Internet Cambling Could be a Pen of Confusion
Internet gambling is a $12 billion industry. Our appetite to wager on sporting events and casino games is apparently insatiable. I say our appetite because I seriously doubt if just one person with a computer and a love for gambling is responsible for taking the industry from $3 billion in 2001 to where it is now.
To give you a comparison, the entire pornography business in the United States brought in $12.6 billion in 2005, with about $2. 5 billion generated through the Internet. Everyone talks about how big the online porn industry is. I've got news for you - the Internet portion of the gambling industry alone is now as big as the entire porn industry in this country.
And the revenue estimates are projected to double by 2010. But wait, you ask. Isn't online gambling illegal? Well...yes, and no, kinda, sorta, maybe. Who knows? If Congress and the states are considering a new set of laws making it illegal, then it must be legal, right?
June 6, 2006
Posted By Skip Davis
Staff Editor, CasinoGamblingWeb.com
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