Online Gambling and Problem Gambling

Online Gambling

The prevalence of problem gambling and participation in online gambling have been identified. The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, has included a new category called Internet Gaming Disorder. While the effects of gambling are not completely known, some research has found that online gambling is associated with higher risk for problem gambling. This study was conducted in the United Kingdom and is the result of the British Gambling Prevalence Survey 2010.

While the convenience of online gambling over travel to a casino is unmatched, it is also considerably more cost-effective. In addition to the convenience and cost savings, online gambling allows players to bet on their favorite sports teams and play slots from their smartphones. Despite the convenience and cost advantages, online gambling does have a few drawbacks, so players should review their local laws to ensure that their online gambling activity does not breach any laws or restrictions.

The US government has been slow to respond to the growth of online gambling. While gambling is legal under federal law, each state is free to regulate it and can even prohibit it within their borders. However, there are currently no laws requiring US banking institutions to process payments to offshore gambling sites. The best option, therefore, is to play responsibly. The legal framework for online gambling is constantly changing. There are numerous ways to play safely online, and online gambling can be a great way to socialize.