Online Gambling was initially a way to circumvent government control of gambling and a convenient way to place wagers with no physical effort. Using offshore jurisdictions allowed online gambling operators to legally operate and offer their product to anyone. This gave everyone with a computer and a credit card access to gambling websites. The advent of online gambling led the Congress and Department of Justice to examine the regulation of this new business. As of this writing, there are no federal laws or regulations that prohibit online gambling.
Because of the high employment rates and revenue generation, many countries have legalized online gambling in some form. India has also made the process of online gambling legal in Goa and Sikkim. In addition, sports betting is booming due to a growing number of sports followers. Most sports betting is on baseball, football, hockey, and boxing. However, other forms of gambling are also legal and widely available. This article provides a general overview of Internet gambling research and the associated problems and symptoms.
France has recently proposed new laws to regulate and tax online gambling. The budget minister of France, Eric Woerth, has said that the new plans will expand the French gambling market to reflect the “Internet reality.” However, betting exchanges will remain illegal. If the French government approves online gambling, then the country may have a hugely improved online gaming industry. The market is predicted to grow at a CAGR of 11.5% between 2020 and 2027.