The Growing Industry of Online Gambling
Despite being legally permitted in almost half of the United States, online gambling is a growing industry that is still in its infancy. According to the Gambling Commission, in 2020, the most popular way to access online gambling will be through mobile devices.
Several organizations offer help for those with gambling addiction. You can find them by searching the internet for “Internet Gambling Addiction Help” and your state’s name. Likewise, you can contact your primary care physician if you believe you or a loved one is suffering from a gambling problem.
Gambling is a popular pastime among adults. Teens often engage in it to relieve boredom and for the hope of a big win. However, losses can lead to financial anxiety and depression. Often, teens sell or steal possessions to pay off debts.
Online gambling has grown rapidly over the last decade. This is largely due to the increased availability of smartphones and the increase in internet accessibility. In fact, in 2011, online gambling was the fastest growing category of internet-related activities. The gambling market in the United States is primarily made up of sports betting, poker and casinos.
The gambling industry is not without controversy. For example, the United States v. K23 Group Financial Services, an Internet poker operator, was charged with 18 U.S.C. 1955 violations, UIGEA violations, and money laundering.
However, these are not the only laws involved in the gambling industry. In fact, the number of states that have legalized some form of gambling has grown to 48.