Net Gambling Sales to Double
By maddy
Thanks to the Internet, the user-friendly PC at the mouse click and keyboard strokes, you can bet on a sports game, spin a virtual slot machine reels, play poker, match your wits at a card game with anyone anywhere in the world or take a hit in blackjack - in short what can be done offline can be done online. Not to mention, it's cheaper to play online than fly down to Vegas or your local casino which include fuel costs, commuting time and get a sacred parking space.

In a report it projects that e-gambling revenues could more than double to $12.6 billion in three years, by 2005. Proposed federal legislation would ban U.S. financial institutions from processing Internet gambling transactions, but industry proponents balk.

Much of that money flows out of the U.S, the world's biggest source of online gamblers, according to the report where Internet gambling is illegal. Funds flow to offshore Web site operators in countries around the globe that have legalized Internet gambling, some in obscure island countries with weak regulation, others in the United Kingdom and Australia with tough online gambling rules. Internet gambling proponents want to legalize, regulate and tax the industry in the United States, as states do with land-based casinos from coast to coast.

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