The online poker industry received a big boost from the coronavirus. With workplaces shut down and many people staying indoors, people have chosen to play more online poker.
However, this initial boost appears to be waning. The UK, for example, is seeing a large drop in revenue following the COVID-19 inspired boom.
Statistics from the UK Gambling Commission (UKGC) show that internet poker revenue is slowly decreasing each month.
The fall from April 2020 to June 2020 is especially telling. Operators pulled in £20,068,939 in April rake compared to just £11,675,197 in June. This downward movement represents a 41.8% drop.
UK Economy Starting to Open Back Up
Internet poker had little competition throughout the United Kingdom from March 2020 to May 2020. Not only were land-based casinos shut down, but so too were many other types of businesses.
This situation has changed recently, though. Many industries are reopening as lock-down restrictions ease across the country.
People now have more entertainment options and can even visit brick-and-mortar casinos again. Brits also have the ability to wager on sports too now that leagues are running again.
Of course, British online poker enthusiasts are still logging on and playing hands. But they’re not spending as many hours on the virtual felt as in previous months.
Will UK Online Poker Levels Remain Elevated?
Few expected the COVID-level of poker play to continue in the UK. It’s apparent that, following easing on lock-down restrictions, not as many people will be playing in the coming years.
The real question, though, is whether the levels of internet poker play will remain elevated to some degree. Will the influx of people who logged on from March to May 2020 help the industry?
Chances are, online poker has received a permanent boost. Some people have rekindled their poker passion during the COVID era and will keep playing off and on again in the future.