MONEY & MARKETING: Online gambling a murky challenge for the U.S.

Is online gambling legal in the U.S.? This question has become pertinent because of its growing popularity. Electronic commerce has flourished. We are all aware of the tremendous benefits of conducting business via this medium.

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Sun, July 2nd, 2006

Related Gambling News:

Do you know that:

  • Legal gambling operations in Washington reported $1.7 billion in net receipts in 2005: 61 percent was reported by tribal casinos, 10 percent came from the state lottery. 2 percent of responders in a February state survey said they placed bets online.
  • The first recorded betting games were played with marked disks or bones (the forerunners of dice), and spinning wheels or shields.
  • In 1973, the Commission on the Review of National Policy toward Gambling was created to study gambling in the United States.
  • Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.