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Internet Gambling - Online Essay

Internet Gambling

This essay will cover the subject of . Since this is somewhat of a new subject, my essay will include some speculation and guesswork on mine and others behalf. As of this moment the gambling industry is bigger than both the movie industry and the music industry combined. It's estimated that it grosses around $40 billion a year. Much of that goes to the government in some form or another. One of the many reasons people are starting to look toward the Internet is the fact that the companies can be based offshore and be free of taxes. The government can try to prosecute but the chances of them getting a conviction is highly unlikely, especially if they're a foreign citizen. They can only ...

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and government officials can make more money. It's all about power and control.
Many people still fear gambling on the Internet because of safety issues. They fear a hacker might break in and just keep letting himself win. Companies fear the Internet because they might come in too late and saturate the market with companies. It could become the same thing as what happened to Atlantic City. The companies that run the gambling can also cheat by writing in the programs to deal more 21's to the house. The governments biggest fear is that the technology has outgrown the regulations.
Some of the other new ways that companies are going to try to use the Internet are through interactive t.v. Home viewers can bet on live horse races through an interactive cable system that will be monitored by their computers. Their remote control can do it all. People wont even have to get up. Many experts fear that this may cause young people to become addicted to gambling early on. The Internet ...

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Internet Gambling. (2004, May 25). Retrieved April 23, 2024, from http://www.essayworld.com/essays/Internet-Gambling/8394

"Internet Gambling." Essayworld.com. Essayworld.com, 25 May. 2004. Web. 23 Apr. 2024. <http://www.essayworld.com/essays/Internet-Gambling/8394>

"Internet Gambling." Essayworld.com. May 25, 2004. Accessed April 23, 2024. http://www.essayworld.com/essays/Internet-Gambling/8394.

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PAPER DETAILS

Added: 5/25/2004 09:07:55 AM
Category: Miscellaneous
Type: Premium Paper
Words: 653
Pages: 3

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