Online Profits From Gambling in the Cards

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JANUARY 3, 2012

Online Profits From Gambling in the Cards

BY ROLFE WINKLER

Legal online gambling is coming to the Internet. And that could spell opportunity for big tech companies such as Facebook, Zynga, Apple and Google.

Last week, the U.S. Justice Department reversed its long-held opinion that most forms of online gambling were illegal. That will allow states to offer nonsports gambling on the Internet, with some limitations.

First to go online will be lotteries. These already are a huge business, with $64.8 billion of annual U.S. sales in the year through June, according to the North American Association of State and Provincial Lotteries. Yet lotteries are struggling to attract younger players, ...

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