U.S. Internet Gambling Back on the Table?
Despite political opposition to Internet gambling in the US, the falling economy and search for new tax revenues has legislators considering a re-deal.
worldwide gambling generated $370 billion in annual gross win—the amount retained by operators after paying out winnings—and online gambling accounted for $17 billion of that total.
the gross win from worldwide mobile betting services alone will exceed $1 billion annually by 2012.
“Gambling is essentially a recession-proof industry,” said the report’s author, Windsor Holden. “While there may be marginal reductions in the level of stakes amongst casual users, the overall appetite for gambling per se will be unaffected.”
According to the Alberta-based gambling news site, Gambling911.com, $13.6 billion was lost by gamblers in Canada in 2007, and two-to-one that take is growing.
comScore Media Metrix found that as of last November, online gambling was the ninth-fastest-growing category online.
Rolling the virtual dice…
Smart money is betting that Congress will repeal the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA) this year, or at least soon.
。。。worldwide gambling generated $370 billion in annual gross win—the amount retained by operators after paying out winnings—and online gambling accounted for $17 billion of that total.
the gross win from worldwide mobile betting services alone will exceed $1 billion annually by 2012.
“Gambling is essentially a recession-proof industry,” said the report’s author, Windsor Holden. “While there may be marginal reductions in the level of stakes amongst casual users, the overall appetite for gambling per se will be unaffected.”
According to the Alberta-based gambling news site, Gambling911.com, $13.6 billion was lost by gamblers in Canada in 2007, and two-to-one that take is growing.
comScore Media Metrix found that as of last November, online gambling was the ninth-fastest-growing category online.
