by Jerry "Jet" Whittaker

Jan 11, 2007

Internet casino gambling: the virtual version of gambling.

About online casinos:

The online casinos are also known as the virtual casinos or Internet casinos. They are the online versions of t5he the traditional brick and mortar casinos. The online casinos allow gamblers from the four corners of the world to play and gamble on the various casinos games over the Internet. There are lot of advantages of the online casinos and gambling through the Internet casinos. One significant advantage of the online casinos is that most of the online casinos offer odds and payback percentages that are higher when compared to the land based casinos. Also there are many online casinos that offer much higher payouts and prizes for games such as the slot machines in which the traditional land based casinos pay very less amounts as payouts. Apart from this online casinos have enabled gamblers to gamble from anywhere and anytime. Many gamblers can also sit back and do online gambling from the comforts of their home. The only difference is the atmosphere. In case of the online casinos the gamblers does not have to face the crowd and noise of the traditional land casinos but they can enjoy and gamble more concentrating mind.

Legal issues of Internet casino gambling:

The legal issues that surrounds the acceptance of Internet casino gambling mainly depends upon the law that has been enforced in that specific place or territory where gambling is to be done. For example in the United States of America there are certain acts that prohibits the electronic transmission of information for sports betting across the state boundaries. However there are indeed some states that has enabled and allowed gambling in any form. One such is Las Vegas where gambling in any form or type is accepted. There are even states and counties in many countries where online gambling legalization is taken in different aspects on the acceptance and licensing.  One of the most important factors behind this fact is the governments concern about money laundering in the Internet casino gambling. More over the anonymity of the transaction of money online makes it very difficult to trace the translations by the tax department. The regulation of the Internet casino gambling mainly depend upon this factor since most of the revenue from gambling is intended to escape from tax. This is why most of the organizations that runs the Internet casinos or other gambling organizations are based offshore.

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