Online gambling is when people gamble using the internet. This can include virtual poker, casinos and sports betting, and started in 1994. It’s worth about $40 billion every year globally and is legal in some places, like some parts of the US, Canada, Europe and the Caribbean. Businesses that offer online gambling in legal places usually need to have a license or permit to offer services to their residents. Some gambling companies choose to base themselves in tax havens like Gibraltar, Malta and Alderney in Europe or Macau in Asia. Macau used to be known as a tax haven, but in 2018 it was taken off the list of places that are given this label. Some countries have rules that limit or ban online gambling.

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