Discussion

Despite blow, online betting still strong

Updated: May 25, 2011, 11:29 AM ET
By Chad Millman

Five weeks ago, the Internet gambling world endured what I'd like to call The Reverse Rapture.

Rather than the Almighty beaming web-wagering pros up to heaven, it was the Department of Justice that sucked online poker companies and some of their bosses into the abyss. In the industry they called April 15 Black Friday, and it marked the day that PokerStars, Full Tilt and Absolute Poker ceased to exist in the United States. Citing bank fraud, money laundering and illegal gambling, the U.S. Attorney for the Southern District of Manhattan seized the companies' domain names, indicted 11 of their top execs and essentially shut them down.

Since then, the questions for those remaining post-Reverse Rapture have been: What would happen next? Would it touch on sports?

Now we know the answer. Kind of.


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