Poker strategy is one of the oldest, and most popular, game of the 21st century, with billions of dollars invested in the game.It's also a game where a huge chunk of money is lost in the long run, and where players often fall victim to the "poker trap" or make bad decisions.A recent study by researchers at University of Pennsylvania's Wharton School found that just as poker players are often the "...
Pokes fell by around 20% on Wednesday to $4.5 billion, as players in Japan and other emerging markets took advantage of the drop to access the game.
The number of online poker sites fell by an additional 30% from January to March to a total of $1.3 billion, according to the data firm, according a report in the WSJ.
The market’s overall performance fell from an average daily rate of around $12 billion in January to $10 billion on Tuesday.WPT Online Poker, a subsidiary of the online poker firm Pinnacle Entertainment, has also reported a 30% drop in the number of players this quarter.
The move to online poker was spurred by an increase in demand from Japanese players and the growth of other online poker markets, such as the Asian market, which has seen a boom in popularity over the past few years.
Online poker was launched in Japan in 2013.
Japan’s online gambling industry is dominated by online gaming companies.
It has become one of the most popular ways for Japanese players to win in online games, accounting for up to half of all online poker revenue.
A spokesperson for Pinnacle said that the company is aware of the news but did not provide further comment.