Online Gambling, Casinos to ‘Sweep’ U.S. in 2012

Steve Beshear is pushing for expanded gambling in his state. Nelson Rose, Whittier Law School professor and expert on gaming law, called the Justice Department move a “major Christmas present for the Internet gambling community.”

Regarding Internet gambling, Rose said states would have to require strict regulations to prevent gamblers from becoming addicts and to ensure that minors do not participate.

Bronson of U.S. Kentucky’s Gov. He said online gaming would likely bring more visitors to casinos.

Rick Bronson, chairman of U.S. “All we’re seeing is every single state proposing more and more legal gambling. In New York, the governor is pushing for the legalization of casino gambling.

“It’s money and [states] can’t raise taxes anymore and they can’t cut services anymore so they need a way to raise money and gambling seems to pay more tax,” Rose said.

Image credit: Karen Bleier/AFP/Getty Images

Forget the monkey or the rooster, 2012 could be the year of the gambler and experts say that while that would mean more money in states’ pockets, it could also put young people and adults at further risk of addiction.

I. Digital Gaming, said the change would give states the ability to legally operate online gambling beginning with poker and also sell lottery tickets on the Internet.

“In some ways, we’re concerned that when these existing industries expand [under the new Justice Department rule] they’re going to do the same shoddy job of enforcing that they’re already doing,” Whyte said.

He said that youth were already gambling online and that the industry was not doing a good job preventing it.

“States are looking to maximize revenue from gambling, but they also need to minimalize the social costs,” Whyte said.

He said that poker would likely generate $12 billion a year in revenue for states and that the lotteries – already a $60 billion to $70 billion business – would continue to grow.

Keith Whyte, the executive director of the National Council on Problem Gambling, said there were a half a million youth ages 12-17 with gambling problems.

On Friday, the Justice Department reversed its previous stand on the 1961 Wire Act – saying that it applied to sports betting but not online gambling – after years of hunting down online casinos like the billion-dollar-plus Full Tilt Poker.

According to a 2010 Morgan Stanley report, analysts said that allowing Internet gambling could bring in $5 billion.

He advised states looking to jump into online gambling to first do a study on the current rate of gambling addiction among youth and gambling adults to see whether there would be a spike.

“We are about to see this explosion of Internet gambling sweep across the nation,” he said. and Nevada are already poised to start online gambling, mostly poker. …

This would be good news for Florida, where lawmakers are set to consider a measure to bring three casino resorts to the southern part of the state. Digital Gaming estimated that tax revenue for the states would be about 25 percent. And in Illinois, there are hopes that online tickets will increase sales for the lottery.

. Gambling is seen as a painless tax, involuntary tax so it is an easy way to raise revenue without raising real taxes.”

In fact, Washington D.C

Research and Markets: Research Report – Global Online Gambling & Betting Market 2014

For example, a quarter of poker

players chose to bet on unregulated networks.

Companies Mentioned

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/pwjr2j/global_online)

has announced the addition of the “Global

Online Gambling & Betting Market 2014″ report to their

offering.

Product Information:

The major trends in online gambling and betting globally are mobile and

social gambling. For more information visit http://www.researchandmarkets.com/research/pwjr2j/global_online

Global Online Gambling and Betting Market 2014 depicts the latest trends

and developments in the field. Mobile gambling is expected to grow at double-digit

rates and to reach over 40% of the total online gambling market by 2018,

as the number of mobile gambling users increases by a hundred million.

- These market reports inform top managers about recent market trends

and assist with strategic company decisions

- PokerStars

In North America, online gambling was legalized in three US states by

early 2014, with online gambling revenues surging to millions in the

first months of legal operation.

- Betfair Group

Regional variations in legislation and acceptance of online gambling and

betting

The regulatory landscape on online gambling and betting is varied. In North America and major Asian

countries online real-money games are yet awaiting progress in

regulation. The

majority of Western European countries have some laws in place to

channel online gambling and betting. Among the findings of the reports

researchers is that the online gambling and betting segment is

increasing, enhanced by the spread of smartphones and tablet computers.

The authors observe: while land-based lottery and casinos still dominate

the gambling scene, online real-money gambling and betting are growing

rapidly.

- The author’s international employees research and filter all sources

and translate relevant information into English. In

Australia, which leads the world in terms of per person gambling, online

sports betting and gambling has been growing by over 30% annually, while

the growth of the total gambling market does not exceed 5%.

Regulation of online gambling and betting in Germany and Russia lag some

of their neighbours. This ensures that the

content of the original studies is correctly interpreted.

The spread of online betting and gambling is forcing governments to act

to regulate. As a result companies get a precise and unbiased impression of the

market situation.

Europe has been a leader in adopting regulation regarding online

gambling, but as the activity spreads, new measures are being enacted.

In France, online gambling and betting has been legal since 2010, but

many gamblers turn to illegal sites. Progress in online betting regulation in Germany is

expected in 2014, as several operators have applied for the first online

sports betting licenses.

. Total online gambling revenue in Italy

recently reached a high number in hundreds of millions of Euros, with

poker constituting the largest segment.

About Research and Markets

Research and Markets is the world’s leading source for international

market research reports and market data. The global online gambling market has a current value

estimated at a medium double digit number in billions of Euros, with

growth expected between +7 and 10% annually in the next few years.

The leading online gambling and betting companies worldwide include

PokerStars, Bwin.Party, William Hill Online, each of which annually

generate online revenues of over EUR 0.5 billion.

- Bwin.Party

Trends in online gambling and betting.

- 888 Holdings

- The analyses, statistical reports and forecasts are only based on

reliable sources including national and international statistical

offices, industry and trade associations, business reports, business and

company databases, journals, company registries and news portals.

In the largest Latin American market, Brazil, gambling and betting is

forbidden except for horse racing. We provide you with the latest

data on international and regional markets, key industries, the top

companies, new products and the latest trends.

- Ladbrokes

Online gambling is only starting to emerge in Africa. The first

regulated online gambling website in Kenya was launched in 2013. However, offshore gambling websites

are popular among Brazilian gamblers, who spend several hundreds of EUR

million annually on offshore sports betting sites.

Italy has one of the most advanced regulatory arrangements regarding

online gambling in Europe. In

South Africa, online gambling awaits legalization in 2014.

- The authors provide secondary market research: By using various

sources of information they ensure maximum objectivity for all obtained

data. In the USA, online gambling is legal only in three states

and in many Asian countries gambling and betting is allowed only in

casino resorts.

- Paddy Power

- William Hill Online

Online gambling and betting is spreading in the Asia-Pacific region

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