How Much Money Do The Top Poker Sites Make?

1. Find rake in bb/100 for each stake on each site
2. Find # of hands played per year in each stake
3. Combine the two using mathematics
4. Subtract any rakeback they give back.
5. Answer your own question?

Is 2) actually public record?

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Maybe not, but probably estimable by pokerscout, etc. and some inference

Someone posted gg's balance sheet the other day in the superuser thread. Want to say it said around 7-10 million in profits for last year

No way that's accurate their rake is ridiculous. Pokerstars in their glory days was raking billions with fair rake.

Pokerstars is owned by a publicly traded company. Last I looked they had around 3.6 billion a year revenue and were not profitable from poker/online casino (everything except sports). If I had to guess I’d say pokers close to a billion of that. Can probably call up or email investor relations and get a better idea if u are that curious/want more accurate information.

About tree fiddy is actually close to accurate for PokerStars given the two sources I am going to post. In an above post, smoothcriminal99 says 3.6 billion a year in revenue last he looked. I haven't followed things in about five years for PokerStars, but last I remember PS was generating about 3.5 million a day in revenue. Maybe tree fiddy is really a poker axiom. So about five years ago, PS was making about 3.5 million a day in revenue and about two thirds of it was poker. So five years ago if my elephant memory is still intact has PS making about 2.4 million a day in rake.

Operating profit isn't the same as revenue from poker. They have to pay all their staff, marketing, infrastructure etc.

Profit on the balance sheet will be after all of those costs have been accounted for.

They did 854 million in revenue from Pokerstars and Betfair in 2023 minus PS US and Betfair UK and Ireland and had substantial profits

Have to factor in they sponsor Red bull F1 too - that would be a few million on its own

You counting their overhead? Flutter was very unprofitable last 3 years from what I saw real quick. I guess they could be spending on other divisions and poker is profitable but seems unlikely but I’m too lazy to go through financials deeply.

I wonder how much of their profits go towards Negraneu and other scumbags to shill for their site and do damage control when superusers get caught.

Just trying to isolate poker revenues as much as possible

this is waaaaay too low.

So if I'm reading that right, 177 million profit in a quarter, up 98% year over year.

Does that trade on the NYSE?

https://finance.yahoo.com/quote/PDYPY

The apples to apples comparison is the "pro forma" one because that includes Sisal that they bought for $2bln in 2022.

I dont know where i was getting my guess from. Here is the post. I cant even make it out much, anyone tell me/work out anything from this?

FWIW: In accounting, numbers in parentheses are negative. So instead of "-1" you put (1).

Do they have a sports book? Thats the only reason I could see cost of sales being so high. Their administrative expenses for a company with 25 employees is beyond insane.

Otherwise they don't really give you much to go off. Seems like they took out a ~23 million dollar loan to maintain liquidity

Seriously. Are we sure that's annual? For a site of that size, it sounds more like a monthly than an annual, but maybe the margins are tighter than I realized (or they're smaller than I realized).

SWC had a 2 million chip (91k USD) GTD series last month...

Just saying...not bad for a site with max 100-150 players.

cliffs:

these documents cover the canadien part of ggs operations which uses an irish subsidary to avoid paying barely any taxes. see starbucks for example. Seems there are at least two other big parts of the company..one based out of malta. my guess is these 3 to 5 regional subsidaries with there tax avoiding subsidaries all fall under one umbrella corporation which would be hard to see true profits across. the money movement is simple..its moving money around to reduce taxes and liabilities the most across all the split up divisions. thats why you have regions to begin with. it is suprising that the canadien portion lost money in 2022 and most of all in one line column. so something happened there...not sure what. but gg isn't designed to lose money in any region thats for sure.

Didn't they ringfence the most populated province in 2022?

A related question is how much money do the main LV poker rooms make /yr. ? Ive never seen an official answer to that question.