A Brief History Of Online Gambling
The history of online casinos dates back to 1994 in Antigua and Barbuda. Online gambling sites have grown from 15 to 200 in a year. Today, the online gambling industry is valued at slightly above $57 billion.
Land-based casinos are the foundation of online casinos. In the 1970s, physical casinos shifted from mechanical to innovative systems. The first software offered virtual blackjack games.
The arrival of the internet disrupted gaming systems globally. Many online casinos from the 1990s are no longer operational. The internet allows users to access gaming solutions with optimal coverage.
Antigua and Barbuda was the first territory to issue licenses to online gambling operators. Microgaming was one of the the licensed following the signing of this law. The eCOGRA or eCommerce and Online Gaming Regulation Act was established in 2003 to regulate the affairs of online gaming operators globally.
The first online poker games appeared in 1998. Multiplayer online gambling followed a year later.
In 2005, the first mobile-based online casino was released by Playtech. Most online- based casinos have downloadable apps that users can install on their devices and play anywhere on the go.
iGaming software is what supports modern online casinos. Every gambling website has several gaming providers that source casino products. Examples of gaming software providers include Microgaming, RealTime Gaming, Playtech, and NetEnt.
Online casinos made $21 billion in 2008 and $2.2 billion by 2000. In 2013, $10 million was wagered using smartphones. Social media accounts for 1/5th of the worldwide gambling business worth $1.6 billion.
Some countries such as Qatar and U.A.E. don't allow both online and land-based gambling. Denmark and the U.,K. have legalised online gambling, but Canada doesn't.
Online gambling has come a long way since the days of a land-based casino. Now you can play online gambling anywhere with a stable internet connection, computer or smartphone.