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Online Gambling Dangers

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The Dangers of Online Gambling

There is a major issue to be dealt with, which is spreading. Ever since the internet brought gambling into our home, gambling has just been getting more and more worse. The rise in the sheer volume of users accessing these websites is breath-taking. As a result, online gambling has become the rage all over the world for entertainment purposes and has sky-rocketed. Since the first online casino started up in 1996, the industry has grown to thousands of new online gambling websites, and more appear every day. According to internet research firm called statista.com, the online gambling market industry pulled in $20 billion in worldwide revenues in 2009. That figure is expected to hit at least $60 billion by 2020. …show more content…

Just like people who are addicted to drugs, the victims of online gambling undergo immense mental obstacles. In fact, according to rehabthailand.com, emotional problems can arise ranging from the following: depression, anxiety, anger, self-harm and suicidal thoughts. With the problem gambler, losing is just not an option, and seeking treatment may not be a possibility while the convenience of online gambling and the immediate access 24/7 remains. There needs to be more strict control and regulation of this abominable …show more content…

Just as people use casinos to launder money, people use online gambling sites also as a means to clean their filthy money. Through the anonymity of the internet, people could easily transfer hundreds of illegally obtained proceeds into an account on an internet gambling site. Again, with the convenience of online gambling and the 24/7 access, it makes it effortless for criminals to do their dirty work. The perfect way to move money. An Informations Systems Service Manager at Orange and Research Associate at ESSEC business school said, and I quote, “The more robust and complex the various online marketplaces become the more untraceable methods criminals are finding to pass ‘dirty’ money into online accounts and pull ‘clean’ money out of others.” He then went on to give a few examples of what methods these criminals are actually using including the use of gambling venues. It is obvious that sites need to be more closely monitored and checked for authenticity. We now know that these sites are a way to assist in criminal activities and thrive of the vulnerable, innocent, helpless people who become blindsided and deluded by the immoral profiteers of the

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