the Unlawful Internet Gambling Enforcement Act in 2006� After poker posted a global gross gaming yield of $4�99 billion in 2010, that figure fell to $3.61 billion in 2015. But the game managed to rebound� In 2022, the Main Event drew the second-largest field in the history of live poker, outdoing the 2019 event that attracted 8,569 entrants� Then, last year, the 2023 WSOP was one for the history books, and not just because the record-breaking Main Event attracted a new all-time high of 10,043 players with a staggering $93,339,900 prize pool — the biggest in poker history� In total, the 2023 WSOP live bracelet events attracted 214,641 entries from over 114 different countries with record $402,808,892 total prize pool, eclipsing the previous record of $347,941,800 set in 2022� While in-person poker tournaments display symptoms of improvement, online poker represented a fraction of the global online gambling market, which was dominated by sports betting (49%) in 2022, according to Grand View Research� Nonetheless, the global online poker market size was estimated at $96�2 billion in 2023, according to Custom Market Insights, and is expected to hit around $170 billion by 2030, with a compound annual growth rate of 12% from 2023 to 2030� In the U�S�, regulated online poker launched in three states (New Jersey, Nevada, and Delaware) in 2013, but it wasn’t until 2019 that a fourth state, Pennsylvania, introduced the online version of the game, followed by Michigan in January 2021� The Multistate Internet Gaming Agreement (MIGA) was signed in February 2014, allowing players in Delaware, Nevada, and New Jersey to play with each other. Michigan joined MIGA in May 2022, which was significant since the state’s population nearly doubled the player pool of the other three MSIGA states, and in November 2023 West Virginia came on board, although it could be more than year before players are actually able to buy in on tables within the other states� Pennsylvania has yet to sign the agreement, which would boost revenues given it offers the biggest population of those four states� Connecticut also legalized online poker in early 2022, but as of December 2023, sites had not yet launched� Overall, the outlook for poker is positive� The industry is steadily expanding its influence in key markets, but the prospects of a swift double-up for the online game seems unlikely for now� 49 Sponsored by Visit iGamingPocketDirectory.com for more information. poker
RkJQdWJsaXNoZXIy NDIzMTA=