PokerStars- Game to Earn Million Dollars Online

Pokerstars is an online poker card game that has been having a huge impact on people for many years. Many have participated in the various tournaments arranged by the game and have also won money. PokerStars is owned by The Stars Group.

What is PokerStars?

PokerStars is an online cardroom game founded by Isai Schienberg, a senior programmer. In September 2001, the site was launched in Beta version for play money only. In the same year, in December the real-money gaming version was launched.

The game was being conducted from Costa Rica for a few years until it moved to the Isle of Man in 2005. This decision was made by Scheinberg since the island was Offering a 0% corporate Tax Rate and policy to remove all bans on companies that were accepting poker bets from US players.

PokerStars was given an eGaming license by the Isle of Man Department of Home Affairs under its Gambling Regulation Act of 2001.

PokerStars became one of the most popular online games in the mid-200s. It conducted a World Series of Poker (WSOP) event in 2003 that was also a significant mark in the history of poker.

The event recorded a miraculous win by a player called the Moneymaker in 2003. In his first-ever live tournament, he beat player after player and went on to claim $2.5 million. This historical win gained coverage in the Media and was known as the ‘Moneymaker Effect’.

After this significant victory in PokerStar, the site went to qualify 315 players in the following year for a $100Kfor $100K championship event.

On April 15 2011, the PokerStars website was closed down by the US government along with other poker websites online for the US region. The website had no choice but to be suspended from the US Market. However, it still remained open in all other regions. This day came to be known as Black Friday for the online poker Industry in the US. PokerStars struck an agreement with the Department of Justice in the US to distribute account funds to their US customers on April 20, 2011.

It began paying out funds immediately and also admitted to no wrongdoing in past records. They also acknowledged and agreed that they would be able to apply for licenses to operate legally in the US once the country sets up the necessary legal framework for online poker.

As part of the agreement, the company purchases the assets of its previous competitor- Full Tilt poker.

Today, PokerStars does not operate in the US because of the no provisions from the government’s end for legal online poker. However, it continues to dominate the online poker market around the world with 50 million registered players.

You can download PokerStars on your mobile or laptop directly from their website.

How to Earn Money on PokerStars?

Making money on PokerStars is a doable task. You need to constantly improve yourself at game levels. PokerStars provides various events to participate in to make money. If you are playing a Cash game on PokerStars, you can even take a break while playing and also end the session at any time with a fixed profit. You can win money with each individual hand but need to be skilled at it.

You can start with micro-limits with a meagre bankroll of $50 to play at the lowest limit of NL2.

If you are playing MTT on PokerStars, you have a bigger chance of winning even a million dollars. However, you will need to have large bankroll- even 200 or more buy-ins for a limit. If you want to start playing at micro-limits you will need to deposit $50 to $100 minimum. If you are a newbie, start by playing freerolls first and get the hang of the game. In your first time with MTT, refrain from starting off with $50 at a table. Invest in smaller units.

PokerStars provides a safe deposit and withdrawal option for all players across the globe. In India, you can use Paytm, Credit card, Debit Card, VISA, MasterCard, Direct Bank transfer, UPI, Net banking and mobile wallet for safe deposits. The game allows you to set limits on your deposits so that you do not overspend.

PokerStars Revenue

In 2006, PokerStars was valued at around $2 billion. n the first quarter of 2019, Pokerstars made a total of $340,613,000 in total revenues. Over a three-month period, Pokerstars was generating $3,784,588.89 per day in total revenues.

In the first quarter of 2019, Pokerstars reported $114,583,000 in total operating Income. This is the result after the subtraction of general and administrative and research, development and sale activities expenses. over the course of the first quarter of 2019, Pokerstars was generating its shareholders $1,273,144.44 in pure profit per day.

What is Real-money Games?

Real-money games are those ones that charge fees from the players. Players have to pay a minimal fee to keep playing and also have chances to win cashback and much more. More users joining in would be a profit since they will be able to earn more. They invest in giving cashback, advertising, brand building and referrals.

A recent report also said that the real-money gaming market is expected to grow around 50% to 55% by 2022.

Online Card Gaming Facts

1. Age Group

A recent report said that an average Indian online gamer is between the age group of 20 years to 20 to 44 years.

2. Gender

Men are predominantly involved in playing online card games.

3. Territory

The majority of the gamers are from south India.

4. Marital Status

The study also said that 51% of online gamers are married with children while 32% are single.

5. Users

The online gaming card industry has recorded a rapid increased in the number of users between 2014-2018. Within just 4 years the increase has been astonishing.

The figures are mentioned below:

Online Card Gaming Companies Revenue

With the increase in players joining every day, the online card gaming industry has recorded a considerable rise in total revenue.

The table mentioned below gives the details:

Conclusion

PokerStars is widely liked by playersplayer around the world for real-time money earning optionsoption and chances of winning like Moneymaker.