Sports betting growing more rapidly than online casinos
05-30-2010
The fast expansion in online sports betting and poker are going to produce a new age group of problem gamblers, as said by experts.
Sports betting has been progressively taking more and more place online. It is increasing more rapidly than other types of gambling.
Whilst online sports betting is officially permitted, Australians are spending an about $1 billion a year on online casino games and poker. Most of these sites are not paying taxes nor officially regulated.
The increase of online gambling is indicating a regulatory pain in the neck for the federal government, as it considers suggestions to legalize the industry and the process to regain a huge amount of money currently being gained by offshore companies.
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