The Rise of Online Gambling
While a decade ago, online gambling was a novelty, the state legislature is finally catching up and enacting regulations to protect consumers. But rogue operators still find ways to operate. In the United States, nearly 10 million people engage in online gambling each year, and the global industry is estimated to be worth $30 billion. In the US, the online gambling industry is worth approximately $6 billion annually. The Justice Department’s earlier stance against online gambling was now reversed.
The Internet Gambling Industry – Statistics from a recent survey by the Annenberg Adolescent Communication Institute show that more than 400,000 American male youths gamble for money on at least once a week, and 1.7 million of them gamble at least once a month. The popularity of online gambling has continued to grow, and more companies are launching every day. Nonetheless, the problem of online gambling addiction must be tackled head-on and supported by professionals.
Technology – Online casinos use web-based platforms that host the games and let the players play against the casino. To access an online casino, all you need are a computer, an internet connection, and money. Once you have a real account, you can place bets and win money. You can withdraw any winnings or add them to your account. In addition to computers and laptops, you can also play on your smartphone. Moreover, the Internet is compatible with almost every device and operating system.