The business of online gambling spans the globe and touches every
corner of the United States. Worldwide, online gambling is increasingly a
legal and regulated activity that generates almost $30 billion of revenue a
year. In the United States, public policy on the subject has been
schizophrenic. Online gambling is presently being conducted domestically
for pari-mutuel betting on horse races and for state lotteries, yet
government policy has been hostile to other forms of online gambling, and
has included criminal prosecutions of online gambling operators and their
payment processing partners. Despite this government opposition, millions
of Americans spend $4 billion every year to gamble online. Prosecutions
against online gambling operators have driven the more responsible
offshore operators out of the U.S. market, leaving Americans to conduct
their online gambling through largely unregulated websites.
Read entire article here
corner of the United States. Worldwide, online gambling is increasingly a
legal and regulated activity that generates almost $30 billion of revenue a
year. In the United States, public policy on the subject has been
schizophrenic. Online gambling is presently being conducted domestically
for pari-mutuel betting on horse races and for state lotteries, yet
government policy has been hostile to other forms of online gambling, and
has included criminal prosecutions of online gambling operators and their
payment processing partners. Despite this government opposition, millions
of Americans spend $4 billion every year to gamble online. Prosecutions
against online gambling operators have driven the more responsible
offshore operators out of the U.S. market, leaving Americans to conduct
their online gambling through largely unregulated websites.
Read entire article here