Online Betting Industry Growing at Record Breaking Speeds

Online betting is any type of betting conducted via the internet. This includes sports betting, online casinos and virtual poker. The first online betting venue opened to the public, was Ticketing for the infamous Liechtenstein International Poker Tournament in October 1994. Online betting is legal in all fifty states in United States of America and many other countries around the world including Ireland, Malta, Switzerland, Cape Town, Australia, Dubai, Singapore, Hong Kong and many more. In addition online betting is now a billion dollar industry that offers all kinds of exciting prizes and incentives.

online betting

The reason that online betting has become so popular and well established is the overwhelmingly positive feedback that it receives from all over the country, especially in major cities with large populations. All over the legislature is receiving tremendous support from constituents who see online betting as a means to protect their state’s gaming interests. In fact there are now three congressional representatives who have introduced bills to eliminate the ban on internet gambling. This is a remarkable development considering that most representatives rarely stray from their voting party lines. Nevertheless, this represents a huge step forward in bringing common interest together in the halls of Congress.

The online betting world is still relatively new compared to other types of online business and sales but the future looks very bright for this industry. Already there are numerous websites that allow individuals to take wagers on sporting events, boxing matches, soccer games and other types of non-gaming related events. Many states have already taken action and are working on developing further legal protection for online sportsbook operators by passing what are called anti-gambling laws. Other states are mulling over the idea of developing their own online gambling laws and making it illegal to conduct sports gambling on their states facilities.