Online Gaming Entices New Casinos
After watching the fortunes of online casinos soar fivefold in as many years, an extraordinary winning streak with no apparent end in sight, Las Vegas casino giants want Congress to study letting them in on the action. A gambling industry survey indicates that U.S. gamblers who bet online, which is illegal in this country are young, savvy, college-educated men with money to burn.
But even as the industry wants to create dot-com casinos, conservative members of Congress were pushing last week to strengthen the ban on Internet betting, and were buoyed by a public opinion poll that showed growing concern about gambling. The Pew Research Center released poll results last week showing that 70 percent of Americans think legalized gambling encourages people to gamble more than they can afford, up from 62 percent in 1989.
Online gaming catapulted onto the scene this decade, skyrocketing from a $3 billion industry in 2001 to a $15 billion jackpot last year.
May 31, 2006
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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