As of last Friday, PokerStars is active in the state of Michigan, its third state. So far, evidence suggests that the rollout has been just as successful as it was in Pennsylvania, where PokerStars, also that state’s lone regulated poker site, launched in late 2019.
In 2020 in Pennsylvania, PokerStars reported more than $35.8 million in revenue, in what was effectively year No. 1 for the market. Additional poker platforms are expected to launch in the Keystone State, but for now the show belongs to PokerStars.
With more than 12.78 million people in Pennsylvania, PokerStars was able to generate about $2.80 in rake per resident in 2020. Obviously not every resident can play, as you have to be 21 and older. That’s the same situation in Michigan.
If PokerStars Michigan can generate about $2.80 in rake per resident in 2021, that would put its estimated 2021 rake at just under $28 million. Michigan has more than 9.96 million people.
That would translate to average monthly rake of more than $2.3 million for 2021.