Brandon Ewing
Project Prospectus
Internet Gambling
During the nineteenth century, gambling in the United States has been very popular. It has been practiced using lotteries until it has been prohibited. However, gambling made a comeback in the 1920s, but it was not fully legalized in Nevada until the 1931. Today, with the growth of technology and the evolution of gambling, it is completely expected that gambling can occur on the World Wide Web. The first Internet gambling game was played in 1995 with only 18 online games. Now there is an estimate of at least 30 million people that practice gambling on the websites.
There are many types of gambling games on sites that people can play. Some of the traditional games include, card games like poker or blackjack, lotteries, and sports wagering. There is a recent type of gambling game known as proposition bets, where an individual can wager competition shows such as American Idol.
So how does Internet gambling work? Any gambler, who wants to play an online game, is required to setup an account with the website. The user can either use major credit or debit cards, private debit cards, which are distributed by small, private companies, online payment providers, wire transfers, or e-cash, digital money that is purchased from a provider. But for the most part, major credit card companies prohibit payments to online services, because of fraud and identity theft.
There are advantages and disadvantages to internet gambling. For the advantages, playing gambling games online saves many individuals a trip to places like Las Vegas or Mississippi, where casinos are legal. One can setup accounts for free, and the online community can ensure that the individual’s money is protected. Also, money does not have to be involved when gambling online. There are many sites where people can play for free without losing anything valuable.
Although the advantages of gambling online makes it...