If you think the number of people involved in online gambling is small, think again. The restaurant industry makes $780 billion each year and online gambling is just a fraction of that. Everyone eats, and a significant portion of that food is spent in restaurants. That means that an average customer is worth $1000 or more. However, the average gambler is worth far more than that. So, is online gambling as lucrative as it is made out to be?
Many gambling sites offer free play to entice new users and allow people to practice. Once you’re ready to place a bet for money, you’ll need to register for an account with the site, input your personal information, and choose a user name and password. If you win, you’ll receive your money either electronically or through a certified check. Some gambling websites also offer cash prizes and bonuses for repeat customers. Online gambling has become one of the fastest growing industries in the world.
Although the legal status of online gambling in the US is murky at best, there are some positives to consider. For example, the Federal Wire Act restricts sports betting over “telephone-like” devices. Furthermore, the majority of top-rated online gambling sites are offshore, allowing them to operate legally and offer their services to US citizens. Additionally, most online gambling laws are on a state level. Thus, the legality of online gambling will differ greatly depending on where you live.