Internet Gambling

Current estimates of Internet gambling indicate there are more than 1,000 offshore Internet casino sites generating more than $10 billion in wagering annually.

Creating some concern for gamblers and casinos alike is the existing federal Wire Wager Act, Title 18, section 1084(a) making it a crime to wire bets on any sporting event in interstate or foreign commerce.

If your contract with the online gaming site is void and unenforceable, your losses may not be recovered if you were sued. This was a legal problem faced by cyber casinos. If the customer won,no dispute. But if he lost, he could refuse to pay the credit card charge based on the illegal gambling purpose transaction.

The sites are making so much money they can’t afford to risk losing business by mistreating customers. Winners could technically be in jeopardy of not collecting their online gambling profits but the risks under the current high volume of offshore gaming are minimal.

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