The Growing Trend of Online Gambling
While many observers are not enamored with Online Gambling, the fact is that it’s the fastest-growing form of online entertainment. The World Trade Organization has stepped in to keep the gambling industry honest and safe. It also oversees trade agreements between countries. Since the 1990s, the World Wide Web has changed dramatically. Many online gambling sites operate without regulation, and U.S. regulators have become tougher, smarter, and more effective.
Online gambling websites have become popular in recent years. By 1997, there were already around fifteen gaming sites. A Frost & Sullivan report reported that online gaming revenues exceeded $830 million that year. The first online poker rooms were launched, and the Internet Gambling Prohibition Act was introduced in the US Senate in 1999. The growth of the industry spurred the introduction of multiplayer online gambling. The Internet Gambling Prohibition Act would have banned online gambling for U.S. citizens.
The study also found that high school-aged males had a slight increase in their Internet gambling activity compared to high-school females. However, the difference between males and females was minimal, with females gambling less than their male counterparts. The research also showed a sharp increase in offline sports betting. While offline sports betting has been growing for decades, online betting has become popular in recent years. These sites are increasingly popular with Americans and are one of the safest ways to gamble.