The internet is widely regarded as one of the greatest innovations in human history. The internet has undeniably transformed how we live our lives by providing rapid access to information, entertainment, and money-making opportunities for anybody with access to a computer or mobile device.
The online gambling industry is one area of society that has significantly profited from the internet. Indeed, the online gambling sector has been at the forefront of the most recent breakthroughs in virtual technology.
Another significant breakthrough in the history of online gambling occurred with the formation of the Kahnawake Gaming Commission in 1996. The commission, owned and administered by a Mohawk Indian tribe in Canada, was founded to issue gaming licenses.
The establishment of the Kahnawake Gaming Commission coincided with the debut of the first online gambling sites; however, which site was the first is debatable. Online gambling history is typically riddled with inconsistencies, and although some sources claim InterCasino was the first virtual platform, others claim Microgaming’s service was the first. Microgaming’s GamingClub opened in late 1995, beating them to the punch.
Following its inception, the online gaming business saw rapid expansion. By the end of 1996, about 15 internet gambling sites were up and running. Furthermore, by the end of 1997, the sector had grown, with over 200 online casinos, poker sites, and sportsbooks available worldwide, with annual sales nearing $1 billion.
The Birth of Online Gambling
Online gambling establishments first appeared in the 1990s. It was a time when the internet was just getting started commercially, and it was being utilized to move many land-based enterprises into the virtual realm. The gaming sector was among the first to gain.
The first online casino is said to have been established in 1994, yet there is no definitive evidence on the internet as to which casino this was or whether it still operates today. We know that Microgaming, a primary casino software provider in the online gambling sector, collaborated with Cryptologic to establish the first online gambling site. It was when Antigua and Barbuda, one of the first offshore licensing countries, approved the Free Trade and Processing Act, which allowed internet gaming businesses to get a license and build offices there. This licensing jurisdiction is now connected with unscrupulous internet casinos.
From 1996 to 1997, internet gaming sites rose from 15 to 200 in a single year. Since then, the popularity of gambling websites has been steadily increasing.
Back then, the games were rudimentary by today’s standards but efficient by 1990s ones. They were indeed not as regulated as they were today when about a dozen third-party auditors and organizations were in place to keep the standards. It’s no surprise that the earliest internet casinos failed to survive till now. The oldest still functioning today is dated 1997 or maybe 1996, although just a few of those survive.
The first internet poker sites appeared in 1998. The online gambling sector was estimated to be worth $830 million as recently as this year. Then, in 1999, multiplayer online gambling was added, allowing for greater user involvement and paving the way for the present trend of MMORPGs, a billion-dollar business with no signs of slowing down.
Transition to the modern era
Since then, there have been several sites that have made an indelible mark on the business. Some evolved, while others regressed and are now recognized as the industry’s bad apples. Those at the top now have fully embraced current technology, providing top-tier websites designed for every mobile device imaginable without downloading a casino app and yet performing as well as if accessed through a native app.
Those unfamiliar with the events of nearly 20 years ago would be dissatisfied with the appearance of the games and the software’s operation. It was nowhere near the selection accessible today, but being able to play real money casino games straight from your house was still an astounding achievement. You may now play casino games from online casino sites whenever and wherever you choose.
The market immediately became highly competitive. As new operators appeared in the 2000s, offerings varied, incentives increased, games were upgraded, and loyalty programs were implemented. The features of online gambling sites were continually being improved.
Soon, enormous progressive jackpots appeared, multiplayer games were invented, themed slots and live casinos were popular, and everyone was becoming increasingly into online gambling. The mobile casinos now available are most likely the icing on the cake. Being able to bet online on your smartphone or tablet wherever you go has been a fantasy of dedicated gamers since the first iPhone was released.
Poker players are perhaps the happiest consumers, with the opportunity to enter the World Series of Poker events by winning satellite championships at the largest online poker networks.
The internet gambling sector earns billions of dollars yearly, yet several governments refuse to regulate it, owing to parliamentarians’ close links to the land-based casino industry. This was the most publicized case in the United States. Nonetheless, things are looking up with the efforts to legalize internet gambling.
Introducing Mobile Casinos – The 21st Century Way to Gamble
Before becoming the ubiquitous phenomenon we know today, internet casinos had to pass another test. With the development of mobile devices, online casinos were forced to adapt. Today’s smartphones and tablets have limitless possibilities, and even the most basic models have many times the computing power of PCs and laptops from 20 or even 15 years ago. Without getting too technical, this implies that they will have a version tailored to work on every newly launched smartphone or tablet just as well as modern-day desktops.