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Boak Oestreich
• Online gambling in the US within the past 15 years
  has caused several problems within society
  • Addicting

  • Takes money away from stock markets

  • Destructive for families
• •Most dangerous form of gambling because of the
 wide availability of the internet
 • Can access virtually anywhere
 • the privacy of your own home

• Destroyed lives
• Negative impact on stock markets
• Destructive for society overall.
• The first online gambling operation can be dated back
  to 1994. In 1994 the government of the Caribbean
  nation of Antigua and Barbuda

• These two countries both passed the free Trade and
  Processing act.

  • The next 5 years would result as a domino effect
• The Safe Port Act, which was signed in 2006 by
  President Bush

  • Money laundering

  • In April 2011, two major online poker web sites
    were seized by the FBI. Full-Tilt Poker and Poker
    Stars
• Negative impact on stock markets
   • Money Multiplier affect
• Money laundering
• Siphons money away from traditional markets
• Advances in internet technology
   • Gambling from home vs driving to the casino
   • Privacy of your own home
   • Loop holes in age verification
   • Sites not not paying their dues to player’s who win.
• Interesting topic
• # of friends who gamble online
• Further understand why online websites got shut
  down by the FBI
• Internet technology
• Off shore gambling
• The gambling industry has grown tenfold in the U.S.
  since 1975
   • Online gambling being a huge part of the growth
• Internet gambling has nearly doubled every year
  since 1997 – in 2001 it exceed $2 billion
• The Internet boasts 110 sport-related gambling sites
• According to the American Psychological Association
  the Internet could be as addictive as alcohol, drugs,
  and gambling
• Divorce for problem gamblers is nearly double that of
  non-gamblers
• Avg. debt by a male pathological gambler in the U.S.
  is between $55,000 and $90,000
   • 15,000 for female gamblers
• Internet gambling being called the “crack-cocaine” of
  the internet
• Most online gamblers are male
• Most online gambling sites used by people in the US
  are off-shore
• Only 7 of the top 37 stopped underage users
•   Bad for society
•   Internet leads to higher addiction
•   Off-shore gambling
•   Technologies still being developed to stop underage users

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Im260onlinepresentationppt

  • 2. • Online gambling in the US within the past 15 years has caused several problems within society • Addicting • Takes money away from stock markets • Destructive for families
  • 3. • •Most dangerous form of gambling because of the wide availability of the internet • Can access virtually anywhere • the privacy of your own home • Destroyed lives • Negative impact on stock markets • Destructive for society overall.
  • 4. • The first online gambling operation can be dated back to 1994. In 1994 the government of the Caribbean nation of Antigua and Barbuda • These two countries both passed the free Trade and Processing act. • The next 5 years would result as a domino effect
  • 5. • The Safe Port Act, which was signed in 2006 by President Bush • Money laundering • In April 2011, two major online poker web sites were seized by the FBI. Full-Tilt Poker and Poker Stars
  • 6. • Negative impact on stock markets • Money Multiplier affect • Money laundering • Siphons money away from traditional markets • Advances in internet technology • Gambling from home vs driving to the casino • Privacy of your own home • Loop holes in age verification • Sites not not paying their dues to player’s who win.
  • 7. • Interesting topic • # of friends who gamble online • Further understand why online websites got shut down by the FBI • Internet technology • Off shore gambling
  • 8. • The gambling industry has grown tenfold in the U.S. since 1975 • Online gambling being a huge part of the growth • Internet gambling has nearly doubled every year since 1997 – in 2001 it exceed $2 billion • The Internet boasts 110 sport-related gambling sites
  • 9. • According to the American Psychological Association the Internet could be as addictive as alcohol, drugs, and gambling • Divorce for problem gamblers is nearly double that of non-gamblers • Avg. debt by a male pathological gambler in the U.S. is between $55,000 and $90,000 • 15,000 for female gamblers
  • 10. • Internet gambling being called the “crack-cocaine” of the internet • Most online gamblers are male • Most online gambling sites used by people in the US are off-shore • Only 7 of the top 37 stopped underage users
  • 11. Bad for society • Internet leads to higher addiction • Off-shore gambling • Technologies still being developed to stop underage users