Do many people gamble online at casinos and sportsbooks?
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Reports on the number of online gamblers are many and varied. While no one study can present an exact figure on the number of online gamblers, a number of sources have put out estimates over the last few years that give us some idea of the size of the playing market. In a report published on February 18, 2002 in USA Today, equity research firm Bear Stearns were quoted as claiming that about 4.5 million people, half of them U.S. residents, regularly gamble online. It has been estimated some where in the order of 12 million people have actually placed real money wagers via the internet, and the majority of these would have been placed at internet casinos. This estimation is consistent with results of a survey published a year ago, (PRNewswire 22 March 2001) claimed that approximately 8 million people had already gambled with real money online at that time. According to Forrester polls as at July 2005, there were over 300,000 gambling websites entertaining over 7,000,000 online gamblers.
