Poker is there in the market for over 200 years. However, online poker is a recent player in the world of online casino and gambling. It was in the year of 1998 that the first online poker room came into existence. The only online poker room during that time was Planet Poker.
Slowly with the passage of time, more online poker rooms were introduced in the online casino field. The rake structure that was fixed initially was from 5 percent to $3 max rake. This rake structure is more or less constant even today. It was in 1999, that Paradise Poker entered the scenario.
Poker Spot that was introduced in 2000 started facing some troubles later regarding collection of deposits of the players from the credit. Therefore, it went out of the scene. In the year 2001, two online poker firms made their entries PelangiPoker. These were Party Poker and Poker Stars.
Poker Stars earned popularity because of its online poker tournaments. Paradise Poker happened to be the dominant player till 2003. It was in this year that Party Poker made its launch of television advertising campaign. Online poker gained immense popularity with every passing day. It started to grow heavily.
The advertising campaign of Party Poker became a big hit. Besides, their launching of the Party Poker Million earned them huge success in the marketing field. This helped to take the network of poker to a much elevated level. This network is known to represent nearly half of all the online poker market.
Chris Moneymaker created a big buzz in the online poker industry. After qualifying for the main event of World Series of Poker, he became successful in outlasting a field of 839 entrants. This happened to be the biggest World Series of Poker during that time. He bagged cash money of $2.5 million.
In the year 2003, came into the scenario a website providing information on poker. In 2004, online poker games reached its peak. There were instances of increasing number of plays at the virtual tables. Soon few more new players like Noble Poker and Full Tilt Poker entered the market. The revenues almost tripled.
Today, online poker industry is one of the most popular industries in the world of online gambling. Over the years, it has been able to draw huge attention from gambling lovers from various corners of the world. However, one should know the rules of playing the game before trying their hands in this field.