Tourney entries hit high

Apr 4, 2006 2:58 AM

Poker tourneys had their biggest year ever in 2005 as total buy-ins topped $376 million, according to the PokerPages Index.

Poker continued on its record setting pace to start 2006 with back-to-back record months. February buy-in dollars reached $25.8 million, the best February ever recorded.

That comes on the heels of the fifth biggest month all-time as January buy-ins grew 36% over those in January 2005 with buy-ins of over $38 million.

"There have been whispers among some within the industry who wonder if poker could continue to grow in 2006," said founder Mark Napolitano. "But, so far, 2006 has started out to be the strongest year ever in poker, breaking records in all three PokerPages Industry Index categories."

After growth of over 30% last year, player entries continued to grow in the month of February surpassing 2005’s record of 15,145 entries to become the all-time best February to date.

The month saw over 17,750 players enter into live tournaments. The Entrants Index sits at 117, this down from January’s index of 130. Overall, the year-to-date Entrants Index sits at 125.

The average buy-in per entry continues to creep up in February with an average of $1,451, another record high for the month of February; putting the Average Buy-in per entry index at 133.