What Does The Term Black Friday In Poker Mean?

Table of content:

• Online poker in the U.S. before Black Friday
• What happened on the 15th April of 2011?
• Impacts of Black Friday on online poker in the U.S

The 15th of April 2011 - Black Friday - A day completely changed online poker's future in the United States. We're about to approach its 10th anniversary, but the effect of that day can still be seen in poker games as far as the United States is concerned. Though the game is returning to its usual track, it may still take some time to recover from the impacts of Black Friday.

So what exactly happened on this day? What was the state of online poker before the event of Black Friday? Does it still have an impact on the world of poker?

GetMega is an amazing platform that lets you play Hold'em Poker with friends & family with real money. Sounds fun, isn't it? Download the GetMega Hold 'em Poker now!

Online poker in the U.S. before Black Friday

Online poker was at the height of its prosperity in America. It was considered that the days would always be as bright. The top sites for online pokers, such as PokerStars and Full Tilt Poker, were earning a healthy margin. The poker professionals were also helping in the publicity of those sites.

Americans were busy depositing, withdrawing, and playing dozens of games daily on these platforms. People were able to make a living out of playing on these sites. Big television shows were being organized to make poker popular as it had never been before.
No one had any idea of what would happen to the poker world in the early afternoon of 15th April 2011.

Also Read

• Poker Face: Meaning And Tips On How To Use This To Your Own Advantage
• Ace In The Hole in Poker
• Chase in Poker

What happened on the 15th April of 2011?

On that Friday, allegations were made by the U.S. Department of Justice stating that the top executives of PokerStars, Full Tilt Poker, and Absolute Poker had violated the Unlawful Internet Gambling Enforcement Act (UIGEA) and they were involved in money laundering and bank fraud.

The UIGEA was a law passed in 2006 that banned customer payments from being processed by online businesses. Poker companies were legally not allowed to accept payments from players in the form of bets or wagers.

One more serious fact was revealed at the same time that those online poker companies owned a doubtful amount of around $3 billion.

The U.S. Department of Justice seized the three websites. The FBI and DOJ welcomed people trying to log into the sites with takedown notices.

By the day's end, PokerStars and Full Tilt Poker banned all the players from the U.S.

Impacts of Black Friday on online poker in the U.S

Black Friday had its impact on millions of people and billions of dollars. Online poker and the poker industry, in general, were affected. People could not make their living out of online poker games, and the options for dealings in offline tournaments became very limited.

Those with millions of dollars in their accounts with the companies could not remove their balances; their accounts were frozen. The game and the poker economy shrank in size.

The situation of online poker has improved in the past couple of years. The state due to coronavirus has greatly helped the reemergence of online poker in the U.S. Also, online poker websites can now be accessed using smartphones, which was impossible in the 'pre-Black Friday era.' Apps have replaced websites, making them a more comprehensive user experience.

Moreover, the world of online poker games has now shifted to various parts of the world. One such app is GetMega, where you can play different poker variants in one place. So, download it now and give it your best shot to win big money.