Chris Moneymaker Parts Ways With PokerStars
Chris Moneymaker is after a 17-year-long partnership bidding team PokerStars farewell. Moneymaker has been sponsored by and affiliated with the Canadian Poker powerhouse brand ever since he won the World Series of Poker (WSOP) Main Event in 2003.
Moneymaker, who at the time of the surprise win worked full-time as an accountant, and won the event as an amateur, has explained his decision to step down as PokerStars brand ambassador as fueled by a desire to spend more time at home, and play a little less Poker. PokerStars, now owned by gaming giant Flutter Entertainment, has thanked the Poker pro for his work in his capacity as brand ambassador, saying that without Moneymaker, there’s no telling where the world of Poker would have been today.
The Moneymaker Effect
Christopher Bryan Moneymaker (his real name) in 2003 became the first person ever to go on to become a world champion after qualifying for a live event via an online Poker site. His sudden rise to prominence created the spark that ultimately lit the fuse of what would ultimately become known as “the Poker boom”, attributing to him a phenomenon dubbed the “Moneymaker Effect”.
During 2003, the year Moneymaker won the WSOP Main Event from seemingly out of nowhere, a total of 30 players qualified for the World Series on PokerStars. Exactly one year later, this number increased more than ten-fold to an incredible 316 – an incredible feat considering the total WSOP attendance in 2003 was only 839. By 2006, a phenomenal 8,773 players were involved in the Main Event of that year.
Even today, the period 2003 – 2006 is still regarded the most monumental era in the history of the game.
The Story Continues
Due to the passage of the Unlawful Internet Gambling Enforcement Act in 2006, Poker has since battled to reach even a semblance of the boom it experienced during the Moneymaker glory years. Even so, online Poker once again witnessed a crazy rise in popularity during periods of stay-at-home orders enforced in 2020. So much so that in the second quarter of the year, PokerStars reported an average daily customer increase of up to 70%.
According to a statement issued by Flutter, the company considered the key driver behind the increase in daily customers to have been a significant upswing in recreational interest across online Poker and online casino gaming products and offerings.