The Truth About Online Gambling
Online gambling has been popular since the mid-1990s. By 1997, there were more than 200 gambling websites on the internet. A report by Frost & Sullivan found that revenues in 1998 reached $830 million. In the same year, online poker rooms were introduced. However, in 1999, the US Senate introduced the Internet Gambling Prohibition Act, which would have prohibited Internet gambling to U.S. citizens. A few years later, multiplayer online gambling was introduced.
The government has also taken action against Internet poker operators. In a case called United States v. K23 Group Financial Services, Internet poker operators were charged with violations of the U.S. law, including money laundering and the Unlawful Internet Gambling Enforcement Act. However, despite these issues, most states have legalized online gambling.
The first step towards preventing youth addiction to online gambling is to educate them about online gambling. For children, the online platform can offer an escape from real life, an identity building opportunity, and a source of entertainment. While kids of yesteryear only wanted to play video games and listen to music, today’s kids interact with a variety of digital devices on a daily basis.
Online gambling is legal in most states, although there are some restrictions in place. For example, some states only allow a limited amount of online gambling, such as sports betting, but others have banned it altogether. If you’re planning to play online, it’s best to check the regulations and licensing before you decide to make your first deposit.