How the gambling industry has evolved over time
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Gambling dates back to 2300 BC. People would gamble their belongings, including food or cattle, before money. The core principle of gambling has not changed.
Gambling was private until the 1600s. The first casinos were created in Italy. They were controlled gambling environments. Gambling houses became more commonplace in Europe in the 1800s and in America shortly after the Great Depression.
The earliest dice date back to ancient Egypt. The first known slot machine was invented in the latter half of the 1800s. Many slot machines still bear the symbol of Liberty Bell.
The first VLT was introduced 20 years after the first internet gambling. Online gambling became a multibillion-dollar industry before the year 2000.
The online gambling industry has evolved over time. It's hard to believe that it's only been legalized within the past decade. The online gaming market is expected to reach $53,755.7 million by the end of 2025.
Gambling was illegal in the Western hemisphere until the Great Depression. Now it's largely legal in USA and surrounding countries, but there are still grey areas. The legislation for casinos and gambling businesses to be more ethical and enforce responsible gambling has improved.
Technology makes it easier to track the movement of money. Innovations like augmented reality could shape the future of betting.
