D&D 5e

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In January 2012, Wizards of the Coast announced that it was working on a 5th edition of the game. Public playtesting began in May, 2012. At Gen Con 2012 in August, the lead developer for 5th Edition, said that Wizards of the Coast had received feedback from more than 75,000 playtesters, but that the entire development process would take two years, adding, "I can't emphasize this enough ... we're very serious about taking the time we need to get this right." The release of the D&D 5th Edition, coinciding with D&D's 40th anniversary, occurred in the second half of 2014.

Since the release of 5th edition, dozens of Dungeons & Dragons books have been published including new rulebooks, campaign guides and adventure modules. 2017 had "the most number of players in its history—12 million to 15 million in North America alone". Bloomberg, reported that sales of 5th edition Dungeon & Dragons "were up 41 percent in 2017 from the year before, and soared another 52 percent in 2018, the game's biggest sales year yet. In 2018, Wizards of the Coast organized a massive live-stream event, the Stream of Many Eyes, where ten live-streamed sessions of Dungeons & Dragons were performed on Twitch over three days. WotC has created, produced and sponsored multiple web series featuring Dungeons & Dragons.

In 2020, Wizards of the Coast announced that Dungeons & Dragons had its 6th annual year of growth in 2019 with a "300 percent increase in sales of their introductory box sets". In terms of player demographics in 2019, 39% of identified as female and 61% identified as male. 40% of players are considered Gen Z (24 years old or younger), 34% of players are in the age range of 25–34 and 26% of players are aged 35+. In 2021, the Los Angeles Times reported that Dungeons & Dragons, "revenue was up 35% in 2020 compared with 2019, the seventh consecutive year of growth," and in 2020, during the COVID-19 pandemic, "virtual play rose 86%.

Following an apology issued by Wizards of the Coast for offensive and racist material included in Spelljammer: Adventures in Space and the announced revisions to the product in September 2022, WotC's game design architect – announced a new inclusion review process for the Dungeons & Dragons studio in November 2022. This process will now require "every word, illustration, and map" to be reviewed at several steps in development "by multiple outside cultural consultants prior to publication".