Online Gambling

Unlike in-person casino gambling, Internet gambling is carried out through computer programs. Players can place bets and withdraw their winnings, though some games can be played online and others must be accessed on a local computer. Usually, a user will be required to register with an online site, provide personal information, and create a password. In some cases, players will also be required to download software.

Many online casinos offer bonuses to new customers. They usually range from five to twenty percent of a player’s initial deposit. In some cases, a player will be given a prize for repeat business.

The U.S. Department of Justice has attempted to estimate the size of the online gambling industry. It has been reported that the Internet gambling industry is worth more than $3 billion. However, analysts are divided as to the exact number.

The United States does not tax Internet gambling, and many online gambling sites pay less tax than land-based casinos. State governments do not receive licensing fees from online gambling sites, so they do not benefit. They do however, have to fund treatment programs for pathological gamblers.

In March 2005, the United States was the headquarters of more than five hundred gambling sites. In 2004, the WTO decided that the U.S. violated international trade agreements when it tried to stop foreign online gambling businesses from operating in its country.

The WTO also convened a panel to study the issue of whether the United States’ laws governing online gambling were adequate. They concluded that the US laws were insufficient.

Posted in: Gambling