The Internet is undoubtedly one of the best innovations in human history. Thanks to the Internet, we have easy access to vast information, entertainment, and many money-making opportunities, just with a mobile/computer and an Internet connection. All in all, mobile devices have bought a significant change in the way we all lead our lives.
One sector that has significantly gained from it is the online gambling industry. To be precise, the Internet casinos sector has been at the front line of virtual techs’ newest advances. Even though online casinos had to face many downsides, they have still done their best to thrive, and it still looks like things are going to get better. So, the following is some history of online gambling with the oldest casino sites.
The Onset of Online Gambling
The first online casino sites were functioning in the mid-90s. But they were nowhere near the top online casino sites that are working today. The leading online casino sites started operating in Antigua and Barbuda’s islands because of their free trade and processing act.
The bill gives excellent advantages to Carribeans as they can grant licenses to the businesses that want to start Internet casinos. Eventually, it gave birth to a new industry itself.
Simultaneously, Microgaming, one of the industry’s most significant software providers, was emerging. Considering the history of Internet casinos, Microgaming is still going strong, and it has revolutionized the online gambling industry. Microgaming is also among the most trustworthy software providers. Microgaming software supports all online gambling sites, be it roulette online, poker, casino, or anything between them.
The revolution of online gambling
The Kahnawake Gaming Commission (1996) brought a significant upgrade in online gambling. A Mohawk Indian tribe operating in Canada is the owner of it, intending to issue gaming licenses.
It coincided with the onset of the oldest casino sites, so the website that came up first among them is debatable. There are many inaccuracies inside the online gambling sector. It is why some sources say that 888 casino and InterCasino came first, while others say that Microgaming came first. However, GamingClub beat the gun by opening in 1995.
After the initial period, the online gambling sector witnessed a humungous growth. So, around 15 online casino sites were functioning by the end of 1996. Surprisingly, there were more than 200 online casino and poker sites by the end of 1997, with annual revenue of around 1 billion dollars.
The emerging of sports betting.
Online gambling was progressing from Internet casinos to online sportsbooks. In 1996, InterTops was the first to provide a new way for the followers to bet on the teams they think would win. It was a success, and there was an instant expansion. In two years, few of the world’s top bookmakers started opening their online casino sites.
In the early times, these sites gave the gamblers massive bonuses and cashback offers to attract them. But these deals started settling with the maturing of the market. Yet, new-school online casino sites are like Mecca for such offers, only if you know the right places to look for offers.
Developments in the online gambling industry
With time, the tech improved not only, but even the experience level of players was increasing. Graphics were better, sound effects became realistic, and the number of errors was less. Anyhow, most of the players wanted to stick to real casinos. It was only until the onset of live dealer games.
State-of-the-art tech lets players watch live streams while playing, filling the gap between genuine casinos and online counterparts. Today, most gamblers prefer online casinos over others. Furthermore, if you notice, you will see that most online casinos begin with a live session.
The rise of mobile devices was of great advantage to various industries, including the online gambling industry, reaching a milestone. Online casinos needed to adapt to smartphones. There are endless ranges in smartphones that can fit in the budget of almost all classes of people.
Considering this, many big-time casinos started investing in it. All in all, online casinos are enhanced to run smoothly on any recent smartphone just like they run on computers.
The onset of online poker
The first online casino site to offer poker is Planet Poker. It was established in 1998, and it lured in many players. Sadly, the site had a lot of errors and technical glitches. Many players were using dial-up Internet services back in the day. It made the condition worse and gave birth to a high number of downloading other speed-related issues.
After Planet Poker went down, it gave space to many other sites like Partypoker, Paradise Poker, and of course, PokerStars. Paradise Poker was the first one, coming out in 1999, from Costa Rica. It took very little time for Paradise Poker to become the biggest platform in the market. Paradise Poker was more advanced than Planet Poker, and it bought in thousands of players daily, raking in a lot of money.
PokerStars and Partypoker came out in 2001, two years after Paradise Poker. Soon after their release, they became the top two online casino sites in the world. Furthermore, Poker Stars is accountable for the explosive growth of online poker.
History of Online Gambling: Internet Casinos
Online gaming was tremendously popular in the USA. Authorities thought to make things fair. Thus, they passed the UIGE act (Unlawful Internet Gaming Enforcement). Now, it was illegal to withdraw and deposit funds from and to an online casino site.
All of it gave birth to a considerable amount of confusion about Internet casinos and online gambling’s legality in general.
Because of it, many online casino sites shut themselves down or did not let US players come in. But, the UIGE act didn’t declare online gambling as illegal. Instead, it took a dig on the payment processing companies. Anyhow, it led to a lot of confusion, and many sites stopped conducting business with US consumers, and it took a hit at their revenues.
Like PokerStars, many sites still let US customers, but the government-controlled their websites in return. There is always scope for online poker in the US in the future, although it remains a gray area as of now.
What is the future of online gambling?
Despite all the ups and downs, online gambling is phenomenally successful today. As far as it goes, online gambling has a very bright future. Day by day, more players are transitioning to online gambling and preferring it over the traditional casinos. Companies invest a hefty amount of money in improving their technology and providing the best experience to players.