Roughly 30,000 US players applied for a remission claim on their Full Tilt Poker balance and according to Twitter and online message boards, the first wave of payments was made today.
It's a day that many in the poker world are already calling “Green Friday”.
Americans have PokerStars to thank for the big payback. The online poker giant's acquisition of Full Tilt, part of a settlement with the Department of Justice worth at least $731 million, included funds to pay back all Full Tilt's US customers.
In addition to the $731 million mentioned above, PokerStars also footed the $184 million bill to pay back all of Full Tilt's non-US player balances.
Thousands of players are expected to be paid today with funds showing up as Automated Clearing House (ACH) deposits labeled “DOJ Poker Stars Pokerpay”.
Dan “Jungleman12” Cates Included in First Wave of Payments
Dan "Jungleman12" Cates, who was rumored to have one of the biggest outstanding balances on Full Tilt Poker, announced today via Twitter that the money has landed in his account.
Cates was a regular in the ultra high-stakes cash games on Full Tilt leading up to Black Friday and his account shows a net profit of more than $7.6 million since he began playing in 2008.
Cates is just one example of a massive infusion of funds to the US poker economy. Expectations are high for a positive impact on attendance at major live poker events like the 2014 World Series of Poker.
I MUST be dreaming. I got the wire for my FT balance. #Gardencity— Daniel Cates (@junglemandan) February 28, 2014