1. Boak Oestreich

2. • Online gambling in the US within the past 15 years
has caused several problems within society
• Addicting
• Takes money away from stock markets
• Destructive for families

3. • •Most dangerous form of gambling because of the
wide availability of the internet
• Can access virtually anywhere
• the privacy of your own home
• Destroyed lives
• Negative impact on stock markets
• Destructive for society overall.

4. • The first online gambling operation can be dated back
to 1994. In 1994 the government of the Caribbean
nation of Antigua and Barbuda
• These two countries both passed the free Trade and
Processing act.
• The next 5 years would result as a domino effect

5. • The Safe Port Act, which was signed in 2006 by
President Bush
• Money laundering
• In April 2011, two major online poker web sites
were seized by the FBI. Full-Tilt Poker and Poker
Stars

6. • Negative impact on stock markets
• Money Multiplier affect
• Money laundering
• Siphons money away from traditional markets
• Advances in internet technology
• Gambling from home vs driving to the casino
• Privacy of your own home
• Loop holes in age verification
• Sites not not paying their dues to player’s who win.

7. • Interesting topic
• # of friends who gamble online
• Further understand why online websites got shut
down by the FBI
• Internet technology
• Off shore gambling

8. • The gambling industry has grown tenfold in the U.S.
since 1975
• Online gambling being a huge part of the growth
• Internet gambling has nearly doubled every year
since 1997 – in 2001 it exceed $2 billion
• The Internet boasts 110 sport-related gambling sites

9. • According to the American Psychological Association
the Internet could be as addictive as alcohol, drugs,
and gambling
• Divorce for problem gamblers is nearly double that of
non-gamblers
• Avg. debt by a male pathological gambler in the U.S.
is between $55,000 and $90,000
• 15,000 for female gamblers

10. • Internet gambling being called the “crack-cocaine” of
the internet
• Most online gamblers are male
• Most online gambling sites used by people in the US
are off-shore
• Only 7 of the top 37 stopped underage users

11. • Bad for society
• Internet leads to higher addiction
• Off-shore gambling
• Technologies still being developed to stop underage users