Online gambling

History of online gambling and online casinos

online casino
(© Maksym Yemelyanov – stock.adobe.com)

Undoubtedly, the Internet is one of the most important inventions in the world. It brought direct access to information and made communication easier and faster between people. Also, it provided newer entertainment opportunities for people including online gambling.

Gambling is a very popular pastime these days. Lots of people are having fun and trying their luck at the best online casinos in Canada. Thanks to the wide range of online casino games, everyone can find games they like.

Below we will dive into the history of online gambling and online casinos. This way, you will know how long these casinos have been around and how they have evolved over the years.

The first online casinos in history

When it comes to the origins of online gambling, it all goes back to a major event in 1994. But what happened that year? Antigua and Barbuda approved the Free Trade and Transformation Act. This new bill allowed this small Caribbean country to issue licenses to companies that wanted to provide some kind of online gambling services. As a result, the very first gambling sites emerged in the mid-90s. But these sites weren’t like the top gambling sites operating today. They were simple and had a much smaller game library.

If you are wondering what was the first online casino, Gaming Club is considered the first. It was created by the pioneering company Microgaming in 1994. However, players had to wait until 1995 for the casino site to fully function. Interestingly, Microgaming is still operating today. In fact, this company is one of the biggest gaming software providers in the industry.

Another company worth mentioning regarding the history of online gambling is CryptoLogic. This company created the famous online casino InterCasino in 1996. Many people consider this casino to be the first existing online casino. Since both casinos started operating almost at the same time, it is understandable that there is an ongoing debate about this. No matter who is right, Gaming Club and InterCasino have been pioneers in the world of online gambling.

After the appearance of the first casinos, many other companies created their own casino sites and began to operate. In 1997, there were over 200 online casinos and sports betting sites available to players. When it comes to online gambling, the worldwide annual turnover was $1 billion in 1997. So, it’s easy to see why more and more companies wanted to get into the industry. money games. Since the 1990s, the industry has grown steadily at a rapid rate, reaching $58.9 billion in 2019.

Gambling sites stand the test of time

Considering there were over 200 gambling sites in 1997, imagine how many online casinos could be operating today. Thousands of them! Over the past few decades, a large number of new casinos have been launched and many of them have only been in operation for a few years. However, there are a few gambling sites that have been around for a very long time. Therefore, they have stood the test of time. Here are some of the most reputable sites that have been around since online gambling began:

  • InterCasino
  • game club
  • InterTops
  • English Harbor Casino

Back in the 90s versus now

If you regularly play online casino games, chances are that you will be disappointed with the first gambling sites that existed in the last century. This is mainly because back then the technology was not as advanced as it is today. Game options were limited. Also, the games weren’t as impressive as they are today.

However, with more and more operators moving into the online gambling industry, the competition between companies has also intensified. To become the best gaming service provider, operators have tried to make the most of new technological developments. Ultimately, this led to more unique and better games appearing. Nowadays, most online casinos and their games use the latest technology. There are even games you can play with a virtual reality (VR) headset!

When it comes to game selection, many gambling sites offer thousands of different games to their players. The most common types of games are:

  • Slot machines
  • black jack
  • Baccarat
  • Roulette
  • Craps
  • Poker
  • Games with live dealers

Why gambling sites are so popular

As mentioned above, online gambling activities and online casinos have grown in popularity over the years. And to this day, the industry continues to thrive! The size of the online gambling market is growing significantly year on year. According to the expectations of experts in the field, it will reach $92.9 billion in value by 2023.

The main reason why online casinos are so popular these days is that they make gambling so much easier. People no longer need to go to land-based casinos to play slots, roulette, baccarat or other entertaining casino games. They can enjoy these games from the comfort of their homes. Also, let’s not forget the fact that many people enjoy gambling in online casinos as it provides them with a great opportunity to win lots of money.

The bottom line

The first online casinos emerged in the mid-1990s. Since then, they have come a long way in terms of game selection, quality and security. Moreover, more and more gambling sites have appeared in the market over the past decades.

Since online casinos offer a great opportunity for entertainment and big winnings, it’s no surprise that they are in high demand around the world.

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