Online Gambling And Ecommerce

By Author: Chakrit Srisinghasongkram
Total Articles: 3764
Comment this article

Since the invention of the internet, more and more application of this technology seem to pop up ever now and then. But the biggest breakthrough came when people started doing business and earning money online. At the present, almost all types of products services could be offered and purchased on the internet.

And speaking of services, entertainment seems to be the leading product that keeps eCommerce going. May it be music, games, movies, and currently even online gambling services, they could be availed through the internet.

Huge Businesses

Online business operations are usually preferred because operation cost is cheap. This is one of the primary advantages of eCommerce. But online gambling operations are multimillion dollar businesses. Not everybody could just start an online gambling venture without the proper knowledge, connection and financial backing. Most of the companies behind online casinos and online poker operations are either publicly traded or reputable private and corporate entities. Online gambling companies must have the license from the proper departments of the government ...
... that they are under.

Hundreds of thousands of dollars goes through online gambling transactions everyday. If you look at the online gambling business closely, membership and participation is not that expensive. You could actually start playing at an online casino with just a hundred dollars signup credit. They even offer games with wager going as low as one cent. So how could they earn so much? It is because of the number of people playing at online casinos, online poker rooms and sports betting sites. The services are offered worldwide, and it is cheap, and it is efficient. Therefore, people tend to go to online gambling sites rather than their land base counterparts.

Powerful Effect on eCommerce

Online gambling does not only directly affect the whole eCommerce community for its huge income. Due to the extent of the online gambling operation, some online businesses depend on them for a huge percentage of their income. Advertising is just an example. The Pay-per-Click option has provided advertisers of great earning opportunities from the online gambling operation.

There was also a boom in the online financial service business along with the online gambling success. Services like Paypal, Neteller, Firepay and many others became preferred payment forms by online players and online gambling operators. Software and gaming solution companies also earned millions because of online casinos, poker rooms and online betting operation popping out everywhere. The effect of online gambling on eCommerce was greatly felt when the United State reiterated the illegality of online gambling in the country. A huge decline in stock cost and income was observed with some major online businesses.