Online Gambling: The Internet’s Multi-Billion Dollar Bet

Chris Ferguson ( #100 on our list of the 100 Most Creative People in Business ) and other poker pros are in Washington D.C. this week to sweet talk members of Congress into lifting a three-year-old ban against online gambling in the U.S. If their cajoling works, Internet gambling may play a hand in stimulating the economy and raking in billions of tax dollars. Earlier this month, Goldman Sachs …

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Thu, July 23rd, 2009

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  • The name blackjack came from an early bet (since discontinued) that paid 10 to 1 if the player got a jack of spades and an ace of spades, both black cards, as the first two cards.
  • Lotteries, along with their close derivative bingo, are the most popular kinds of gambling. The popularity of lottery games is not limited to state-run lotteries. Indian tribes run lotteries and illegal lotteries still exist.
  • In 1891, Sittman and Pitt of Brooklyn began to manufacture the first nationally known poker card machines. The machines maintained their enormous popularity until just before World War I.
  • Gaming is now the States' favorite pastime. More individuals gamble than the combined total of those attending movies, sports, music events, theme parks and live entertainment.