Internet gambling is big business and growing.
Just consider the numbers: Consumers worldwide currently spend $12 billion a year on Internet gambling, a figure that is projected to jump to $24 billion by 2010.
Lawmakers, concerned by the popularity of online gambling, have taken measures to stem the industry's growth. Tuesday, the House passed a bill that would forbid online gamblers from using credit cards and other payment forms for settling Internet wagers. Supporters say online betting can create problem gamblers, while critics say the bill unfairly exempts the horse racing industry and state lotteries, and will be too difficult to enforce.
July 12, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Internet gambling is big business and growing.
Just consider the numbers: Consumers worldwide currently spend $12 billion a year on Internet gambling, a figure that is projected to jump to $24 billion by 2010.
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