Essay writingon internet gaming
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Internet Gaming
Internet gambling represents one of the fastest growing segments of online activities with hundreds of websites providing users the opportunity to place bets on anything, ranging from casino games to sporting events. Billions of dollars in bets are placed each day in online gambling.
The gambling industry is estimated to gross around $40 billion a year. Majority goes to the government in some form or another and one of the 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 enter the United States. Many companies are looking for ways to go around the laws. For example, in football, if they can get two people to bet on opposing sides, then they are 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.
Internet gambling represents one of the fastest growing segments of online activities with hundreds of websites providing users the opportunity to place bets on anything, ranging from casino games to sporting events. Billions of dollars in bets are placed each day in online gambling.
The gambling industry is estimated to gross around $40 billion a year. Majority goes to the government in some form or another and one of the 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 enter the United States. Many companies are looking for ways to go around the laws. For example, in football, if they can get two people to bet on opposing sides, then they are 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.
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