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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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