Panel: Norwegian gambling monopoly legal

Norway may establish a gambling monopoly in an effort to control problem gambling, a European Free Trade Association panel said Wednesday.

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Wed, March 14th, 2007

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Interesting gambling facts:

  • During the 1950s, the Senate Committee to Investigate Organized Crime in Interstate Commerce held a number of hearings on criminal influence in the casino industry. The committee was chaired by Senator Estes Kefauver, and the committee is also known by his name.
  • The current wave of legal lotteries started in New Hampshire, spread to other North-Eastern states, and then across the nation.
  • In 1973, the Commission on the Review of National Policy toward Gambling was created to study gambling in the United States.
  • French mathematicians Pierre de Fermat and Blaise Pascal explored the mathematics of gambling, leading to the formulation of Pascal's theory of probability in 1654.