The Growing Popularity Of Online Betting
Online betting is any type of betting conducted via the internet. This includes sports betting, casinos and virtual poker. The very first online betting venue to open to the public, was electronic ticketing for the prestigious Liechtenstein International Horse Racing Championship in 1994. In the following years there has been a steady growth in online betting across many countries. Today there are literally hundreds of betting websites operating on the World Wide Web.
The reason behind the growth of online betting is due largely to the fact that it is now allowed by law in most countries across the world. This was most recently recognized by lawmakers in the United States when the National Collegiate Athletic Association (NCAA) passed a bill that allows athletes in college to engage in sports betting via the Internet. The reason why this has become so popular is because of the profitability of online betting. For example, in the USA and Canada there are hundreds of people involved in online betting on sports. The amount of money which can be generated from online betting is huge.
Many states across the USA and Canadian governments are now debating whether online betting should be legalized. Some argue that since it is now legal in these jurisdictions there is no need to legalization it, others think that it will make it easier for authorities to crack down on illegal betting, while others believe that there is still need for it because of the huge profits that can be generated by people participating in betting. Whether or not the matter will be addressed in the coming years is not known but what is clear is that there are many politicians across the globe who are keen to have it legalized. Should the matter be legalized there is no doubt that online betting would become a huge phenomenon across the globe.