Why We Are Outraged: An Economic Analysis of Internet Gambling

Vandall, Frank

Journal: Richmond Journal of Global Law & Business

Volume: 7

First Page: 291

Year: 2008

Bluebook Citation: 7 RICH. J. GLOBAL L. & BUS. 291 (2008)

Author: Frank J. Vandall: all 19 publications


Abstract

While domestic casinos and lotteries take in about $84.7 billion a year; internet gambling is worth about $12 billion. By comparison, movies bring in about $23.24 billion a year. Fifty-two percent of the population gambles. Although all but two states (Utah and Hawaii) permit gambling of some sort, none license internet gambling.

It is therefore illegal in all 50 states. Estimates suggest that only 1% of the population engages in internet gambling.

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