Online Gambling: It's Past, Present, and Future
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The first online casino, InterCasino, launched on the internet in 1996. Today, the industry is worth an estimated $45 billion. With more countries legalizing and regulating online gambling, it's only expected to grow.
Online gambling has come a long way since its inception in the 1990s. The first online casinos were simple affairs with basic games such as blackjack, roulette, and slots. In the late 1990's, the development of more sophisticated technology made it possible for developers to create more complex games. This made online gambling more attractive to players and led to rapid growth in industry.
Today, online gambling is a fully-fledged industry with a wide range of products and services on offer. People are stuck at home during the COVID-19 pandemic and they are turning to online casinos and sports betting sites.
The rise of crypto casinos allows players to gamble with Bitcoin, Etherum and other cryptocurrencies.
Free-to-play gambling is a relatively new phenomenon that is becoming increasingly popular. F2P casinos offer players the chance to gamble without risking any of their own money.
Live dealer games are casino games that are streamed live from a studio or real-life casino.
The use of artificial intelligence (AI), virtual reality (VR), and machine learning will become more prevalent in the online gambling industry.
As the industry grows, we are likely to see increased regulation from governments around the world. This could include measures such as age verification and anti-money laundering measures. Innovative payment methods will be introduced in the online gambling industry, such a as the use of cryptocurrencies and other digital currencies. Even in restricted areas of gaming, people will find ways to access it.
Smartwatches and other wearables will become more common in the online gambling industry. This technology will allow players to gamble on the go while still being able to stay connected to the action.
