Internet gambling is one among the fastest growing sorts of gambling. Global Internet gambling expenditure is predicted to succeed in US$33.6 billion in 2011. This is often above worldwide movie box office revenues and represents 9% of the international gambling market. The rapid increase in expenditure of 354% since 2003 has occurred despite Internet gambling being prohibited in several key markets, including the US and China.
It also suggests that current regulation could also be somewhat outdated and ineffective as more and more people address this mode of gambling. Internet gambling is very accessible with over 2,400 sites available 24/7 through computers, mobile phones, wireless devices and even interactive televisions. Gamblers can now play casino games, bingo, cards and poker, back races, sports and even celebrity weddings using over 199 means of electronic payments without leaving the house. Increasing international jurisdictions are legalizing world777 Internet gambling and therefore the constant accessibility of online gambling has critical social implications. Gambling operators are using aggressive advertising campaigns to maneuver into new markets. Internet gambling appears to be particularly appealing to youth, who are gambling online at substantially higher rates than adults. Furthermore, Internet gambling appears to be associated with problem gambling, with rates of problem gambling three to fourfold higher among Internet gamblers than non-Internet gamblers, indicating that it's going to have a considerable social cost.
The anonymity of online sports betting poses a big threat to the integrity of sport in the lowest levels with increasing allegations of match-fixing and cheating. Estimates suggested that fifty of all bets on the 2010 FIFA World Cup were placed online, worth an estimated £500 million. These figures represent a 700% rise in online betting since the 2006 tournament and included many new players that opened online accounts. It's essential that appropriate responses are made by governments, industry professionals and therefore the public in response to Internet gambling.
This book will provide a comprehensive and up-to-date overview of Internet gambling, including the social impact and regulatory options. A worldwide outline will include the characteristics and features of the various sorts of Internet gambling, including the present market, and participation, and differences between Internet and non-Internet gambling. Specific regional considerations are going to be explored including regulatory responses and options. Importantly, the social consequences and costs of Internet gambling are going to be examined, including the impact of online gambling on sports, youth and problem gambling. Strategies for prevention and responsible gambling are going to be considered also needless to say trends.
