Gambling 101 – The Different Types of Gambling


Whether you’re an online gambler or a land-based player, there’s something out there for you. From the thrill of sports betting to the fun of social gambling, there’s a lot of great options to choose from.

State-licensed or state-operated lotteries

Among the various forms of gambling, lotteries hold a special place in many people’s hearts. Almost every nation in the world has some sort of lottery. Some countries even offer state-licensed betting on sporting events. In the United States, the lottery boasts a robust online presence, as well. Some of the most popular lottery games are Mega Millions, Powerball and the Lotto. Almost anyone can play them, regardless of age, income level or region of the country. There are even subscriptions available to participate in daily games. Some countries, like the United Kingdom and South Africa, have licensed lottery companies operating in their borders.

Sports betting

Despite its popularity, sports betting can be addictive. It can cause financial ruin and stress related problems. Besides, it can also damage your relationship with family and friends. Those who have problems with gambling are twice as likely to commit suicide.

The premise behind sports betting is that if a player or team wins, you win money. However, it is impossible to determine which team or player will win a match. Sports betting can also cause depression.

Professional sports leagues have expressed their concern about sports wagering. It can threaten the integrity of free and fair competition.

Social games

Currently, social games are not considered gambling. However, there are issues with the current regulatory and legislative framework. This presents a risk to the future of social games.

Many social games companies are struggling to survive. Some are facing closure and relocation. The industry needs to demonstrate proactive monitoring of this issue.

The social games industry in Washington state is composed of hundreds of companies. These include game developers, publishers, and social networking platforms. These companies produce games that are played by millions of residents. Some of these games are free, while others are sold with in-app purchases.

Internet gambling

Currently, there are seven federal criminal statutes that are implicated by illegal Internet gambling. These include: The Wire Act, the Travel Act, the Illegal Gambling Business Act, the Racketeer Influenced and Corrupt Organizations (RICO) Act, the Money Laundering Control Act, the Money Transmitter Control Act, and the Wire Act.

Internet gambling is illegal under the Wire Act, which prohibits gambling on sports events and contests. Internet gambling is also illegal under the Travel Act, which prohibits facilitating unlawful gambling and promoting it. The Travel Act also prohibits facilitating illegal gambling on interstate commerce.

The Illegal Gambling Business Act makes it unlawful for gambling businesses to accept payment for illegal Internet gambling. The law does not apply to financial transaction providers such as PayPal. However, PayPal has been warned by federal prosecutors that it may face prosecution.