The Growing Industry of Online Gambling

Online Gambling

Until recently, online gambling was a deceptive endeavor. A number of scams afflicted the industry. Fraudulent gambling sites masqueraded as legitimate gambling destinations, and online gamblers were cheated out of their money. However, online gambling is now a lucrative industry with a market size of C$50 billion.

Besides being fun, there are many benefits to gambling online. In particular, it is a convenient way to gamble from home. Unlike traditional casinos, online gambling is available at all times of the day. It also provides a convenient means of claiming prizes.

The online gambling industry is constantly changing and adapting. In order to ensure legitimacy, gambling customers should only gamble on legitimate betting sites. They should also be aware of the security measures that the gambling site is using.

The first online gambling venue for the general public was the Liechtenstein International Lottery. A typical online casino will feature slot machines, blackjack, and poker. In addition, online gambling is increasingly popular on mobile phones.

A valid gambling licence is a surefire way to tell if a site is legitimate. The online gambling industry is also becoming more transparent. Gambling authorities keep tabs on the casinos and ensure that they follow standard protocols.

In December 2002, the General Accounting Office released Internet Gambling: Overview of Issues. The report outlines the various facets of online gambling. It also cites the various statutes involved in the industry.

The Liechtenstein International Lottery was the first online gambling venue to offer an interactive gambling website to the general public. Although the site offered the same games as a traditional casino, it did not engage in any of the illicit practices that plagued traditional gambling sites.