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The Financial Times has estimated that the Internet gambling market will reach annual revenues of 10 billion dollars in the next millennium (Simpson, 2001). This form of gaming does not provide jobs or generate tax revenues. Many state and local governments are dependent on tax revenues associated with traditional forms of gambling. Internet gambling deprives these valuable tax revenues and costs the economy useful jobs and assorted fees related to legal gambling. There are many factors related to online gambling, which have social and economic effects. It will explain in detail. Playing kasyno online through sites like craps online is also increasing. This socio-economic impact has been divided further for classification and clarification. Simultaneously, the social effects of gambling in online casinos include both positive and negative impacts on everyday life factors, such as personal health issues, bankruptcy, marital complications, and crime.
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