New Young Gambler may be Online Gambling's Lifeline

12 August 2007

There is no doubt that the high profile ban on online gambling transactions in the United States has brought a significant change to the online casino landscape. It is expected that many online casinos will fall well short of their revenue projections for 2007 as a decrease in player numbers from the US has severely dented their bottom line.

Some industry experts predict this dent to be in the vicinity of billions of dollars industry-wide. This is a huge figure and will dishearten both players and operators involved in the once blossoming online gambling industry.

There is another group of industry experts that have predicted that new breeds of players are emerging in the US that will soon put online casino revenue back on track. This new breed of player appears to be young American gamblers aged 21-25, that are often students based on American college campuses around the country. With a large social network, high intelligence and plenty of free time, these students are coming back to the online gambling world with renewed vigor.

The lure of easy money is too much for most young adults, and with some creative initiative they are finding their way back to the Blackjack tables. The legislation has made it more difficult for regular players in the US to access funds online and deposit/withdraw from online gaming accounts. However these guys aren't scared about taking a risk, and have found other avenues through alternate payment methods and underground sites to overcome US Government bans on major gambling sites, credit cards, checks and electronic funds transfers.

The problem as that no official rules were enacted following the introduction of the online gambling legislation and there is no real enforcement authority in charge. Transferring funds into online gambling sites has been deemed illegal but who is actually following up to enforce the legislation?

It sets gambling back decades into times where it was a pastime played in dark back rooms under a cloud of suspicion. Today gambling is an accepted and respected pastime among the general public. By forcing players into underground networks compromises the integrity and image of online gambling, and offers no protection for those law-abiding players who are doing the right thing. The entire industry is put at risk.

Unfortunately the legislation won't work if it is not policed and enforced. One way or another, its highly likely that more young Americans will find ways to get back into the online gambling community and exploit loopholes in the system, unless the legislation starts to become enforced.

OCN Staff

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New Young Gambler may be Online Gambling's Lifeline

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