Quote:
Originally Posted by ASAP17
Poker is heading towards a fully mature albeit much smaller industry. The trends in traffic have declined in both overall liquidity & interest almost everywhere. This isn't just in player traffic but everything revolving around the poker economy. Poker advertising, ratings, media (which do drive traffic of casual observers/new liquidity) have all disappeared no matter where you are globally with a few exceptions. People need to accept it will never be the same again, regulation or not. There is always money to be made but the pool is shrinking daily & it appears no sign of slowing down.
It's like trying to recreate the .com bubble, there will always be moments in history when greed & opportunity hits a parabolic limit & never reaches that level again. Then it recreates itself in another form (cough DFS).
I could not agree more. If you could undo Black Friday, I still think we would have seen poker declining the last 5 years though as it seems gambling in general is down. A lot of money has moved to DFS too.
Where does it go from here? I think you can look at bowling (in the U.S.) for a hint. Bowling's 'golden age' was during the '60s & early '70s. It went out of favor for awhile and bowling alleys began to close up shop. It saw somewhat of an uptick in popularity in the 90s, but the last 10-15years has seen declines again. I forgot where I read it but it's estimated there is something like 25% fewer bowling alleys in the U.S. now than there was around '98/'99.
Poker will stick around just not as the pop-culture phenomenon that it was. As you said, there is always money to be made. Poker might just be more a part of the background now. It will still be televised on ESPN just like PBA Bowling. It may even see a small resurgence in the future as the online gaming regulations get worked though but that is a long way off IMO.