Is Gambling Online a Viable Way to Make an Extra Buck?

//Is Gambling Online a Viable Way to Make an Extra Buck?

Is Gambling Online a Viable Way to Make an Extra Buck?

For years, online gambling in the United States was out of the question. Even though, in the early 2000s, the US was one of the biggest markets for online poker and casino operators, a federal law signed in 2006 by George W. Bush put an end to this situation instantly. Since then, US citizens were only able to play online casino games and online poker at brave offshore operators in a legal gray zone, with little to no hopes to do the same legally. Things changed, though, when a DoJ opinion put it into the individual states’ hands to regulate or ban online casino and poker services. The Garden State was the first to act on its newfound freedom, quickly issuing online casino licenses to its existing operators. Its bet on online gambling has proven to be the right one for the state’s budget – in just three years, it generated half a billion in extra tax income for New Jersey. And it might have determined other states to consider similar measures – which makes this the right time to discuss gambling online from a revenue-generating point of view.

Will online casinos put money in my pocket?

They will – but only if you are really lucky. The fun thing about casino games is that they are fair, meaning that neither the operator nor the player can do anything to influence their outcome. This means that your results at playing Three Card Poker at Wild Jack Casino will not guarantee that you walk away with winnings in your pockets. Even though all the casino games at the Wild Jack, and all other online gambling venues, no matter if they are international or local, are completely fair, they are “rigged” to favor the operator. After all, the Wild Jack and all other online gambling venues are businesses expecting to be profitable, right?

So, in short, if you feel that you are entitled to win money while playing casino games, you will most likely be disappointed.

Why do people play online casino games then?

Most of them do it for fun. Otherwise, there would be no reason for social casinos like Slotomania, Big Fish Casino, and their likes, to constantly be among the most popular games on smartphones. Casinos were, from their inception, places where people went for entertainment – a very specific form, mind you, but still – and they have maintained this nature of theirs to this day. Or, as an article in The Atlantic put it a few years ago, people are not looking for the best place to win money but rather for the most convenient one to lose it.

When it comes to online casino games, people usually play them casually – which means that they spend just a little time playing them, and they don’t commit a lot of money to the cause. But they certainly don’t do it with the money in mind.

In short, gambling – and gambling online – is not something you do and expect to earn money. Instead, it’s a form of entertainment – and it shouldn’t be considered anything different.

By | 2017-10-09T09:05:56+00:00 September 21st, 2017|Personal Situation|2 Comments

About the Author:

Evan is the owner of My Journey to Millions which was started to track his journey from a broke debt ridden law school graduate to building a positive balance. Need more Evan? Follow him on Twitter, Contact him or get new posts directly to your email

2 Comments

  1. Miguel (The Rich Miser) September 21, 2017 at 1:19 pm - Reply

    As they say, the house always wins. All casinos tilt the odds in favor; otherwise they would not stay in business.

    • Evan September 22, 2017 at 1:41 pm - Reply

      There is a reason they can build billion dollar buildings in vegas and macau

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