Making Money From Poker Online
The basic idea behind making money playing online poker is you deposit a small amount of money into your account on a poker site, increase that amount by playing poker, and then withdraw it. Here is a video I made which gives you the poker strategy of how to beat Zoom 1c/2c online for example: BlackRain79Poker 17.8K subscribers. Taking the real world poker elements of thrill, challenge, character, and rewards to online space, the democratization of the game is making it possible for millions of people earn money. Today there are limitless choices for making the most money you can in online poker Before the recent boom in poker’s popularity, the choices of poker games were relatively limited in spectrum. If you were lucky your local casino might have a poker room spreading small fixed-limit games of Hold’em, Stud, and Omaha.
By Weston Blasi
New Jersey hit a monthly record of $93.5 million in October revenue from online poker and online casinos, up 106.7% from October 2019
In May, a few months into the pandemic, the online gaming industry was seeing record highs in terms of overall revenue (link). As coronavirus cases have risen even higher since then, so have online casinos' revenues.
- Everyone wants to earn money online. First and foremost we are a site and community specialized in poker. And the most money you can make with online poker. But there exist some other ways to make some money online, as well as playing poker. In this article, we want to focus on specific topics to help you fill your wallet and earn more money.
- Make money promoting online poker rooms. Aside from simply playing good poker, you can actually make extra money by promoting online poker rooms. Being a 'poker affiliate' simply involves sending other players to online poker rooms, and in turn you will earn a commission for every player you send. How much can you earn?
New Jersey hit a monthly record of $93.5 million in October revenue from online poker and online casinos, up 106.7% from October 2019. Pennsylvania saw its online casinos and poker rooms generate a record $59.8 million in gross operator revenue for October, a record for the keystone state.
New Jersey and Pennsylvania -- along with Nevada -- are two states that typically have the most online gaming revenue (link) and are generally good indicators for the industry.
'On a purely business level, it strengthened our business. Our business has really thrived,' Max Bichsel, VP of U.S. Business at Gambling.com, told MarketWatch. 'We had more people focused on online casinos. The online business grew substantially throughout Q2 and Q3 to a new level.'
Gambling.com connects bettors with online gambling companies.
While no major professional and college sports were being played from March to May, the industry saw a big jump in its total players.
Bichsel claims players who might normally bet on sports would play 'a couple hands of blackjack or sprint the roulette wheel a few times' during the summer sports hiatus (link).
But now that sports are back, bettors are not choosing to either bet on sports or play online poker -- they are doing both.
'You're back to pre-pandemic levels with sports, coupled with the increase in online casino activity. It's hard to think in retrospect what would have happened without a pandemic, but as the situation stands today it's pretty positive for the industry,' Bichsel said.
Many in-person commercial casinos haven't fared as well.
The U.S. casino industry recently sought relief from the government after states lost more than $2 billion in lost tax revenue (link) in the four months they were shut down due to the pandemic. One of the destination-focused areas that rely heavily on commercial property revenue is the famous Strip in Las Vegas -- Strip properties' gross gaming revenue declined by 30% year over year to $375.8 million, according to the Nevada Gaming Control Board (link).
But companies that specialize in regional casinos are more equipped to deal with the pandemic. Places like Penn National (PENN) and Caesars (CZR) who operate local casinos with high visitor retention rates are more likely to do well.
'Destination-focused casinos are in a little bit of a more difficult position. You take AC (Atlantic City) or Nevada vs more regional-based casinos. I'm talking about places like Chicago or Philly that aren't major attractions for gaming specifically -- those places will continue to thrive,' Bichsel said.
And Bichsel says the boom in online activity won't necessarily hurt all retail casinos in the long run.
'I don't think there's a correlation between casinos being open and online gaming being less. There's definitely overlap between the same players. Based on what we have seen in the past when players did have the opportunity to go to a physical casino or play from the comfort of their own home, they are not directly tied to each other. They are separated in most cases.'
The trend toward online poker likely won't change in the coming months as the weather starts to get colder.
Can You Make Money From Poker Online
'Cooler weather unquestionably benefits online gaming,' Valerie Cross, an analyst for PlayPennsylvania.com, told MarketWatch in an email. 'And that should be even more pronounced this year because of the pandemic.'
-Weston Blasi; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
Making Money From Poker Online Without
12-07-20 0920ET