A Literature Review of Online Gambling
Increasingly, internet gambling is being used for a variety of purposes, including sports betting, casino games and other forms of recreational activity. In the United States, state laws govern most aspects of wagering, while federal law reinforces state law in cases where the two are in conflict.
There are a number of benefits to gambling online. This includes convenience, speed and the ability to bet on a wide variety of betting products. However, it’s important to remember that there are also potential risks. These include pathological use and the possibility of financial exploitation. In addition, the sheer quantity of wagering options offered by the internet has created the risk of excessive gambling.
A thorough literature review was conducted to evaluate the major trends in the world of internet gambling. The results of this analysis are summarized below.
The most notable feature of online gambling is the ease with which it can be accessed. Its popularity soared from fifteen websites in 1996 to more than two hundred in 1997. The growth has been fueled by technological advances that allow users to access the internet on a variety of devices.
The CRS Report RS21984 is the abridged version of a report commissioned by the General Accounting Office, which now resides in the Government Accountability Office. The report contains citations to various gambling related statutes. The text of the cited statutes are included in the report.
The United States has a slew of statutes implicated by illegal Internet gambling. Those include the following: