Online Poker Industry Becomes More Lucrative
The online poker industry has grown tremendously in the last few years thanks to the availability of high-speed Internet connections and mobile poker gaming applications. This has in turn led to an increase in online poker revenue and the introduction of brand new poker games, apps, and tournament formats. The number of poker rooms, social networking sites offering gaming services, and mobile poker apps is on the rise.
The global online poker industry was worth around $417 billion in the year 2012. There is still a lot of the year 2013 left, but industry experts and market analysts feel that online poker revenue will increase and become more than that of last year. Rise in online poker gaming revenue is essential not only to maintain thriving online poker communities, but also to convince the US federal government that legalizing online poker at the federal level is the need of the hour. If the US legalizes and regulates online poker, revenue generated through online poker activities is going to increase.
The number of online gamblers has increased by around 5 percent in August and September, particularly because of the launch of reputed online poker rooms such as Bovada.lv. Online poker has been further popularized by the fact that mobile poker apps have increased in number. For this reason, a number of investment companies consider it to be a good idea to invest in the online poker industry.
Players can download mobile poker apps on almost any mobile device on earth. The number of people using smartphones is steadily rising, which further indicates that revenue generated through mobile poker apps is sure to increase in the near future.
During the next fiscal year, the number of high-quality online poker sites is expected to increase. Games such as blackjack, Texas Hold’em, and slots will become more lucrative than even. If gaming revenue increases, the size of progressive jackpots, tournament prizes, guaranteed pots, and so on is going to increase.
Online gaming technology is also developing in leaps and bounds, so players can expect better online gaming software platforms and interactive gaming features in the near future.
Many people are worried that online poker rooms will cannibalize land casinos and live poker rooms. No such thing has happened so far, and land casinos happily co-exist with online gambling sites. Online gambling attracts younger, tech-savvy players, while older, conventional players tend to continue visiting land casinos. Land casinos might suffer in the future as more and more people turn to online gambling, but in the meantime, major live events such as the World Series of Poker (WSOP) continue to attract players.
The popularity of online gambling has been rising steadily ever since the birth of the industry. The year 2013 has been especially lucrative. If the industry suffered at any point of its history, it was during the years 2007 – 08, when the world was reeling under the economic recession. Otherwise, online poker revenue has been steadily increasing, and the future is sure to be bright for the industry.
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