Casino City's iGaming Pocket Directory - 2022 Edition

Online poker started gaining momentum over 20 years ago, with the first real-money online cardroom, Planet Poker, going live in 1998. This was the same year that Rounders, a film about high-stakes poker starring Matt Damon and Edward Norton, was released. Then Chris Moneymaker’s 2003 World Series of Poker Main Event victory in Las Vegas from a mere $86 satellite tournament caused a boom of epic proportions and became known in poker circles as the “Moneymaker Effect.” Moneymaker, a previously unknown recreational player who worked as an accountant in Tennessee, beat the field of 839 entrants, up nearly 200 players from 2002, but the craze resulted in a tripling of the field in 2004, up to 2,576 players. By 2006, it reached a record 8,773 players. However, the massive growth was eventually stunted by cheating scandals, fear of bots and general distrust of policing the product, as well as the U.S. market being dealt a near-deadly blow due to the Unlawful Internet Gambling Enforcement Act. After posting global gross gaming yield of $4.99 billion in 2010, that figure fell to $3.61 billion in 2015. But the game continues to rebound. The 2019 World Series of Poker Main Event attracted 8,569 entrants, the second-most in the 50-year history of the event. In 2020, due to the pandemic, an international WSOP Online 2020 tournament series, played on GGPoker, was created and a number of long-standing poker records were smashed over the course of the 54 event series, including the largest prize pool ever for an online tournament. Later in the year, a heavily-restricted 2020 Main Event, with the final tables being played live, drew 1,379 players, despite requiring a hybrid structure between online and in-person, as well as domestic and international play. With the world opening up more this year, the 2021 Main Event drew 6,550 players with the $8 million grand prize going to Koray Aldemir, while the 2021 World Series of Poker Europe Main Event played in the Czech Republic, attracted a record-breaking 688 entries, the most in its 14-year history. Poker Industry Overview 50 Sponsored by Casino City’s iGaming Pocket Directory poker