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Introduction The world of gambling has evolved significantly over the years, and the introduction of online betting has revolutionized the industry. With the advancement of technology, online betting has become increasingly popular, and many people now prefer to place their bets online instead of visiting a traditional betting shop. This study aims to examine the emergence of online betting, its growth, and the challenges it faces.

Background Online betting involves placing bets on various sports and events via the internet. This type of gambling started gaining popularity in the late 1990s, Washington Post Today and by the early 2000s, it had become a multi-billion dollar industry. The first online betting site was launched in 1996, and since then, there has been a significant increase in the number of online betting platforms. Growth of Online Betting The growth of online betting has been phenomenal, and the industry has experienced unprecedented growth over the years.

In 2019, the global online gambling market was valued at $53.7 billion, and it is projected to reach $92.9 billion by 2023. The growth of online betting can be attributed to several factors, including the convenience it offers, the availability of various betting options, and the increasing use of mobile devices.