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online gambling in college

college gambling

The U.S. & Online Gambling Laws

In the U.S.,  it's not legal to operate a gambling site. That's why you'll see sites that "teach" you how to play for free...but offer a separate site that looks strikingly similar on which you play for real money.

U.S. Congress passed legislation in 2006 that bans the use of credit cards for online gambling.  However, some people in the U.S. are still accessing online gambling sites.

 

Online gambling.  Over $15 billion spent worldwide in 2006.  From poker sites to sports betting sites and more, gambling online is easy to find -- and with current technology, can be accessed just about anywhere.

Unfortunately, electronic forms of gambling are highly addictive.

Why the concern? 

 
  • There's no limitation on availability. At home, in pajamas, it could hardly be more available.
  • There's no limitation on time. People playing at home can play hours and hours, any time of day or night, before stopping.
  • There's little limitation on money. With credit, a whole lot of money can be won--and lost--before stopping.

Things to keep in mind.

  • You can lose your money. Online gambling operations are in business to make a profit. They take in more money than they pay out.
  • You can ruin a good credit rating. Online gambling generally requires the use of a credit card. If kids rack up debt online, they could ruin their credit rating - or their parent's.
  • Online gambling can be addictive. Because Internet gambling is a solitary activity, people can gamble uninterrupted and undetected for hours at a time. Gambling in social isolation and using credit to gamble may be risk factors for developing gambling problems.

(Source: http://www.ftc.gov/opa/2002/06/onlinegambling.htm)


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