Online Gambling- A New Addiction Of Millennial
Gambling has always been a part of the world, where people put their money on stake, sometimes even their life. This time, gambling has leveled up its game with the introduction of its online form. Online gambling is gambling happening on the web. As a generation of millennials who are busy in their work, online gambling serves as a source of pleasure without the need of going anywhere outside your home. You can remain at your place and gamble. Online gambling includes games like poker, lotteries, online casinos, sports betting, bingo halls, race tracks, etc.
How online gambling started?
It all started in 1994 with the introduction of gambling software made by micro gaming. It was in 1996 when the first online casino called the inter-casino came into existence. For the safe and secure transfer of money cryptologic software was used. By the end of 1990s onlinegambling became a brand in itself.
Is online gambling legal?
Online gambling has always been a topic of conflict. It is neither completely legal nor illegal. Some European countries like Germany, France, Spain, etc and nations like Japan, Philippines, Kazakhstan and few states present in the USA and Canada have legalized it, while some other countries are against it. As for now, there are in total seven countries present in the world which completely prohibit online gambling and have marked it illegal. The countries are Brunei, Kuwait, Lebanon, North Korea, Qatar, Singapore and the United Arab Emirates. In India alone there is too much confusion with its legalization but for it’s clarification we can say that online gambling is illegal and banned in India except in the states of Sikkim and Goa. Although some states have legalized lottery system.
Websites where you can do online gambling-
Currently, there are thousands of online gambling sites present on the web, enjoying major popularity but not every gambling site is safe and authentic. Before investing your money and time in any gambling site make sure it is not fake. Some of the most popular and used gambling sites are Bovada, MyBookie, Cheery gold, Vegas casino online, golden lion casino, BetOnline. The players here can be anyone above the age of 18. At present, the United States are contributing to 70 percent of its players.
How gamblers do money transactions?
Gamblers can do money transactions via credit cards, debit cards, money orders or cryptocurrencies like bitcoins etc. A player uploads money in the gambling companies then they play their chosen game and gets the winning amount if the game turn out to be in their favor. Usually cryptocurrencies are favorable for its transactions. Most loved games where players like to invest majority of their money are lotteries, electronic gaming machines and poker.
Online gambling is a worldwide business growing and evolving enormously. According to a recent study, the online Gambling industry has reached a turnover of $78 billion in the year 2019 and is expected to grow more in the upcoming years. Once a person develops the habit of online gambling it is worse than cocaine addiction, the gamblers are constantly stuck between the excitement of winning and the fear of losing.