The casino industry has always been lucrative. With its allure to the risk-loving individuals with high testosterone levels, the industry has made billions and even trillions of dollars.
With the popularization of Internet services and the real money casino online games, the industry has seen even more revenues. The reason is simple: the players can access their favorite casino games from any part of the world at any time of the day.
This trend is particularly obvious with the World Championship of Online Poker (WCOOP) held by PokerStars. After the record-breaking year of 2018, the tournament set another record this year.
With the huge WCOOP attendance rate in 2019, the Championship far surpassed its predetermined prize pool. Initially, the guaranteed total prize money for winners was set to $75 million, however, with over 1.2 million player entries, the prize volume was increased by close to $30 million to reach $104.7 million.
It’s interesting to note that this year’s record outweighs the record made the previous year. In 2018, the World Championship of Online Poker had the largest prize pool of $99 million on offer. Online gambling is apparently conquering its revenue heights.
20-day tournament’s Main Event High broke another record with its $11.18 million prize pool, becoming the largest WCOOP Main Event since 2010.
Record in Europe
The Championship was an overwhelming success in European countries as well. This year, the players of Southern Europe, namely Spain, Portugal, and France were able to access Galactic Series.
The series had a guaranteed prize volume of €15 million, which was far surpassed with the actual prize pool of €19.42 million across 23 days of gaming. This number beat last year’s €17 million prize pool.
Even in Italy, the expected €3 million pool increased to about €3.7 million in Galactic Series. The European division of WCOOP clearly didn’t fall behind the global payout rate.
European Poker Tour in Barcelona
While the World Championship of Online Poker was a great success with record-breaking numbers, the world of online poker didn’t stop there.
The recent European Poker Tour in Barcelona turned out to be another record-breaking event in the online poker world. In fact, the tour was so successful that in its 16 years of existence, the recent one has claimed the title of the largest stop in the history of poker tours.
The European Poker Tour in Barcelona, with its 12-day gaming event, saw more than 23,600 registered players. The series took place from August 20th to September 1st and gave out more than €52.9 million in prize awards.
The main tournament was another big event in the history of EPT with 1,988 registered players. It eventually ended with €9.6 million in awarded prize money and the main prize went to the winner, Simon Brandstrom, who also won World Poker Tour UK this year.
Online casino is flourishing
As you can see, online casino tournaments are making incredible amounts of money and are breaking previous records. This year, the total prize pool of the World Championship of Online Poker surpassed $100 million mark with its $104.7 million in total awards.
PokerStars’ World Championship of Online Poker makes another record-breaking yearThe tournament’s Main Event broke another record with $11.18 million prize pool. These and other record-breaking rates show just how successful the online casino industry really is.