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ONLINE POKER IS HELPING GAMBLING COMPANIES PROSPER

Industry giants are reporting over $1 billion in revenue because of online poker.

by Poker King|April 3/2019|views: 104

Global gambling industry leaders report over $1 billion in revenue for 2018. Because of the favorable environment, the online gambling industry is growing at a faster pace, generating more in revenue, opening more job vacancies, and eliminating illegal activities by pushing countries worldwide to vote for centralized gambling regulation frameworks.

Some leading industry names are being publicly traded, trading on stock markets around the globe.

What’s common for these companies?

They all have poker.

While the poker boom happened three decades ago, it is now getting back to speed, attracting more recreational players and allowing users to enjoy the game, with higher chances of winning. The end of the boom came in October 2006, while the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) became active in the US, pushing several websites to move out of the country.

Experts state that the game is attracting much more players and is more popular in comparison with the poker boom period.

Recreational poker holds the future.

Why? Because every professional, whether he’s a poker player or a surgeon, has to retire. In reality, the comparison between the two general segments–a recreational player who plays for fun, and a professional poker player who plays for money.

The industry is making poker accessible and fun again.

Mobile-dominated, the industry provides endless opportunities for recreational players to enjoy their favorite games anytime, anywhere. Whether playing a few hands on Texas Hold’em or doing a few spins in an online casino while waiting for the bus, players worldwide have higher chances of winning while playing for fun.