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Online Gambling Gone Wild: U.S. Crackdown Sparks Offshore Boom: Page 9 of 9

"There's a clear trajectory of how existing industries view new technologies," said Pollock. "First they try to fight it, to kill it off. Then they move into acceptance. And finally, they embrace it."

The same pattern will play out here, said Pollock. "After efforts by the DOJ to put a lid on it, it will be highly regulated and controlled, and handled with integrity. No one can realistically put a lid on it. The economic case is too compelling."

This story was updated April 4 to reflect corrected information on which law was used in charges against gambling executives.