Internet gambling
Internet gamblingInternet Gambling
This essay will cover the subject of Internet gambling. 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 seize their assets if they step foot on American soil. Many companies are looking for ways around the laws. For example, in football, if they can get two people to bet on opposing sides, then their technically not gambling. The companies would only take 2.5% of the action. They would act as a middle man of sorts. On the security side, one company has started making personal card readers that they send to your house and you hook it up to your computer. The only reason gambling laws exist are so politicians 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 Internet gambling 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...
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