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On Friday, the Justice Department reversed its previous stand on the Wire Act - saying that it applied to sports betting but not online gambling revenue 2012 gambling - after years of hunting down online casinos like the billion-dollar-plus Full Tilt Poker.

Rick Bronson, chairman of U. Digital Gaming, said the change would give states the ability to legally operate online gambling beginning with poker and also sell lottery tickets the Internet.

Nelson Rose, Whittier Law School professor and expert on gaming law, called the Justice Department move a "major Christmas present for the Internet gambling community. In fact, Washington D. Steve Beshear is pushing for expanded gambling in his state. And in Illinois, there are hopes that online tickets will increase sales for the lottery.

Digital Gaming estimated that tax revenue for the states would be about 25 percent. He said online gaming would likely bring more visitors to casinos. This would be good news for Florida, where lawmakers are set to consider a measure to bring three casino resorts to the southern part of the state.

In New York, the governor is pushing for the legalization of casino gambling. Regarding Internet gambling, Rose said states would have to require strict regulations to prevent gamblers from becoming addicts and to ensure that minors do not participate. Keith Whyte, the executive director of the National Online gambling revenue 2012 on Problem Gambling, said there were a half a million youth ages with gambling problems.

He said that youth were already gambling online and that the industry mobile casino no minimum deposit not doing a good job preventing it. He advised states looking to jump into online gambling to first do a study on the current rate of gambling addiction among online gambling revenue 2012 and gambling adults to see whether there would be a spike.

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Online gambling revenue 2012 The Pros and Cons of Internet Gambling

Statistics and Studies from more than 18, Sources. The statistic shows the size of the global online gambling market from towith forecasted figures from to Inthe online gaming market had a volume of Online gaming industry - additional information Online gaming, or gambling, is the wagering of something of value, usually money, on the outcome of an event or game using the internet.

Online gaming includes such activities as poker, casinos where people can play traditional casino games, like roulette or blackjack, but onlinesports betting, bingo and lotteries.

Of these, casino games and sports betting make up the largest share of the market. The market volume of online gaming was forecasted to reach Inthe U. Despite the rapid growth of online gamingland-based gambling still dwarfs the internet activity.

Land-based gambling is split into roughly the same categories as online gaming. Perhaps the most commonly associated activity with gambling is visiting casinos. In a spring survey by Nielsen Scarborough, almost 83 million Americans admitted to having visited a casino in the past 12 months.

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Online Gambling & Broken Government

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