Online Gambling is a digital activity where real money is used to bet on games of chance using the Internet or mobile devices. The types of games that can be played include sports betting, fantasy sports, keno, and casino games like poker and roulette. It can be fun and entertaining, but it also poses risks. These risks include addiction, financial loss, fraud, and problems in relationships and mental health.

When people engage in Online Gambling, they may lose track of how much money they are spending or be tempted to make impulsive decisions that could lead to a financial disaster. This can be especially dangerous for young people who are more likely to experience online gambling problems than adults. It can also cause them to neglect responsibilities, which can have serious consequences for their careers and personal lives.

Many states have legalized iGaming, including Hawaii and Utah (although the latter is unlikely to ever allow it due to Mormonism). However, there are still many states that have banned any kind of online gambling, including charitable events, bingo halls, and some forms of parimutuel betting.

Fraud is a major issue for iGaming, as it can result in revenue loss and strained relationships with payment processors. Moreover, it can also encourage criminals to use the platform as a conduit for laundering illicit funds. Moreover, fighting fraud requires time and resources that can be diverted away from the business itself. This can be a huge burden for online casinos, which can lead to reduced efficiency and profitability.