“We are already seeing signs of successful online gambling brands separating themselves from slot games the rest of the pack,” said Calvin Ayres, an online casinos tycoon and recent cover star on Forbes Magazine.
Online casinos have enjoyed unbelievable growth on the Internet in recent years, and this explosive expansion has come with much scrutiny and has created quite slot games the crowded marketplace. The current state of online casinos is healthy and ripe with new developments and news. The industry is always exciting.
Many websites now cater to betting, and the poker craze that has hit online casinos shows no signs of slowing down. Continued consumer interest in sports slot games gambling, with such high profile events as the Super Bowl, soccer’s World Cup, and the NCAA March Madness Tournament attracting bettors, online casinos continue to experience great times.
Despite the good news for online casinos, and the increased profits and buzz, new debates over the legality of casinos on the internet and the morality of Internet gambling are underway. The U.S. House of Representatives is set to vote slot games on a bill that would curb Internet gambling and severely cripple the online casinos and the means by which consumers deposit and withdraw their money in the over $12 Billion dollar a year industry.
It is still currently against the law to operate online casinos within the United States, but while it may be illegal to operate the casinos inside US borders, this has not slot games stopped millions of Americans from playing at casinos online and visiting these offshore gambling sites.
Many online casino experts think that the U.S. must accept the regulation of these websites.
Online casinos create a fortune of revenue through high-class, start of the art technology and powerful imagery, combined with the recent increase in gambling and slot games love of betting with disposable income that has seen an upswing over the past decade.
Worldwide online casinos revenues rose from $8.5 billion dollars in 2004 to $10.9 billion dollars in 2005, according to a recently published report by eMarketer, a New York-based company that researches online casinos and their revenues.
eMarketer also reported in their paper, “Online gambling: Bet, Call or Fold,” that participation at online casinos within the U.S. has skyrocketed in the past few years. In July 2005 a survey was conducted that estimated slot games that more than 30 million Americans visited online gambling sites that month, more than doubling the 13.6 million people who frequented online casinos and sports betting sites in December of 2001.
Koleman Strumpf, a Professor of Economics at UNC at Chapel Hill, said that as people become more comfortable with using the Internet, and more acquainted slot games with the workings of the World Wide Web, the interest in online gambling sites will grow further.
“When there is a large demand for an activity,” the Professor noted, “supply will figure out a way to get around regulatory roadblocks.” Thus, since people love online casinos so much, the problems of legality will eventually be solved.
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