Luckey was ordered to pay USD 50 million of the award and another former Oculus executive, Brendan Iribe USD 150 million.
The two executives were accused of violating a non-disclosure agreement with ZeniMax and copying the source code and other documents on a USB storage device.
ZeniMax had sought USD 4 billion in damages in the case, in which Facebook chief Mark Zuckerberg testified to defend his company.
Maryland-based ZeniMax said it was “pleased” about the award for “unlawful infringement of our copyrights and trademarks, and for the violation of our non-disclosure agreement with Oculus pursuant to which we shared breakthrough VR technology that we had developed and that we exclusively own.”