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GTA 5 and Red Dead Redemption 2 (RDR2) are two of Rockstar Games' most acclaimed titles of all time. They came out in 2013 and 2018, respectively, and revolutionized the gaming industry upon release.
Since both RDR and RDR2 were massively successful games that made significant amounts of money for Rockstar Games, it’s highly unlikely that a RDR3 won’t happen at some point in the future.