In the years following his return, Huffman was named in Fortune’s “40 under 40 in Tech” for 2020. Huffman returned to Reddit as CEO in 2015 where he has led the company through international expansion to new markets, sweeping updates to the platform’s Content Policy, and a full site redesign, while also growing Reddit to millions of daily users interacting across hundreds of thousands of communities. Magazine's “30 Under 30” list in 2011 and the Forbes “30 Under 30” list in 2012. While the pair's initial idea for a food-ordering mobile app called My Mobile Menu was rejected, Y Combinator founders Paul Graham and Jessica Livingston invited them back to build the front page of the internet, which soon led to the creation of Reddit.Īfter selling the company in 2006, Huffman co-founded the travel company Hipmunk and served as CTO where he was named to Inc. He and his college roommate pitched their first start-up to then-new incubator Y Combinator in 2005. Raised in northern Virginia, Huffman pursued his passion for programming from an early age and followed it through a computer science degree at the University of Virginia. On Reddit, there is a home for everybody and a place for everyone to dive into their interests. While WSOP has its own online bracelet series for MI, potential revenue for combined online pools during this period could be too significant to miss.Steve Huffman is the co-founder and CEO of Reddit, an online community of communities. It will run through July 18 in Las Vegas. WSOP has its 2023 World Series of Poker beginning on May 30 this year. There has been no timetable update for WSOP or BetMGM to be officially cleared for interstate play. However, the MGCB has requirements for the operators’ software to meet before it can allow them to combine pools with other states. Michigan officially joined the Multi-State Internet Gaming Agreement in May of last year. When will WSOP, BetMGM add interstate play in Michigan?īoth WSOP and BetMGM Michigan Poker have the door opened for interstate play on their online platforms. While the impact is unclear yet in terms of boosting Caesars revenue, it appears to be helping in terms of overall player pools.Īccording to GameIntel, WSOP jumped to over 400 average players per event, a current high among the online poker competitors across the US. Late in January, WSOP was the first to bring mystery bounty events to Michigan on its online product. Since April of 2022-January 2023, Caesars has tallied $59.6 million in revenue. WSOP has helped Caesars Casino MI see a boost in its revenue since it launched in Michigan on March 28, 2022.įrom January 2021-March of 2022 Caesars recorded just $25.9 million in revenue. That’s well ahead of PokerStars ($62.7 million). WSOP has a compact that has featured shared pools between Nevada, Delaware and New Jersey for nearly five years.ĭue to that, it remains the all-time online poker revenue leader in New Jersey ($97.1 million). While World Series of Poker has yet to crack the code for interstate play in Michigan, it’s no stranger to it elsewhere. WSOP benefitting from interstate play elsewhere That momentum shouldn’t stop anytime soon, as PokerStars now has weekly guaranteed prize pools of $1 million for Michigan and New Jersey players. It was also the first time it crossed $1 million in revenue since July of 2020. January marked the first time PokerStars had won the NJ revenue battle since May of 2020. Both competitors were just over $800,000. That took the top spot of the three online poker operators (WSOP, BetMGM). In January, PokerStars brought in $1.1 million in revenue. NJ does report its online poker revenue separately from its overall online casino revenue. Interstate play between Michigan and New Jersey also provided a boost for PokerStars in the Garden State. New Jersey also sees boost for PokerStars Through January, the traffic had more than doubled. Initial projections called for a 30-50% increase in PokerStars traffic in Michigan with intestate play. That was followed by $3.6 million in January.Īlong with it being a 64% month-to-month boost, the January total was the largest since December of 2021 for the operator. In January, PokerStars Casino MI saw a 64.6% growth in revenue from December 2022.ĭecember 2022 saw Stars report $2.2 million in revenue. So, while it’s hard to say just how impactful interstate play was for PokerStars, it certainly had an impact. The Michigan Gaming Control Board includes all online poker revenue in with its Michigan online casino numbers. Will interstate play continue to boost PokerStars? When will the other poker operators get in the mix? PokerStars MI online casino makes big revenue jump in January What resulted was a big boost in revenue for the online casino operator. PokerStars launched combined play for Michigan and New Jersey players on Jan. If January is any indication, interstate poker play can be a big asset for Michigan online poker operators.
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