The history of online gambling is diverse. According to researches, it is said the humans have shown interest in gambling long before casinos are invented. Although it is highly common for certain people to regard gambling as an immoral act, it is a known fact that people are always looking for ways to gamble in hopes of earning more money in return. The mid-90s is when the love for gambling has been eased and simplified. Back then, the internet users was growing rapidly and opportunists saw the advantage and started bringing gambling online. Then, players worldwide were able to experience online gambling in the comfort of their own homes all thanks to the development in technology. With online casinos, players no longer need to dress up and prepare themselves in order to head to the casino to play their favorite casino games.
How Online Gambling Started
A small Caribbean nation known as Antigua and Baruda had started the Free Trade and Processing Zone Act of 1994. This in turn gave them the power to give out licenses to entrepreneurs who wish to start their own online casino businesses. This has set the gambling revolution that we see today. It is tricky to track back to the first online casino because the details are insufficient and information is vague. However, according to the University of North Carolina, the first known online casino was established in 1995 with only 18 games to offer. As opposed to that, there are also reports that said Microgaming had the first online casino in 1994. Whatever the case is, the drastic growth of online casinos took place in 1997 and there were more than 200 online gambling websites by the end of that year. In 1998, a research done by Frost & Sullivan has confirmed that more than $800 million revenue was made in that particular year.
The Future of Online Gambling
Online gambling is one of the most lucrative businesses in the world. However, it is often disrupted by legal challenges in many countries where gambling is considered illegal. This does not stop online gambling to continue growing on a global scale. With the help of more advanced smart phones, internet as well as virtual reality technology, online gambling will continue to revolutionize in the coming years.