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Online Gambling Guide by Jerry Whittaker…
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"I have put together an Online Gambling resource center that focuses on the best
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The benefit of Internet gambling


by Jerry "Jet" Whittaker
Nov 19, 2006

 

The benefit of Internet gambling

Various sectors of the so called gaming industry are excited about the prospects for widespread Internet gambling and chaffing at the regulatory constraints which are delaying its widespread introduction. The volume of legal gambling in the United States estimated as high as $500 billion dollars per year through inter net gambling. This works out to almost $2000 per person per year, so even a small fraction of this total is a healthy chunk of change. This gives new perspective on who really runs the Internet. This annual total could grow to $10 billion dollars within a few years. Internet gambling differs in many important ways from conventional gambling. Whether these changes are positive or negative depends upon perspective.

Internet gambling are the best

Today the state, local, or tribal government regulates the opportunities for legal gambling. If the people of a given region believe that casino gambling is harmful then it will be forbidden. If the people are given region believe that casino gambling is good for economic development, they can pass a law and must live with the consequences. But Internet gambling has no such geographic limitations. Anyone with a computer is a potential player and even in the most righteous community on earth. The problems of compulsive gambling will not go away, and indeed their effects will stay local. All the benefits, like potential profits, taxes and jobs will not stay local but instead get sucked off into cyberspace. There are some disadvantages too, like how do one know that the game was fair or perhaps the programmer decided to make the ball fall in the slot, which minimizes the amount, returned to bettors, instead of fairly picking a random number. If it was not fair, whom could one complain to? Expanding casino gambling from an enclave in Las Vegas into a nationwide gaming industry required a considerable investment in infrastructure and personnel. Massive hotels and powerful politicians had to be bought, the latter to help steer reluctant legislatures towards legalizing their business.  It is the established gaming industry that has the most to lose if Internet gambling gains a foothold in the hearts and minds of gamblers. Operating an Internet gambling site does not require a big room. Indeed, well-known establishments have no particular edge in building virtual casino. Instead, they face the prospect of their customers sitting home glued to their computer screens and play as long as they want from the comfort of the living room and enjoy the Internet gambling and its benefit.



                                     

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