The 2008 World Series of Poker is off to a great start but when we look back in a few years I predict this will be the year everyone remembers. Already several professionals have told me that they expect this year to be: "the last big year for poker." Why? Well there a number of reasons.
First and foremost, the World Series of Poker is still an American phenomenon. Sure 87 countries were represented at the 2007 WSOP but 95% of the players over the seven weeks of the Series come from the U.S. Right now the U.S. economy is having some hard times. Gas prices are high, prices are up and the dollar is down. This may well be the perfect storm for poker.
Next, the television contacts that have fueled the poker boom are in jeopardy. The WSOP move of the main event final table to November is about ratings on ESPN. If that doesn't work, the decline will be confirmed. In fact, we may know before November just how strong the Series is performing just by watching the registration numbers.
There are other factors. The UIGEA in the States, the continuing trade squabbles among the EU nations, the restricted access to online gaming throughout the Far East, but the highlight of any poker year remains the World Series of Poker. There is no tournament that compares. We may never go back to main events under 1,000 players but the days of 6,000, 7,000, 8,000; those may be gone forever or at least we are on the verge of the Poker Eclipse of 2008.
The summer of 2008 will be long remember as the watershed year of the poker boom. Stay tuned, I will update you on this theme throughout the summer with the numbers and the comments from both players and other insiders who will be living and playing at the Rio for the next seven weeks.
