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<\/div>\nA new bit of research has been released, which indicates that the online poker market is in for a bit of an explosion of growth. The market research done by MarkNtel Advisors<\/a>, based in New Delhi, expects to see online poker go from $7.98 billion to $37.19 billion by 2030.<\/p>\n This bit of market foresight stems from multiple factors. Much like sports wagering and online casinos, the researchers believe that “smartphone proliferation, increasing internet penetration, AI-powered gaming features, and evolving online poker regulations”.<\/p>\n While there’s some mild concern around artificial intelligence in poker, especially online, where bots are a little harder to detect, MarkNtel Advisors claims that AI will be part of this growth. “AI-powered gaming features” here are more around security and player engagement.<\/p>\n In a Q&A section towards the bottom, it claims that AI-powered tools are currently powering anti-fraud and gameplay analysis.<\/p>\n For other technologies, like the Web3-based poker sites, it claims that “Decentralized platforms are gaining traction” thanks to their “fair algorithms and cryptocurrency support.” However, in November 2024, online casino operator MetaWin was hacked for $4 million. A few days later, on November 8, CoinPoker was exploited for $2 million.<\/p>\n The group also points out that smaller elements of technology not in the Web3 world are contributing to online poker’s growth. As poker apps “hold a 70% market share”, it’s able to use push notifications and integrated “payment gateways”, like Apple Pay or something similar, to introduce a seamless loop of always engaging the player.<\/p>\n Of course, the “smartphone proliferation” and “increasing internet penetration” are quickly becoming the major factors. As MarkNtel points out, in a country like India, poker players have “tripled in just six years” as both technologies get cheaper and more accessible, as well as fundamentally better.<\/p>\n That also pertains to the US, which holds a 35% market share in poker. As states ease up their online gambling laws, online poker is becoming a hot commodity in the United States. As more states open up options for online gambling, the more the US will see its online poker numbers grow. At the moment, a vast majority of online gambling still goes to offshore operators<\/a>, which might contribute to inaccurate numbers during research like this.<\/p>\n As for the game itself, it found that Texas Hold’em “dominates with 70%+ market share”. This is in part due to its easy-to-follow ruleset, as well as tournaments.<\/p>\n The post Research group expects to see online poker industry hit $37.19 billion by 2030<\/a> appeared first on ReadWrite<\/a>.<\/p>\nNew tech isn’t always best for poker<\/span><\/h2>\n
Current tech is doing a better job<\/span><\/h2>\n
Changes in the US will grow online poker<\/span><\/h2>\n