Notes

Online Gambling and Tax Revenue in the First Half of 2009
Online gambling businesses consider summer as the "dead time". It's hot, and most people prefer to remain in bed rather than go out. This means that online gambling companies require other strategies to keep their business going. They provide generous bonuses during the summer months. In the winter months however, they provide less than generous promotions. The holidays, on the other hand are extremely profitable for online gambling businesses.

Legality of online gambling

There is some debate about the legality of gambling online. https://arpaddr.com have specific laws against it, while others have not yet granted licenses to online gaming operations. The United States Department of Justice is concerned about online gambling and the money laundering that can occur. It is difficult to track down transactions conducted over the Internet because they are not traceable.

The popularity of online gambling increased in the late 1990s. In 1996, there were just fifteen online gambling websites however by the end of the decade, there had been more than 200. According to an Frost & Sullivan report, the industry generated over $830 million in revenue in 1998. The first online poker rooms were established in 1998. At the time the bill was introduced in the US Senate known as the Internet Gambling Prohibition Act. The bill would have barred U.S. citizens from accessing these sites. However, the bill was eventually modified and adopted by President George W. Bush in October. Despite this setback, online gambling is back in the news.

In 2011, the Department of Justice issued an opinion with implications that went well beyond the legality of online lotteries. The opinion took the Wire Act to cover "sporting events" and excluded other types of gambling. This decision cleared the way for online casino sites and lotteries.

The minimum age requirement for online gambling

Online gambling is a rapidly growing industry, with revenues that exceed $46 billion in the US alone. This figure is expected to rise to $94 billion by 2024. The existing laws need to be updated to support this growth. While 18-year-olds can go to war the age of 18 is considered to be mature enough to be able to play online casino games.

Age requirements vary from one state to the next. For example in Australia, you must be at least 18 years old age to be able to play online. You must be 21 years old in order to gamble online in Portugal. This age requirement applies only to native Portuguese players. Players from the UK must be at minimum 18 years of age. In the United States, you must be at minimum 21 to be able to gamble with real money. However, there are a few exceptions to the rule, such as Minnesota, Idaho, and Alaska, where the minimum age is either 16 or 19.

The minimum age to gamble is different for each state. Federal law does not prohibit gambling for minors however states are able to legislate their own rules. Some states permit minors to place bets on cruise ships, while some ban it.

Tax revenue from online gambling

The first quarter of the year is proving to be a great time for tax revenue from online gambling. In the first six months of this year, the state of Nevada received $87.8 million in taxes, both local and state-wide, from online gambling, a rise from $34.7 million during the same time last year. The state estimates that online gambling can generate between $20 to 28% of the total tax revenue from casinos.

In October, online gambling produced a record $109.7 million in revenue, up 7.1 percent from the previous month. The figure includes free play revenue of $98.9 million and payments to the state of Nevada of $20.3 million. Since January 1st, online gambling contributed $220.8million to the state's budget.
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