Online Gambling

Online Gambling

Almost 10 million US citizens are currently involved in online gambling. Online gambling is a form of gambling that includes casinos, sports betting, virtual poker and betting games. It can be done anywhere and offers convenience to players. Unlike traditional casinos, online casinos don’t require the same structural components and offer higher odds of winning.

The United States government is currently investigating a company that provides Internet poker services. The company, K23 Group Financial Services, is alleged to be illegally accepting wagers from users in the United States. It is charged with violating 18 U.S.C. 1955 and the Unlawful Internet Gambling Enforcement Act (UIGEA). It also faces a civil lawsuit brought by the United States against it.

The federal government has been challenged on constitutional grounds. First Amendment questions have been raised, particularly as to the Commerce Clause’s power to enact laws. However, attacks based on the First Amendment guarantee of free speech have not gained much traction.

Gambling is a popular adult pastime. It is seen and promoted on television, radio and in print media. Conventional casinos require high-end furnishings, entertainment venues and large deposits. Online casinos provide a more convenient way to participate and offer a variety of payment options.

Teenagers are drawn to the excitement of gambling and the prospect of winning fast money. Losses can trigger financial anxiety and depression. They are also at risk for becoming addicted to gambling. It is estimated that half of the 16 million Americans who suffer from gambling addiction are teenagers.