Difference between revisions of "Online Gambling"
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| − | + | Online Gambling can take many different forms, including but not limited to: poker, casino games like blackjack and roulette, sports betting, bingo, and even novelty betting (anything from gambling on the next president of the U.S to what the weather will be tomorrow). <ref>https://www.entrepreneur.com/article/288918</ref> The online gambling market, worldwide, has grown from just under $25 billion in 2009 to a projected $56 billion in 2018. <ref>https://www.entrepreneur.com/article/288918</ref> However, the roots of this industry through online mediums can be traced back to 1994 when the Free Trade & Processing act was passed in Antigua and Barbuda. This act allowed the country to offer licenses to private companies or individuals who wanted to start online casinos. <ref>http://www.bestcasinosites.net/gambling-history/</ref> While there are clearly benefits of online gambling in terms of economic growth and increased tax revenues, there are also ethical concerns that prevent lawmakers from passing legislation to allow it. | |
| + | |||
| + | ==Benefits of Online Gambling== | ||
| + | Regular brick & mortar casinos can lower unemployment, generate tax revenue, and even increase local retail sales. <ref>https://www.stlouisfed.org/publications/bridges/winter-20022003/casinos-and-economic-development-a-look-at-the-issues</ref> | ||
| + | ===Convenience=== | ||
| + | With thousands of different gambling websites and countless ways to wager money, gambling becomes convenient and applicable to many different demographics. Individuals may not live near physical casinos and even if they do, the online space offers more ways to gamble all from the comfort of ones home. No longer do players have to dress up, drive long distances, pay for parking, or worry about getting robbed of their winnings on their walk back to their car. <ref>https://www.casino.org/benefits/</ref> | ||
| + | ===Privacy=== | ||
| + | Brick & mortar casinos are by nature public places. If one has the desire to wager large sums of money, they will undoubtably receive attention. The online space allows players to stay out of the public eye while having the ability to play in bed if they desire. | ||
| + | ===Variety of games=== | ||
| + | When one goes to a physical casino, they are limited to the games that the casino offers. Online gambling sites often have hundreds of games including: multiple versions of poker, blackjack, slots, roulette, and keno. <ref>https://www.casino.org/benefits/</ref> Players are also not limited to one website. This gives players access to pretty much any way they want to wager money and the ability to play multiple games at once. | ||
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| + | Online gambling is one of the most profitable businesses on the internet. Profits are rising year over year and the industry is a helpful asset to the global economy. | ||
Revision as of 22:33, 18 March 2018
Online Gambling can take many different forms, including but not limited to: poker, casino games like blackjack and roulette, sports betting, bingo, and even novelty betting (anything from gambling on the next president of the U.S to what the weather will be tomorrow). [1] The online gambling market, worldwide, has grown from just under $25 billion in 2009 to a projected $56 billion in 2018. [2] However, the roots of this industry through online mediums can be traced back to 1994 when the Free Trade & Processing act was passed in Antigua and Barbuda. This act allowed the country to offer licenses to private companies or individuals who wanted to start online casinos. [3] While there are clearly benefits of online gambling in terms of economic growth and increased tax revenues, there are also ethical concerns that prevent lawmakers from passing legislation to allow it.
Benefits of Online Gambling
Regular brick & mortar casinos can lower unemployment, generate tax revenue, and even increase local retail sales. [4]
Convenience
With thousands of different gambling websites and countless ways to wager money, gambling becomes convenient and applicable to many different demographics. Individuals may not live near physical casinos and even if they do, the online space offers more ways to gamble all from the comfort of ones home. No longer do players have to dress up, drive long distances, pay for parking, or worry about getting robbed of their winnings on their walk back to their car. [5]
Privacy
Brick & mortar casinos are by nature public places. If one has the desire to wager large sums of money, they will undoubtably receive attention. The online space allows players to stay out of the public eye while having the ability to play in bed if they desire.
Variety of games
When one goes to a physical casino, they are limited to the games that the casino offers. Online gambling sites often have hundreds of games including: multiple versions of poker, blackjack, slots, roulette, and keno. [6] Players are also not limited to one website. This gives players access to pretty much any way they want to wager money and the ability to play multiple games at once.
- ↑ https://www.entrepreneur.com/article/288918
- ↑ https://www.entrepreneur.com/article/288918
- ↑ http://www.bestcasinosites.net/gambling-history/
- ↑ https://www.stlouisfed.org/publications/bridges/winter-20022003/casinos-and-economic-development-a-look-at-the-issues
- ↑ https://www.casino.org/benefits/
- ↑ https://www.casino.org/benefits/
