I wouldn't expect it anytime soon if at all. Apple doesn't care about the gaming market. I was lucky enough to win a PC, and gaming is so much easier on there. Don't get me wrong, I loath Windows UI, but if you want a great gaming experience, don't search for it in a Mac. I tried to for years, hoping Apple would eventually use the latest and greatest graphics cards, but they never would. I even thought after Steve died that maybe Tim might consider breaking into the gaming sector, but he's continued on the same course.
M1 is slightly better in terms of power consumption and running a lot cooler, but I doubt the graphics power will ever outpace current graphics cards. I know their plan is to somehow merge iOS and Mac OS. And they think mobile games will be the main thing they'll market to. And because mobile games aren't as graphics intensive, they can get away with using less powerful GPUs.
I suggest either making a hackintosh or just getting a low-end gaming PC, and your life will be so much easier. I still have my Mac for handling all my other business except games. Although, I might even try the CS suite on my PC now that I saw how much faster everything runs. The graphics power is just insane like I've never experienced before on Mac. Windows 10 and Windows 11 are even more Mac-like than previous releases, and it didn't take me long to get used to it. I think the only thing I had to do with re-map my control and alt keys to make alt key more like the command key on a Mac keyboard.