When is Borderlands 3 being released?

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I just saw that Borderlands 3 has finally been revealed. Is there any indication of a release date?

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Based on what we see in the trailer that it will be shown at PAX, my thinking is it will be released later this year. If they are ready to show it to the public now, it’s likely to make a 2019 release unless they delay it for more development time later in the year.

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