Gambling - PowerPoint PPT Presentation

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Title:

Gambling

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Other studies vary significantly and are mostly higher ... but the presence of internet gambling made it uncontrollable.' (web posting of an addict) ... – PowerPoint PPT presentation

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Title: Gambling


1
Gambling
...
on the Internet
2
Structure of Term Paper
  • Introduction
  • Types of Gambling
  • History
  • Internet Gambling
  • Types
  • Development
  • Risks Concerns
  • Benefits
  • Government Regulations
  • Conclusions

3
Types and Development
  • Customers are mainly
  • Male
  • English speaking
  • 30-80 annual growth
  • plus software and hardware business
  • Other studies vary significantly and are mostly
    higher
  • Online casinos and sports booking are the pillars
    of internet gambling
  • Digital divide also in internet gambling
  • Emerging markets are Europe and Asia

4
Risks Benefits
5
Government Regulation
  • 40 countries worldwide which allow gambling
  • Australia, Austria, Germany, Finland...
  • Off-shore countries (tax haven)
  • USA struggles bet regulation and banning
  • 40 billion tax revenue by state-run lottery

The government has as much of a chance of
banning internet gambling as the FAA has of
banning migrating ducks flying through commercial
air space. (Posting in a
gambling newsgroup)
It is impossible to stop people gambling on the
Internet, all you can do is to make it harder.
(The Economist 1999)
6
Conclusions
1. Internet Gambling will not substitute off-line
industry
  • betting will be mostly conducted via Internet
  • but casinos and lotteries will hold a big market
    share
  • overall growth

2. Trend toward regulation instead of banning
  • regulation (mostly through licensing) is the only
    way to generate budget to cover the social costs
    following from excess gambling
  • these social costs occur independent from any
    regulation

3. Social Problems will sharply increase
  • youth gambling and pathological gambling due to
    features of Internet

7
End of the story
I had control of my gambling behaviour, ...
...but the presence of internet gambling made it
uncontrollable. (web posting of an addict)
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