The new technology [will freshen] the parimutuel business with younger players.
Predictor: Schwartz, Evan I.
Prediction, in context:In a 1995 article on online gambling for Wired magazine, Evan Schwartz quotes Colleen Anderson, president of California-based IWN (“I win”) Inc. Schwartz writes: ”Currently, fewer than 100,000 people in the seven legal states participate in account wagering. But with this new technology, Anderson sees ‘millions of people doing interactive gambling.’ She notes that horse racing and other ‘parimutuel’ gambling (an industry term for games in which the odds change based on how other players bet) is currently a declining business with an older clientele. She sees the new technology freshening the parimutuel business with younger players.”
Biography:Evan Schwartz was a 1990s journalist with a computer science degree who covered information technology. He was a former editor at Business Week, where he covered software and digital media and was part of teams that won a National Magazine Award and a Computer Press Award. He also wrote for the New York Times, Wired, and MIT’s Technology Review. His books include “Webonomics” and “Digital Darwinism.” (Author/Editor/Journalist.)
Date of prediction: October 1, 1995
Topic of prediction: Economic structures
Subtopic: Gambling
Name of publication: Wired
Title, headline, chapter name: Wanna Bet?
Quote Type: Paraphrase
Page number or URL of document at time of study:
http://hotwired.lycos.com/collections/internet_law/3.10_gambling_pr.html
This data was logged into the Elon/Pew Predictions Database by: Stotler, Larry