Over the past decade, online gambling has expanded to become a multi-billion dollar business. There are over two thousand gambling sites worldwide. However, none of these sites are based in the United States as the U.S. possesses stringent gambling laws.
Most notably, in 2006, the U.S. Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA), which makes it illegal for U.S. financial institutions to transfer money to offshore gambling websites or to the online payment services which those websites use. As a result of the UIGEA, many non-U.S. Internet gambling websites halted their provision of services to U.S. residents.
In Canada, online gambling sites run by individuals are prohibited. Individual provincial governments, which run gaming such as lotteries and terrestrial casinos, have at this point not taken steps to create online gambling gaming, though that may change in the future.
With the Internet being more easier to access due to high-speed broadband, online casino gambling may be poised to overtake terrestrial casinos.
That is, if legislation doesn’t get in the way.