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Recession Gives Online Gambling a Boost

Worldwide online gambling revenues passed the twenty billion dollar benchmark for the first time in 2008, making a strong statement about not only the popularity of internet gambling, but also about the true depth of the global economic crisis. Land gambling destinations like Las Vegas, Macau, and Dubai have seen numbers plummet. Meanwhile, online slot parlors and other forms of casino gambling on the World Wide Web have experienced phenomenal growth. Global Betting and Gaming Consultants, an international research firm, has determined that more and more people are turning to the internet for leisure activities, driven to stay home by not wanting to spend much money on entertainment.

Gambling on the World Wide Web offers several draws for consumers living in today’s society. Budget value can’t be beat, of course – playing the slots at one’s favorite online casino costs none of the gas and transportation expenses, nor the lodging and dining costs incurred by taking a trip out to the nearest big casino. Convenience is another huge factor. You need not leave your home to access the internet, and the ease and variety of online casino play is never more than a few click of your mouse away.

Although online gambling is technically illegal in the United States and several software companies have barred U.S. gamblers from making bets, Yanks still contribute half of all casino revenue worldwide. With the anticipated repeal of the UIGEA, this number only stands to skyrocket. In that case, 2009 will definitely be another banner year for the world of internet gambling.

Back to March 2009 Archive.