Many Internet gambling sites either do not pay taxes to their home countries or pay lower taxes than land-based gambling establishments. According to David Stewart, in An Analysis of Internet Gambling and Its Policy Implications (2006,), two-thirds of Internet gambling operations are located in small Caribbean and Central American countries that provide little or no government oversight of the industry.

Christiansen Capital Advisors (January 9, 2006, ), which provides gambling analysis and management services, estimates that Internet gambling generated $21 billion worldwide in 2008, up from just $3.1 billion in 2001.Įxact figures on Internet gambling revenue are not known because the sites are not permitted to operate within the United States and because most of the countries that do allow them to operate do not collect or report revenue statistics.

Millions of Americans have gambled online, even though the practice is illegal. The first gambling Web sites launched in the mid-1990s and soared in popularity, particularly in the United States. Internet gambling is a relatively new phenomenon. THE DEVELOPMENT OF INTERNET GAMBLING ONLINE GAMES ONLINE GAMBLERS THE LEGAL ISSUES THE EFFECTS OF ONLINE GAMBLING

What is online gambling