Black Friday Consumes Poker Income

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April 15, 2011 will forever be known in the online poker world as Black Friday. It was on this day that the US Department of Justice seized the American domains of the three largest online poker rooms, PokerStars, Full Tilt Poker and Absolute Poker. This put an end to millions of players wagering at these sites. Poker has moved from being a mere source of entertainment to a professional occupation that enables persons to earn a livelihood. In the last few years with the woes of the economic downturn many persons have relied only on playing poker at online sites for the roof above their heads and the bread on the table. In one stroke this was snatched away on Black Friday.

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Poker Players Alliance is a body that is lobbying for legalization and regulation of online poker in the United States. After Black Friday, John Pappas its executive director revealed some very pertinent figures. He said 8 million to 10 million Americans play poker online for money. About 50,000 claim to be full-time, professional online poker players, while an inestimable number use online poker to supplement income from day jobs. The three online poker sites that were shut down on Black Friday catered to roughly 70% of the American online poker market.

Hence it is easy to realize that there has been a massive loss of poker income on account of these sites being forced to shut down. There are two types of online poker players that are most affected. One is the player whose substantial savings were lying as deposits at these online poker rooms. PokerStars has initiated the process of refunding the deposits and others will follow, but this will take time. Meanwhile money locked up at the poker sites is money lost. It cannot be mobilized to create other income, not even to play poker at land casinos. One such sad tale is that of Ziethlow. He now sings for donations outside casinos to earn a fraction of what he earlier did.

The other type of online poker player who is badly affected is the one who is physically challenged and hence has little other opportunity for earning a living. ESPN did a story on Brian Ford after Black Friday. Brian is confined to a wheelchair because of Spinal Muscular Atrophy. His work of doing data entry dried up in 2008. Since then he has been surviving on online poker. Online poker has given Ford more than an income. It has given him income with the comfort of anonymity. Now both are lost. It’s estimated that thousands of disabled Americans play online poker daily to supplement their meager disability income.

Loss of income to poker players is the direct fallout of Black Friday. There is considerable collateral damage as well. The closure of these online poker sites will lead to job losses there. Absolute Poker employees in Costa Rica are already beginning to feel the heat. Then there is the poker training industry consisting of poker software, poker books and online classes. There are agents who represent players in getting them the best sponsorship deals. With income to the poker sites drying up, their sponsorship activities will take a hit and affect the representation business as well.