How Online Casinos Have Advanced Through the Years
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The online gambling industry is worth around 70 billion US dollars. Online casinos are extremely popular and profitable. Read this guide to explore how this came to happen.
The World Wide Web took off in the 1990s. In 1994, Antigua and Barbuda passed a law that allowed the granting of gambling licenses to online businesses. Microgaming on the Isle of Man launched a site called The Gaming Club, which is believed to be the world’s first online casino. CryptoLogic that specialized in facilitating online financial transactions launched InterCasino in 1995. Intercasino was the predecessor to modern casinos that enable users to play using PayPal funds.
Online casinos have become more sophisticated since the early 1990s. In 1998, the first sites offering online poker were launched and the following year saw the advent of multiplayer online gambling.
As online casinos became more popular, governments all over the world began to take notice and apply various regulations. The increase in regulations resulted in many less professional casino sites dying out, but the industry itself continued to grow in strength and popularity. In recent years, the functionality of online casino has increased dramatically. Mobile gaming has also become more convenient.
