Online betting is any type of betting conducted online. This includes online casinos, sports betting and virtual poker. The first online betting venue opened for the public, was lottery ticketing for the first Liechtenstein International Poker Tournament in October 1994. Since then there have been numerous online betting venues developed all over the world. Many countries now have thriving online betting and casino industries.
In the United States alone there are approximately eight online betting and gaming venues, many of which are operated by corporations with hundreds of thousands of members. Most of these online gaming and gambling venues are owned by large gambling companies with many billions of dollars of revenues. These gambling companies provide the software, websites and customer services for online betting, remote gambling and wagering.
While there are many reasons to enjoy online betting games, there are some reasons that New Jersey residents should be aware of as well. For example, some states, such as New Jersey, prohibit nonresidents from playing a certain game, such as lotteries or drawings. While nonresidents may be able to play through an online gambling site, they may still be barred from playing other types of gaming and/or sports betting at that same site. Therefore, it is important that you research your favorite online betting or sports betting sites before you join to ensure that they abide by the laws in your state.