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- 1. MIS103 Online Gambling By: Kieron & Natcha Stamford International University
- 2. In this presentation we will be exploring: • The history of online gambling. • What are the largest online gambling companies? • Who participates in online gambling? • Why do people choose to gamble online? • The impacts of online gambling.
- 3. Antigua and Barbuda passes ‘Free Trade & Processing act’ Inter Casino becomes the first online gambling site in 1994. Cyrpto Logic introduces online poker, blackjack and roulette in 1995. Multiplayer online gambling introduced in 1999. Brief history of online gambling Watch this video for a more in depth look at the history of online gambling.
- 4. The largest online gambling companies The 8 largest online gambling sites ranked by market value are (Billions of dollars): • Paddy Power Betfair (ROI) $9.98 • International Game Technology (USA) $5.46 • Ladbrokes Coral Group (UK) $4.78 • Scientific Games Corporation (US) $4.57 • GVC Holdings (Isle of Man) $3.95 • William Hill (UK) $3.86 • Playtech (Isle of Man) $3.63 • The Stars Group (Canada) $3.44
- 5. Conveniece Fun/Excitement Able to win money Anonymity and Privacy More comfortable 0 10 20 30 40 50 60 Reasons why people gamble online Reasons why people gamble online According to the American Gambling Association (2006) there are 5 main reasons why people prefer to gamble online as opposed to traditional betting in a bookmakers.
- 6. According to a Study done by Robert T. Wood and Robert J. Williams it's be found that: In terms of gender distribution, online gamblers were far more likely to be male when compared to land-based gamblers. Internet gamblers were also, on average, younger (45.7 years) than their land-based gambling counterparts (51.2 years). 53.2% of Internet gamblers were unmarried 62.7% of Internet gamblers were full time employed 4.4% of Internet gambles were students Click here to read the full Study. Demographics of Online Gamblers
- 7. Early Signs Increasing levels of debt Struggling to pay bills on time Lying to friends and family Feeling moody, irritable or angry Inability to pay for small luxuries Missing work or having trouble concentrating at work Prioritizing spending time and money on gambling over other activities. Serious Signs Financial harm – inability to pay for essentials Criminal activity – stealing or fraud Declining mental health – depression, anxiety or suicidal thoughts Declining physical health Relationship disruption, conflict or breakdown Cultural harm – disengaging from cultural activities Reduced performance at work or study. Impacts of online gambling
- 8. Association, A. G. (2006). American Gaming Assocation. Retrieved from American Gaming Assocation: https://www.americangaming.org/ Dr. Conard, B. (2005). The truth about child video game addiction - TechAddiction. Gambling Help Online. (2007-2018). Impacts of gambling. Statista. (2017). Statista. Retrieved from The Statistics Portal: https://www.statista.com/statistics/883685/top-online-gambling-companies-by- total-assets/ Walker, K. (2018). Online Gambling History - Development of Gambling on the Internet. Wood, R. T., & Williams, R. (2007). Why do Internet gamblers prefer online versus land-based venues? University of Lethbridge Research Repository. Wood, R. T., & Williams, R. J. (2011). A comparative profile of the Internet gambler: Demographic characteristics, game-play patterns, and problem gambling status. References