Online gambling is any type of gambling done online. This usually includes online casinos, online poker and online sports betting among many others. However the first online gambling venue to open to the public, was back in 1994, when ticketing for the first Liechtenstein International Poker Tournament was opened. Since then there have been numerous online gambling venues that have come into existence all over the world. All of these serve the same purpose -to provide a place for people to gamble or participate in online gambling; however, there are some major differences between these online gambling venues and their counterparts in land based casinos.
Most online gambling sites are based in the United States, as this is where the majority of people spend the most time online. This is because the rules and regulation for online gambling is a lot looser in the US, compared to other countries. For example, it is legal for an online gambling site to take payment from one person, and take another person’s money to bet in. Therefore, if you want to wager a large amount of money, for example on a place like the World Series of Poker, you will need to find an online gambling site based in the United States, as this is the legal requirement.
On the other hand, all online casinos must follow all the laws of the land in which they are operated. Therefore if you want to play at a European based casino, you will have to make sure that the laws for such play are very different to the laws which apply in the US. For example, most European based online casinos will only take bets from people who are residents of the countries in which the casino operates. Anytime that a player wins, he must pay taxes according to the country of residence, and he may be required to appear in person to receive his winnings. This means that players playing online casinos in the United States, must do a little bit of research before placing their bets.