Legal Online Gambling

Online Gambling

Legalized Online Gambling is fast-growing in many US states. According to a recent report by Research & Markets, the industry will reach $92.9 billion by 2023, with a compound annual growth rate of 11.6%. The list of states that have legalized online gambling is long, but most allow some form of wagering on sports events and poker sites. These states all have different regulations, so it’s important to know your state’s gambling laws before signing up for an account.

Although it’s not legal in all jurisdictions, it is increasing rapidly in the United States and around the world. The number of Internet gambling sites continues to grow, and the number of people participating in online gambling is rising fast. One Australian study found that 8.1 percent of respondents had played at least one form of online gambling in the previous four weeks. There are many other reasons why online gambling is becoming more popular, and regulated sites can offer more opportunities to gamble.

In the past few years, legislation to regulate online gambling has been drafted in the United States. Jon Kyl and Bob Goodlatte introduced a bill that sought to halt the growth of online gambling. This bill excluded state lotteries and horse races from regulation. Those bills have not been passed, but others have since been introduced. Barney Frank, a member of Congress, introduced HR 2046. This bill would amend the UIGEA to require licensing of Internet gambling facilities. Since then, several similar bills have been introduced.