When the first casino opened in Europe in the 1700s, no one could have predicted the emergence of online casinos now. In the United States, casinos of any kind were banned right up until the 1920s, when they became legal in the state of Nevada. Evenly gambling began to spread throughout the country and now there are only two states out of fifty, where gambling is illegal.
But, more widespread form of legal gambling in America – it is not a casino, and lotteries.
History of online casino development
Gambling got a strong boost with the development of the web, when software evolved rapidly. On a technical level, analogs of the web had existed since the 1960s, but it was so primitive and so few people had access to it that it didn’t seem to exist for most people. That all changed in the early 90’s when cheap personal computers and affordable web took over the market and enticed the consumer.
With such a wide customer base gambling began to thrive extensively.
The roots of safe online casinos can be traced back to the mid-1990s. The first online casino, InterCasino, was launched in 1996 by Cryptologic, a software development company. This marked the beginning of a revolutionary era in gambling, allowing players to place bets and engage in various casino games over the internet.
The success of InterCasino spurred the development of more online casinos, each striving to offer a diverse and immersive gaming experience. Technological advancements played a pivotal role in this evolution. The introduction of secure online payment methods and reliable internet connections increased the appeal of online gambling.
Licensing and Regulation
As the popularity of online casinos soared, concerns about fair play and security emerged. To address these issues, licensing and regulatory bodies were established to oversee the operations of online gambling platforms. The most notable among these is the Malta Gaming Authority, established in 2001, which set the standard for industry regulations.
Explosion of Diversity
The early 2000s witnessed a surge in the variety of online casino games. From classic table games like blackjack and roulette to innovative slot machines and immersive live dealer games, online casinos began offering an extensive array of options to cater to diverse player preferences.
The introduction of smartphones revolutionized online gambling once again. Mobile casinos emerged, allowing players to enjoy their favorite games on the go. The convenience of mobile gaming contributed significantly to the industry’s growth.
Live Dealer Experiences
One of the most significant advancements in recent years has been the rise of live dealer games. Players can now enjoy the thrill of a real casino experience with live-streamed games featuring human dealers. This added a new dimension to online gambling, combining the convenience of digital platforms with the authenticity of land-based casinos.
In the quest for enhanced security and privacy, online casinos began integrating cryptocurrency as a payment option. Bitcoin and other digital currencies are now widely accepted, providing an alternative for players seeking anonymity in their transactions.
As technology continues to advance, the future of online casinos holds even more exciting possibilities. Virtual reality (VR) and augmented reality (AR) are poised to take the gaming experience to unprecedented levels of immersion, blurring the lines between the digital and physical worlds.
It’s hard to believe that the online casino industry is less than 20 years old. There are now over 2,000 gambling websites, including online casinos. The combined revenue from fun gambling websites is approximately $16 billion.
The history of online casinos is a testament to the industry’s resilience and adaptability. From the early days of simple games to the sophisticated platforms of today, online casinos have come a long way. As they continue to evolve, one can only anticipate the thrilling innovations that will shape the future of this dynamic and entertaining industry.