More on Internet Gambling

CNBC aired a pretty good special about illegal gambling last week (I don't think you can watch online, but it's worth checking out if nothing else is on TV).

(from flickr user heipmann)

As I've written before, internet gambling has a distinct edge over brick-and-mortar operations because it has lower operating costs and can offer lower fees, vigs and commissions and a wider variety of betting options. It's the reason why professional sports gamblers, even if they live right next to a casino in Nevada, still make illegal bets online. Even if casino gambling became fully legal in all 50 states, it wouldn't eliminate the demand for online bets.

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