The Growing Online Gambling Industry

Online gambling has become the leading way of gambling. Fueled by the latest growth of virtual technology. It is one way it has benefited from the internet. Its history has not been smooth, but over the last decade, it has flourished and looks set to continue doing so.

 

Online gambling start

 

Online gambling started in the mid-90s. The first online gambling websites were not as advanced as they are at present. The best sites started out of the small Caribbean islands of Antigua and Barbuda. The islands’ law implemented in 1994 allowed interested parties to start online casinos. Around that time also, there was the emergence of Microgaming. One of today’s leading software provider for the industry. That started the new online gambling industry.

In 1996 the industry got a boost. The Mohawk Indians formed the Kahnawake Gaming Commission. Based in Canada, the commission was set up to grant gambling licenses. Microgaming launch GamingClub as the first online gaming site in late 1995.

 

Sports

 

Online gambling then had a spurt and there were about 15 online gambling websites at the close of 1996. Among those in 1996, InterTops was the first to offer online betting so sports fans can wager on teams they love. The success of InterTops led to rapid growth in this area. With leading bookmakers launching gambling sites. By the end of 1997, the industry exploded with the launch of more than 200 online gambling sites globally. They included casinos, sportsbooks, and poker sites. They controlled annual revenues of almost $1 billion.

 

Poker

 

Planet Poker the first online gambling site for poker launched in 1998. The site became popular in a short time. But failed due to glitches and technical problems the site experienced. But its failure led to the birth of new poker sites. They included Paradise Poker in 1999 in Costa Rica. It became the leader in the business. With new advances in technology, thousands of players could play on the site daily.

In 2001 Partypoker and Poker Stars launched. And emerged as two top global online gambling sites. The year 2000 saw Betfair enter the market and introducing peer-to-peer betting. It gave players the ability to make bets among themselves with the site taking a commission for each bet. Two years later in-play sports betting started. This was another boom taking online 샌즈카지노 gambling to another level. It benefited with access to mobile devices as well as desktops.

 

Growing acceptance

 

Despite online gambling popularity, the 1996 Unlawful Internet Gaming Enforcement Act still exists. That law makes it illegal to pay and withdraw money for online gambling. But online gambling itself is not illegal. This made it difficult for U.S. Players. But Europe recognizes online gambling as a right. Online gambling sites are trying to get the U.S to adopt the same position.