{"id":3823,"date":"2019-08-19T10:02:27","date_gmt":"2019-08-19T10:02:27","guid":{"rendered":"https:\/\/www.top10pokersites.net\/news\/?p=3823"},"modified":"2019-08-19T10:02:27","modified_gmt":"2019-08-19T10:02:27","slug":"pokerstars-sees-revenue-drop-for-third-consecutive-quarter","status":"publish","type":"post","link":"https:\/\/www.top10pokersites.net\/news\/pokerstars-sees-revenue-drop-for-third-consecutive-quarter","title":{"rendered":"PokerStars Sees Revenue Drop For Third Consecutive Quarter"},"content":{"rendered":"
PokerStars<\/a> has seen a continued decrease in online poker revenue, suffering a 12 percent year-on-year drop, as indicated by the latest quarterly report from The Stars Group<\/strong> \u2013 which is the parent company. The most recent decline represents the third consecutive quarter of year over year drop for the world\u2019s largest online poker site, with revenues just falling below $200 million for the first time since 2016.<\/p>\n During the third quarter of 2018, PokerStars generated just $212.8 million, a year-on-year drop of 3.9 percent. It did not see much improvement in the next quarter, as revenues continued to fall and ended up at $210.9 million, a 10 percent decrease. Things continue to decline as the latest dip to $191.5 million was the lowest ever recorded by PokerStars in five years.<\/p>\n The continued decline in online poker revenues is bound to impact overall revenues for 2019 which experts estimate might fall below the $800 million mark. This is a blow to PokerStars as revenues for the past two years approached $900 million.<\/p>\n