The Growing Phenomenon – Online Gambling
Online gambling is a new and growing phenomenon. It includes everything from casinos and sports betting to virtual poker and slot machines. The popularity of these games has skyrocketed over the past five years.
The online gambling industry has reached $21 billion in revenues in 2008 and $400 billion in 2015. There are many different types of gambling, including casino games, lotteries, bingo and scratch card games.
Gambling is a social and cultural activity that dates back thousands of years. In today’s modern world, however, it has become more sophisticated thanks to technological advancements. Most games involve a mix of skill and chance.
The Travel Act prohibits illegal gambling on interstate commerce. In addition, the Wire Act is a law against illegal betting on sporting events.
The first major multi-player Internet gaming event was the Liechtenstein International Lottery. Other notable gambling-related games include lottery and pool-selling.
Several states have enacted laws to protect their citizens from Internet gambling. However, the presence of an interstate element complicates enforcement.
One of the most notable attacks has been based on the Commerce Clause. For example, state officials have expressed concern that the Internet could be used to transport illegal gambling across state lines.
In the United States, the federal government has tried to rein in the gambling business through a variety of legal avenues. Although some attempts have failed, other efforts have been successful.
For instance, the Interactive Media Entertainment and Gaming Ass’n v. PayPal case was a significant one. In it, the company faced criminal charges for accepting financial instruments from an Internet bet.