Online Gambling History

Everyone that like technology or it’s on the internet probably already played or views something related to online casinos and gambling, In this year, the online casino industry will generate $56.05 billion dollars and goes generate $59 billion in 2019. That’s a lot of money. Just for comparison’s sake, Disney generated $55 billion last year, spawned a new great industry like

So we decided to create a post explaining how all of this started. This history’s very interesting and everyone should know more about it to understand this innovative and powerful industry.

Online Casino: The Act

Following this initial birth, the online gambling industry saw huge growth. By the end of 1996, there were approximately 15 internet gambling sites in operation. Moreover, by the close of 1997, the industry had exploded and there were more than 200 online casinos, poker sites and sportsbooks available across the world with annual revenues approaching $1 billion.

Online Casino History: The Rise of Sports Betting

Another major development in the world of online sports betting was the introduction of the first modern mobile sports betting apps, which have been designed with first generation smartphones in mind. Many experts expect mobile apps to dominate the market in the years to come, but for now, most operators still tend to focus on desktop-optimized software.

The Rise of Online Poker

Online Casino History: Internet Gaming and UIGEA

Prior to UIGEA’s adoption in 2006, the Federal Wire Act of 1961 was the primary legal statute regarding online gambling in the United States. The Wire Act was originally aimed at older telecommunications but still applies to the World Wide Web despite predating the latter by nearly three decades. The Wire Act prohibits the electronic transmission of information for sports betting, but a 2002 ruling crucially ruled that “in plain language” it does not prohibit internet gambling on a game of chance. For a brief period, this led to a bit of a “wild west” approach to internet gambling in America, which motivated the creation of UIGEA.

Did you already use some online-casino services? Have some good site and thoughts about it? Feel free to use the comments section below and let us know what you think.

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