Grand Theft Auto 5 for PS5 screenSource: Sony (screenshot)

What you need to know

  • Grand Theft Auto V will be available on next-generation consoles, and is set to release in 2021.
  • Grand Theft Auto Online will also be available for free for PS5 owners at launch.
  • GTA V was called the best-selling game of the decade with 120 million units sold.

To kick off the big PS5 reveal event on Thursday, Sony announced that an enhanced version of Grand Theft Auto V, which is still going strong despite coming out in 2013, will be coming to next-generation consoles.

While the game isn't set to release until 2021, current Grand Theft Auto V owners and fans will be getting some goodies in the meantime. Grand Theft Auto Online will also be coming to the PS5 — and it will be free for all PS5 owners at launch for the first three months. GTA V PS4 and PlayStation Plus onwers will also be getting $1 million in GTA cash every month until the PS5 version launches. This offer starts today.

It's unclear at this time what "expanded and enhanced" means for the game, but it likely, at least, means updated graphics.

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It makes sense that, at this time, there isn't a new GTA game set to release on the PS5. GTA V is still an immensely successful game, even though it came out last generation. Take-Two Interactive announced back in February that the game crossed 120 million units sold and was called the best-selling game of the decade in the December 2019 NPD report. Grand Theft Auto Online also continues to be immensely popular with users.

The PS5 is set to release in Holiday 2020.

Updated 2:57 p.m.: An earlier version of this post said it was coming to PS5, but Rockstar confirmed it's also coming to "new generation consoles."

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PlayStation 5

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