![]() ![]() Also, the word gaming is frequently used to describe activities that do not involve wagering, especially online. For instance, in the UK, the regulator of gambling activities is called the Gambling Commission. However, this distinction is not universally observed in the English-speaking world. The two words are not mutually exclusive i.e., a “gaming” company offers “gambling” activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. The term gaming in this context typically refers to instances in which the activity has been specifically permitted by law. Typically, the outcome of the wager is evident within a short period. ![]() ![]() Gambling thus requires three elements be present: consideration, chance and prize. Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Freebase Rate this definition: 3.8 / 4 votes ![]()
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