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How Online Gambling Began

How Online Gambling Began

Though many people can’t imagine life without online gambling, it wasn’t even an entertainment option until the 1990s. Online casinos started operating after both Barbuda and Antigua passed the Free Trade and Processing Act. Through the creation of this act Barbuda and Antigua were legally permitted to issue online casino licenses. At the same time, Microgaming was a company founded in order to create the software that online casinos would need to run their games.

To help advance online casinos Microgaming collaborated with CryptoLogic and created encryption software that would allow online casino players to provide their financial information without having to worry about it getting stolen or intercepted.

As online gambling grew in popularity the Kahnawake Gaming Commission was created in Canada. This gave online casino operators another option for obtaining their licensing. The same year, the first online casino was launched, though there is speculation that an online casino already existed at that time. The majority of those in the online casino industry feel that the first one was InterCasino, but it has also been suggested that Microgaming’s Gaming Club online casino came along first.

At the end of the first year in which online casinos operated fourteen more were launched after the first one. The very next year the number of online casinos had risen to over 200. One year after that the total revenue all online casinos had generated exceeded $830 million.

The 1990s also saw the creation of online poker sites. By 1999 there were several online poker sites based in Costa Rica. The first online poker tournament was held in 2000 and kept growing from there.

While online casinos were popping up in the mid-1990s, those who prefer sports betting were hoping to be able to do so online. As a result, InterTops became the first website where people could engage in online sports betting. Once sports betting websites began to rapidly grow, many operators of offline sportsbooks created an online version for their members. To get more people to begin engaging in sports betting online many sports betting sites offered numerous generous bonuses and rewards to their members. As the popularity of online sports betting has grown the sites had cut back on the rewards and bonuses they offered. Even today, new online sports betting sites tend to offer generous bonuses to entice people to join.

In 2000 the world of online sports betting was expanded when began operating. This online sport betting site was the first one to allow its members to bet against each other on the outcome of almost any major sporting event. It wasn’t until 2002 that sports betting sites made it possible for their members to bet on sports events as they were happening. Now players have the option of betting on live sports games on either their computer or mobile device.

Today, gamblers have many options when it comes to both online casinos and sports betting sites that have increased online gambling.

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