History of online gambling and online casinos
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The internet is one of the most significant inventions in the world. It brought direct access to information and made communication easier and faster between people. Online gambling is an entertainment option for people, including online casinos.
Antigua and Barbuda approved the Free Trade and Processing Act in 1994. This new law allowed the issuing of gambling licenses. The first online casino was established by Microgaming in 1995. CryptoLogic created the InterCasino online gambling site in 1996. Since the 90s, the industry has grown and now there are more than 200 online casinos and sports betting sites. The global annual revenue of the online gaming industry was $1 billion in 1997.
There were more than 200 gambling sites in 1997. Many of them operated only for a couple of years. Some of the most reputable sites have been around for long time.
Back in the 90s, the first online gambling sites were limited and the games were not as impressive as they are today. Today, more and more operators are entering the online casino industry and competition between them has become bigger. This has led to the appearance of more unique and higher-quality games.
The most common types of games offered by online gambling sites are: Slots, Baccarat, Roulette and Craps.
The market for online gambling is growing and is expected to reach $92.9 billion by 2023. Online casinos are popular because they make gambling easier and offer people a great chance to win money.
The first online casinos came into being in the middle of the 90s. Since then, they advanced a lot regarding game selection, quality and security. More and more gambling sites appeared on the market over the last decades. Online casinos offer an excellent opportunity for entertainment and big wins.
