Today, the online gambling industry is valued at slightly above $57 billion , and the history of online casinos roots back in 1994 in Antigua and Barbuda, not far from Guadeloupe. Online gambling sites surged from 15 to 200 in just one year. Since then, the popularity of these websites has continued to rise.
In this discussion, we walk you through a brief history of online gambling. Background
As you already know, land-based casinos are the foundation of online casinos. In the ’70s, physical casinos shifted from mechanical to innovative systems that improved user experience. Even though the programs offered outdated graphics for today’s standards, they paved the way for the digital revolution of modern casinos.
The first software offered virtual blackjack games . Over time, screens dominated the games, although this technology required constant adjustments. The Arrival Of The Internet
Even though land-based casinos offered early digital technology in the ’90s, it was unlikely for gamblers to bet at the casinos’ computers because the numbers were extremely low. They were not as regulated as they are today, which is why many online casinos from the 1990s are no longer operational. The arrival of the internet disrupted systems globally, and thousands could now access gaming systems anywhere.
Currently, the internet allows users to access gaming solutions with optimal coverage. Gaming Commissions
The Free Trade and Processing Zone act represented a significant change in the creation of legal structures allowing players to gamble online safely. The Antigua and Barbuda territory was the first to issue licenses to online gambling operators who were required to meet certain conditions before registration.
Currently, the Act is perhaps the cornerstone of legal online gaming. The gaming giant Microgaming was one of the first to be licensed following the signing of this law.
The Isle of Man is yet another independent territory that founded its gaming commission. In 2003, the eCOGRA or eCommerce and Online Gaming Regulation Act was established to regulate the affairs of online gambling operators.The company ensures player protection, good conduct among operators, and fair gaming. If you’re an ardent gambler, you’ve most likely come across the […]
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