The big buzz in the gambling industry concentrates on certain restrictions some areas are trying to place on online and internet sports gambling. The concept of fantasy sports has been around for a while. Back in 1961 a computer program was developed that planted the seeds for what would become Fantasy Sports. A group of friends took it to the next level of creating fantasy baseball leagues and dubbed the creation “Rotisserie Baseball” based on the eatery that had served the group lunch on the day that they finalized the rules and standards. It has only grown as the advancement of technology has grown and it is now a world wide sports addict [...]

New Jersey is one of the most populous places in the United States to allow casino-style betting over the Internet. The bill that was signed by Republican governor Chris Christie came with a lot of applause, and numbers edging into the billions for estimated profits for online casinos. That hasn’t been the case though, and those who are trying to cash in on the newly legalized market are pulling back some severely burned fingers.

What Happened?

There were a variety of different factors that weighed into the implosive failure of online gambling to perform in New Jersey, and the [...]

Let’s face it. It’s no secret that our unstable economy makes many things happen. Laid off? Need some extra cash? Got a project in mind that will be costly? Job not paying enough? These are some of the things that motivate people to gamble for a ‘quick fix’. U.S. Market research figures are hard to come by; global statistics are more available. One can only speculate that this is because the U.S. Is still grappling with the legalization of virtual, online, or iGambling. So far, only a few states have recognized it legally, New Jersey being the latest.

It would seem that casino market makers would [...]

Online Gambling Casinos at Risk: American Gaming Association Pulls out due to Heated Arguments between Casino Operators

The American Gaming Association, the agency that represents the U.S. Casino industry, will no longer support legalized gambling on the Internet in the United States. The step was taken in response to a heated debate among the major casino operators in regard to the legalization and regulation of online gambling in the U.S.

Only a few states in the U.S. Have actually made online gambling legal. New Jersey is one of these. New Jersey is being observed closely by gambling corporations. However, [...]