Who benefits from Internet gambling Coursework Example | Topics and Well Written Essays - 2000 words

Who benefits from Internet gambling - Coursework Example The Internet gambling now facilitates any individual to take part in gambling right from their residences, offices or any other place of their preference at any time as they play in the casinos. Further, Internet gambling offer some new forms of gambling like tournaments, betting exchanges, poker, spread betting, which may not be available in traditional casinos. Thus, now, consumer is deriving benefits from the Internet gambling as it offers to him the convenience of playing gambling. U.K, Malta and Gibraltar are the nations from EU jurisdictions, offer the maximum number of e-gambling companies, which account for the lion’s share of online gambling on the international level as the majority of the players in online gambling are from customers from outside the EU. The Internet gambling offers various advantages to the host nation’s economy adding considerable tax income , employment opportunities and business opportunities to Internet service providers , mobile compani es , software developers , website developers , etc.(Gainsbury 2012: 3). This research study will make an in-depth analysis of the benefits offered by the Internet gambling to various stakeholders of the host nations. As per Goodman (1995), internet gambling offers significant wealth, regenerate local economies and offer more employment opportunities. As of now, online gambling industry is a $35 billion global industry. (Goodman 1995:28). In 2013, Gibraltar enjoyed $ 80 million in tax revenues from online gambling industries, and it created around 2600 jobs for the economy. (Bernews 2014). As per Wall Street Journal, in U.S.A, only Delaware Nevada and New Jersey permit online gambling as of now. Further, it is to be noted that the international online-gambling revenue, pushed by online betting in Europe, in 2012 attained an estimated figure of