How much does Party Poker make?

[Guernica4000]

Has anyone ever figured out how much PP makes in a day from rakes?

Is it even possible to do an approximated mathematical calculation or are there just too many variables?

Just curious.

Thanks

[LINES]

I read somewhere on cardplayer.com forums that someone has guesstimated that PP makes around 7 - 8Million$ a day. It'd be hard to figure out exactly how much they make exactly.

[tomdemaine]

wait till they go public buy 1 share and you get the right to know any and everything you like. Ah capitalism.

[CardSharpCook]

[ QUOTE ]
wait till they go public buy 1 share and you get the right to know any and everything you like. Ah capitalism.

[/ QUOTE ]

um, not true. Do you see why?

[marcz908]

[ QUOTE ]
wait till they go public buy 1 share and you get the right to know any and everything you like. Ah capitalism.

[/ QUOTE ]

Except that they are run out of India!

[Nalapoint1]

IN current issue of INC. magazine feature article on Party Poker owners claim to have made $350 million pretax last year. Divide by 365=answer.

[tworooks]

Here's my shot:
sources are pokerpulse.com and also party poker (http://www.partypoker.com/games/rake.html)

All averages are over 24 hour period.

24-hour average number of ring games: 1502

Current number of ring games: 1980
<$10 = 777 or 39.24%
$10-$30 = 665 or 33.58%
>$30 = 531 or 26.81%

Average number of ring games: 1502
Total ring games with average pot of each, over 24 hours:
<$10 = 1502*39.24% = 589 tables with avg <$10
$10-$30 = 1502*33.58% = 504 tables
>$30 = 1502*26.81% = 403 tables

Total Players:
Current: 14,850
Average: 11,116

Players per table:
Current: 14,850(#of plrs/1980(# of tbls) = 7.5
Average: 11,116/1502 = 7.4

So we'll be using the rake structure for 6-9 players

Say 70 hands per hour on average.
Number of hands per day based on average pot:
<$10 = 589*70(per hour)*24(hrs in day) = 989,520
$10-$30 = 504*70*24 = 846,720
>$30 = 403*70*24 = 677,040

pokerpulse estimates $85,414,980 total in all ring game pots
85,414,980/2523360(number of hands per day) = $33.85 avg pot

This means a higher average in the >$30 range. We'll say $80 because it has to be really big because of more hands being dealt in the less than $30 pot range.

Average rake(pretty much a guess):
<$10 = $0.45
$10-$30 = $1.25
>$30 = $2.70

Total rake per table catergorized by avg pot:
<$10 = $0.45 * 989,520(hands per day) = $ 445,284
$10-$30 = $1.25 * 846,720 = $1,058,400
>$30 = $2.70 * 677,040 = $1,828,008

Total money brought in by Party per day for ring game tables: $3,331,692

That is way off according to another posters guess of 6-7 million made by cardplayer. Also, mine doesn't include tournament rakes. But still, a shitload of money. From ring game tables alone, $3,331,692 * 365 =
$1,216,067,580 per year

Also, obviously not included in the daily estimate are their expenses.


any comments on my math would be great.

[tworooks]

[ QUOTE ]
IN current issue of INC. magazine feature article on Party Poker owners claim to have made $350 million pretax last year. Divide by 365=answer.

[/ QUOTE ]

that probably has expenses such as software, employees, bonuses for players, rakeback taken out of what they brought in. OP is asking how much they bring in per day in rakes, not including their expenses.(i think thats what he was asking)

[Ianco15]

[ QUOTE ]
IN current issue of INC. magazine feature article on Party Poker owners claim to have made $350 million pretax last year. Divide by 365=answer.

[/ QUOTE ]
Party is bigger now.

[Richie Rich]

Rakeback deals.

btw- how's that illegal-underage-lunch money-casino-with-free snackies-thing working out for ya? /images/graemlins/tongue.gif