What Is Online Gambling?
Gambling is a broad term that includes a variety of activities. Some people perceive gambling as a fun and exciting activity, while others see it as a threat to their well-being. Still, many people engage in gambling.
In a general sense, gambling covers games of chance and skill. It also encompasses lottery and pool-selling, bookmaking, maintaining dice tables and slot machines, and conducting games of luck. Various states regulate the different aspects of gambling, with varying degrees of success. The legality of online gambling is governed by both state and federal legislation.
There are many reasons why online gaming is a boon to both the casino industry and the individual gambler. For one thing, it expands the traditional casino experience by bringing the fun of Las Vegas to a cell phone. Another reason is the tax revenue it generates. Aside from the financial benefits, online casinos are also a job creation opportunity. Moreover, the proliferation of mobile devices makes gaming even more convenient.
Considering all of these factors, it is not surprising that the online gambling industry is growing rapidly. By 2008, the revenue from online gambling exceeded $830 million. While this number may seem small, it still equates to a significant portion of the overall gambling market.
Online gambling has been around for quite some time. Online poker was introduced in the late 1990s, and multiplayer online gambling has been available since 1999. However, online gambling has not yet reached the same level as real-world gambling.