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The Facts About Online Gambling

By: Anthony Stringer BA (hons) - Updated: 11 Oct 2012 | comments*Discuss
 
The Facts About Online Gambling

Online gambling has become one of the biggest enterprises the Internet has produced over the past 10 years. In that time online gambling has seen an incredible influx of online gambling participants. This has been both invited and apposed and has been a thorough media subject for many years. And whether you are opposed to online gambling or welcome it with open arms you should be sure of the facts of this virtual world.

Many things have been said of online gambling, some true and some fictitious. Here are some facts for you to read to give you an insight into the world of online gambling.

Fact 1

Online gambling does not present higher possibilities of addiction. Unlike the casinos and sports betting, online gambling is monitored thoroughly. This does not suggest online gambling is an addiction proof way of gambling, it just means there is no greater risk of developing an abusive gambling habit than any other form of gambling.

Fact 2

Online gambling does not attract a higher percentage of underage gamblers. The online gambling industry monitors sites and (most) have some form of underage protection facility. However, like all other forms of gambling it is never guaranteed and therefore underage gambling is still present in today’s society.

Fact 3

There are around 2000 gambling websites available on the Internet. Since the rise of the Internet, online gambling websites have multiplied at an extraordinary rate with new companies creating sites all the time.

Fact 4

Not all online gambling websites are licensed by regulators. There are many sites that are not officially licensed and therefore can cause problems for the bettors. Always check that the site you are playing with is officially licensed.

Fact 5

The Gambling Commission. The Gambling Commission was set up in 2005 to regulate all forms of gambling. The commission protects children and vulnerable people of society from the dangers of gambling and since 2007 has been regulating online gambling.

Fact 6

In the UK 32 million people participate in some form of gambling. That is 68% of the adult population.

Fact 7

6% of the population participated in some form of online gambling. The National Lottery is the most popular form of gambling with 57% of the population participating.

Fact 8

Online gambling is currently the 12th most popular form of gambling, following on from such forms as the lottery, scratchcards, bingo and the football pools, to mention just a few.

Fact 9

Money spent on online gambling. In 1995 £1,367 million was spent on online gambling compared to £3,385 million in 2003. Money spent in 2008 on online gambling has been predicted at double that of 2003.

Online gambling has become a phenomenon over the past few years and although only a small percentage of the gambling community prefer online betting to other forms of gambling the industry is growing at incredible rate. The debate will continue and gambling will forever be featured in the media and in our society. So, whatever your opinion on gambling is, it is here to stay, especially with the inclusion of the Internet.

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