Between 1999 and 2003, says the study, while Indian casino gaming revenues increased 75 percent, global Internet gambling revenues increased by "an amazing 487 percent." Casinos and Internet gambling are also cutting into horse racing and card room revenues.
Internet and Wireless Technology Changing Gambling and Gambling Regulation, Says Study
While Indian casino revenues increase 75 percent, Internet gambling increases 487 percent
"Internet and wireless communications technologies challenge existing gambling markets and state and federal regulatory schemes," says Gambling in the Golden State: 1998 Forward a study requested by California Attorney General Bill Lockyer.
Between 1999 and 2003, says the study, while Indian casino gaming revenues increased 75 percent, global Internet gambling revenues increased by "an amazing 487 percent." Casinos and Internet gambling are also cutting into horse racing and card room revenues.
"For example," says the study, "bettors can play poker and wager on horses online, bypassing traditional card rooms and the pari mutuel wagering that supports horse racing. These communication technologies support multistate lotteries and allow bingo games to be hosted at multiple sites, creating larger prizes and more competitive games. International gambling companies headquartered in other countries compete in the American gambling market via the Internet, even though it is illegal."
Between 1999 and 2003, says the study, while Indian casino gaming revenues increased 75 percent, global Internet gambling revenues increased by "an amazing 487 percent." Casinos and Internet gambling are also cutting into horse racing and card room revenues.