ONLINE GAMBLING PAYS OFF.
In less than a decade, the online gambling Online gambling is a general term for gambling using the Internet. This article provides a brief introduction to some of the forms of online gambling, as well as discussing general issues. industry has morphed from unheralded walk-on to a multibillion-dollar-a-year powerhouse, reports Newsfactor.com (March 29, 2002). Interactive Web sites instantly accommodate gamblers betting on sports teams or playing such casino games Games available in most casinos are commonly called casino games. In a casino game, the players gamble casino chips on various possible random outcomes or combinations of outcomes. Casino games are available in online casinos, where permitted by law. as poker and roulette roulette (rlĕt`), game of chance popular in gambling casinos, and in a simplified form elsewhere. In gambling houses the roulette wheel is set in an oblong table. . Authorities have tried to crack down with targeted prosecutions. But technology has all but trumped federal and state law. And U.S. congressional efforts to enact a tougher anti-gambling law have been bogged down in disagreement:
Roughly 1,400 Web sites run by about 300 companies have launched since 1995, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Christiansen Capital. The firm projects that gross online sports wagering wa·ger
a. An agreement under which each bettor pledges a certain amount to the other depending on the outcome of an unsettled matter.
b. A matter bet on; a gamble.
2. for 2003 will reach US$63.5 billion. Last year, gamblers worldwide lost about $3 billion at online sites. By comparison, gamblers at Nevada and New Jersey casinos lost US$13.8 billion;
Antigua -- a Caribbean island where online gambling is legal, Government-regulated and a major employer -- is home to more than 100 online wagering sites. Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. , boasting far looser restrictions, also has welcomed more than 100 operations. Sports fans eager to bet on their favorite team simply establish a personal account with one of the offshore companies;
About 30,000 people, almost all from the USA, have become regular bettors with Antigua-based World Sports Exchange. Each customer sends the company $300, payable by credit card or bank check. In return, the company assigns account holders a password used to place bets, check account balances and review transactions. Winning bets are deposited in the accounts. "If you want to withdraw money, we'll FedEx you a check overnight," said a company official.