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Study: More Gambling Problems Tied to the Internet29 March 2001ANAHEIM, California – As reported by the New York Times: "…For millions of Americans, Internet gambling is a reality. Around 5 percent of Internet users have gambled online -- 4.5 million Americans all told -- and 1 million do so every day, according to a study last year by the Pew Internet and American Life Project. "It does not matter that the activity is unregulated in the United States or, depending on the state the gambler is in at the time, even illegal or that some banks will not allow their credit cards to be used for online gambling. To players, Internet gambling is, above all else, convenient. "…It also means that they can win a lot, and quickly. "…A Web gambler's risk is not limited to the games themselves, said Marc Falcone, a Bear Stearns' gambling analyst, who estimated that 35 percent of Internet casinos might not pay what they owe or might fiddle with the odds in an underhanded way. "But he said gamblers, apparently undeterred, wagered $1.4 billion online last year on casino games, lotteries, horse races and other sports events -- a figure that Bear Stearns expects to grow to $5 billion by 2003. "The gamblers also risk addiction. The number of addicted gamblers on the Internet is on the rise, said Tom Tucker, executive director of the California Council on Problem Gambling, a nonprofit group…" |