The World Series Of Poker had another record breaking year and stays the market standard, In 2011, there was a record 75,672 entries in comparison with last year’s record of 72,966. This year was up 3.7 percent of last year. Also, the prize pool set a record in 2011 with a whooping $191,999,010 dollars compared to last year’s previous high of $187,109,850. This was a growth of 2.6 percent. These numbers cause you to think everything is good in the poker world.
By taking a look a little deeper you will notice most predictions of the turn out for this years tournament were deeply understated. Actually they broke records as outlined above. So Black Friday did not have the impact some thought it might. Despite thousands of players angry after three of the four sites failed to reimburse them even after the government cleared the way to do so. Many thought players might not be able to afford WSOP buy-ins because of the online poker crackdown. We believe the predictions were a year early. With sponsorship down and much less fish playing online poker these days the sharks won’t make much cash for buy ins. It could just have not been long enough for the losses to kick in.
The tv element of the tournament has definitely taken a commercial hit. It’s no real shock because the people who own these websites were huge sponsors specially Poker Stars and Full Tilt Poker. If you have been watching the tournament on television you will see their logos are not on the players either. Even the UFC events don’t have these sponsors anymore. If ratings are down this year they can lose even more sponsors. One good thing is Godaddy has signed on this year becoming a sponsor and maybe that is a good sign.
Tha harsh truth is next year is the year to worry about. If poker players cant find online poker sites that accept players from the US, then they could lose interest and take up different hobbies. Even if their desire is to play, but there is no place online, they may get frustrated. In either case the lack of US poker Sites is a problem and the fact these players have not had there funds returned to them is yet another. The environment over the next year can really get bad.
So how should we fix it and keep the best tournament on the planet? That will not be an easy one. Here are a couple thoughts. First, if the government is prosecuting the operators of these poker websites criminally, then they should also pursue the funds being returned to the players just as vigorously. The poker players were not breaking any laws and their funds should be returned. Second, there must be a law that legalizes online poker at the minimum if not all of gambling. The law makers should not play politics with this situation. It is time to get past the Indian gaming lobby and help the players. Until we get US poker sites again the sport is in trouble and so is the tournament.
Information from The WSOP Seems Like Its Thriving, But Look Below The Surface.
