Gambling In The United States – The Domino Effect It Helped Create

Once just a gentleman’s game, U.S. gambling began its rise to the center of attention around 400 years ago. A time where gambling was the root of all evil, yet it could still help the colonies from financial issues. Deliberation over the subject went on for years and still is today, but gambling never stopped to wait for an answer. While challenges were being discussed, different forms of gambling were being created to stave off bankruptcy and other money problems.

The first company to hold a gambling lottery was a bank in Jamestown, Virginia, which’ of course’ was an instant success. It wasn’t like the state lotteries you see today, but still was beneficial for a short period of time. After awhile, England felt as though they weren’t making a profit from this form of gambling, so they ended up banning it from everyone. However, that wouldn’t last long as all thirteen colonies eventually were allowed to hold their own without question.

Four centuries removed, you can drive along the eastern states and see prestigious universities like Harvard, Princeton, and Yale that were all started by revenue created by state lotteries. As several other venues were being built thanks in part to U.S. gambling, greed started to as people in the colonies wanted freedom and independence from England. While this was over several issues, lotteries were one of the bigger issues never mentioned in history books.

Obviously the most prestigious form of gambling at the time, state lotteries weren’t the only U.S. gambling going on around the country. By this time, horse races had already been around since 1665, but most bets were between owners only and not of a spectator kind. Also making its mark on cities throughout the colonies in the 1800s were casino style gambling with cards and dice. As areas grew, so did the size of gambling halls and local watering holes where games could be played.

Then came the Mississippi River and everything it had to offer with barter and trading through several owners. Business this way was quicker, and several well known individuals met on riverboats to play some casino style gambling. This was the true introduction of the professional gambler. Winning enough money in small towns to play on the riverboats with the big boys was a common tale. After awhile, many were thought to be cheaters and many would perish at the hands of people who lost money to them.

Just as the state lotteries were part of the reason for the American Revolution War, it was the Civil War that ended the time of professional gambling in the 1860s. While not the main reason, it created a business stand still, which led to no traffic up and down the great Mississippi. For the next sixty years, gambling would be loved by many and hated by that many more. States that had good fortune would create gambling booms like in California and Nevada,

As years moved ahead, people like Al Capone and his mob used gambling money to front their businesses, while at the same time sports were becoming one of the major things to bet on during this period. Fast forwarding to the seventies, lotteries held around the country were making over a billion dollars on a annual basis. Gambling in the United States was considered a normal part of living and still is today.

Now we’re in the 21st century and the gambling business is booming with billions upon billions of dollars being made annually. The Super Bowl is the most anticipated gambling event each year, and land based casinos are popping up all over the country. Still, many Americans protest gambling due to family members who have ongoing problems with controlling their addictions. However, the future looks bright and the government will have a hard time trying to give up all the tax revenue that is made off of gambling alone.

Which brings us to the future, and online casino gambling. While the United States was one of the leaders in gambling online, President Bush tried to ban them from using debit cards that are bank issued to try to control the outbreak. It didn’t take long for U.S. players to realize that adding money to different accounts like Netteller or Moneybookers, then transferring it over may take a little longer, but the end result is the same.

There will never be a solution to gambling no matter if it’s online or offline, and others will always protest the morals and what it all stands for overall. A cat and mouse game that will never be solved, and while everyone continues to argue back and forth, the sport of gambling will only become bigger. Hurry, someone go check the odds on that, you might want to bet on it.

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How To Start Your Own Online Casino and Poker Gaming Business

Did you know that online gambling business is currently one of the fastest growing business categories in the world? The popularity of online gaming is increasing rapidly and this year has seen significant growth in Europe and Asia. In China and Malaysia, there are twice as many online gamers as there are Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report that they shop online.

Revenues in online gaming business rose from only $800 million to over $2 billion in 1999! By year 2010, it is estimated that online gambling industry will top over $16 billion in revenues! London-based Merrill Lynch analyst Andrew Burnett says online gambling could generate more than $150 billion in revenues by 2015.

Until recently small entrepreneurs had no chance of getting into the gambling industry, because of huge capital investments, gaming license acquisitions and legal red tape. The internet eliminated all the obstacles. You can now own and promote your own online casino, sportsbook and multiplayer poker room gaming business and generate revenues you’ve only dreamt about.

There are 3 ways to start an online gaming business:

1) Most Expensive – Design and implement all gambling software for an online casino, sportsbook and multiplayer poker room which could cost you millions of US Dollars. You will also need to obtain a gaming license to run your online gaming business, which requires approval from most governments. However, you will have full control of your gambling site, and full knowledge of the source code of your gambling software. In addition, no royalties are paid out to a gambling software development company.

2) Average – Become a Licensee of an Online Gambling Software Provider. This is a far less expensive option to start an online gambling business and you will receive all the gambling software and sometimes even the equipment necessary. It is also the most popular option for both licensed land-based establishments as well as entrepreneurs. Costs range from $30,000 to $350,000. The average licensing fees are around $150,000 (this usually includes marketing costs). In most cases a royalty is paid to the gambling software provider as a percentage of the monthly “take” or “drop” (gross profit). Usually the gambling software provider has payment processing (merchant account providers) already set up for a fully turnkey operation.

3) Most Affordable – Become a Sublicensee of an existing Licensee. This is the least expensive option to start an online gambling business. Costs range from $5,000 to $60,000. The sublicensee is responsible for all the marketing and receives a smaller percentage than a full licensee (2), because royalties paid to the licensee are much higher.

To legally operate online gambling businesses, online casino and poker room owners turn to sovereign governments in countries that permit online gambling and duly issue licenses for gambling operations. The casinos and poker rooms are registered as offshore gambling operations and in turn, the respective countries gain significant licensing fees and tax-generated revenues.

As Internet use spreads across the globe, online gambling business will continue to be one of most profitable online business opportunities of the 21st century.

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