The online gambling craze has certainly hit the big time. In light
of the growing obsession with poker, advancements in broadband and
wireless technology and the temptation to strike it rich from a
PC, gambling is on the brink of its biggest year yet.
Although it's illegal, gambling is
one of the Internet's largest moneymakers:
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Nearly $10 billion in revenue will be collected by more than
2,000 gambling Web sites in 2005--that's up 40 percent
from 2004
-
Poker revenue is expected to double to more than $2 billion
and attract 1 million players a month
-
According to CasinoCity.com, Americans play at over 260 Web
sites, which is almost five times the number of sites in June
2003
-
About 3 percent of people gamble online at work, compared
to 2 percent in 2003
Popularity of Poker
The popularity in poker has further legitimized an industry once
regarded taboo. What's more, the fear that typically accompanied
online gambling is diminishing: The bigger, more reputable online
casinos are not going to rip people off and more individuals are
betting. Thus, virtual slot machines, bingo and roulette are getting
more business. Additionally, wireless technology advancements make
it simple for people to place wagers on sporting events from cell
phones and personal digital assistants.
In an attempt to curb the gambling craze, federal and state officials
have discouraged some banks from allowing their credit cards to
be used for cyberwagers. Though despite efforts, the steady rise
of online gambling only grows stronger.
USA
Today February 8, 2005
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