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#1
11-09-04, 09:59 AM
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Interesting Article I Read Yesterday
Sitting on the train yesterday, when I saw Moneymaker on the paper, so I picked it up to read it. In 2002, online poker revenue was approximately $200 million. Today, a shade over $1 billion. The industry has had its profits jump about 400% in just about 2 short years. It was a very interesting read, and I would love to post it, but apparently to get the online version you have to subscribe to some stupid Vancouver Sun or something.
I just can't believe how much money is made in online poker. That is an absolutely astounding amount and I'd expect or speculate that $1 billion may double within 2 years.
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That's how I rolled. |
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#2
11-09-04, 11:11 AM
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That doesn't surprise me at all.
Look through all the games going on on a poker server like stars/party, and you will see that at any given time there are hundreds of ring games, with atleast a dollar a hand being taken for rake. Some simple multiplication and its not that hard to see how much money comes in. If anyone is looking for a wise business to start, get some programmers to throw together your own poker interface/ server , and get up and running. Even just hosting simple buy-ins with a rake you can make a mint. |
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#3
11-09-04, 11:44 AM
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As the income rises, so will the fed's interest in regulating it for our "protection."
What I really mean is "taxed." 
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#4
11-09-04, 02:43 PM
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It has to peak somewhere, when do you think that will be? There has to be a ton of losing players, when do they give up and the easy money dry up? Any time soon? Probably not, but it is something to think about.
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#5
11-09-04, 02:53 PM
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for everyone that decides they have had enough, someone new will come in....it's kind of like sports betting, that's been going on forever and always will. It will definately peak, but i dont think there will be much of a dropoff when it plateau's....i dont ever see online poker revenues going down all that much....
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https://secure.pokerchamps.com/pokerpublic/arequest?acode=JIMMYTHEG |
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#6
11-09-04, 02:57 PM
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There are many markets under-represented online and live for poker. Just think about the possible revenue flow once the game really catches on in China and India, the 2 most populated countries in the world. They have almost half the world's population combined, so just you wait and see how much higher revenue goes and how many more losers we will see online.
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That's how I rolled. |
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