The Internet Gambling industry today, is a $15 billion industry. There is a continuous tussle between the betting companies and the lawmakers. Gamblers are expecting to make $4.7 billion on sports betting online. Online poker raked in $400 million in 2003. It is predicted to hit $4 billion this year. Craps and Roulette both are increasing gaining grounds. Companies too are including them in their portfolio, to cash in on the gambling wave. Even bingo might rake in a cool $500 million. Washingtontimes.com reports:
The business of online gambling has made many people very rich. Calvin Ayre, the chief executive officer of Bodog Entertainment, an online gambling and music company based in Costa Rica, recently was featured on Forbes magazine's list of billionaires. Conservative lawmakers, often at the urging of religious groups, have been trying to stop online gambling since it first surfaced in the mid-1990s.
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