earliest known video game competition took place on October 19, 1972 at Stanford University for the game Spacewar. Stanford students were invited to an "Intergalactic spacewar olympics" whose grand prize was a year's subscription for Rolling Stone.
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The first handheld LCD based game console was invented.
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The most popular arcade game of all time came out. http://history1900s.about.com/od/1980s/qt/Pac-Man.htm
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The first 3D video game was made, Monster Maze, by Malcolm Evans.
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The first online video game "Snipes" was made by Superjet software.
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Palmer Luckey invented the Oculus Rift, the first virtual reality headset. http://mashable.com/2014/03/26/oculus-rift-explained/#NiLNeZv1IPkG
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The largest online gaming tournement with a prize pool of almost $20,000,000 started, featuring the game Dota 2