Center for Gaming Research
Minimum Age To Bet On The Internet
About every other week I get asked, "What is the minimum age to gamble on the internet?" Usually these are from college-age students, who know how to make sports bets or play poker online -- and, in fact, are already doing it from their dorm rooms -- but get worried they will be busted if they win. But, I've even been asked by agents of government and law enforcement, including police, prosecutors and regulators.
There are some interesting trends. All tables games won less money in 2008 than they had in 2007. Penny slots actually won almost 10% more than they had in the previous year, but all other slots were down. Five-dollar machines had the biggest drop-off, Megabucks the smallest.
Basically, both visitation (37.5 million) and total gaming revenue ($11.6 billion) have returned to 2004/2005 levels.
How Not To Be Sued In Another State
I am the co-editor-in-chief of the Gaming Law Review and Economics, the law journal covering gaming law. We reported two cases in volume 12, Number 1, involving patrons who were injured in auto accidents suing casinos. The allegations are typical: the casinos supposedly got the drivers who caused the accident drunk. Nothing unusual about that. What is different is that the suits were filed in Kentucky and Arkansas, states without casinos.
Foreign Operators Don't Have To Pay
A federal magistrate has ruled that foreign internet gambling companies are not required to pay U.S. excise taxes on wagers, if the companies have been set up correctly. The decision is by no means final. But if upheld, it will eventually save internet operators billions of dollars, for bets taken from Americans.