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Gambling Online Resources
by Jerry "Jet"
Whittaker
May 17, 2006
Over the years, we have maintained the uppermost
standards when comes to bringing you the most up-to-date
information regarding top quality online casinos,
advanced online casino gambling software, the biggest
online gambling bonuses, and highest online gambling
payouts. To make the most out of your online gambling
experience, make certain to use the recourses provided
to you by all about Gambling. Online gambling is growing
in an incredible speed, while the history of the
industry is still as new as the Internet itself. The
world's first virtual online casino started operating on
August 18, 1995 with 18 different casino games, online
access to the National Indian Lottery, and strategy to
launch an Internet sports book. In all, according to
Rolling Good Times Online gambling magazine, there are
452 gambling-related sites on the web and more are up
and running each and every day.
Economics of the gambling industry
The economics of the industry are unbelievable. While it
may cost up to $300 million to build a new resort
casino, some virtual casinos were urbanized for only
$1.5 million and employ only few individuals as opposed
to thousands at traditional casinos. ICI approximates
that the company averages concerning a twenty four
percent profit margin, versus the typical U.S. casino,
which ranges eight percent to sixteen percent of each
dollar wagered. Interactive Gaming & Communications'
Sports International handled $48 million dollars in its
first year of 800 telephone line operations and ready
for an astounding profit.
More about the online gambling companies
Most of the online gambling companies are situated
outside of the U.S. to avoid government prosecution. ICI
operates out of the Turks and Caicos Islands and Wager
Net is based in Belize. Site users can either send cash
with the help one of the companies offering secure
payment methods for the Internet or open an offshore
account, a requirement for Americans to use some sites.
Bets can be as small as a nickel for certain slot
machines and go into the thousands of dollars. In total,
around twenty million people are at present on line with
a prospect of 160 million
online gamblers
by the year 2020. ICI has gone conventional over 40,000
registrations for its service since its beginning and
registers over 7,000,000 visits per month at its site.
With over $500 billion exhausted on legal and illegal
gambling in the U.S. alone in 1993, it's estimated that
over ninety percent of adults contribute in some form of
gambling. The overall market for online betting is
appraised at $49 billion worldwide.
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