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History Of Gambling
Online Gambling History: Knowing more about online betting
As an online gambling enthusiast, it is very important to know the roots of the online gambling industry. An overall background of the online gambling history will help you to know more about the roots of this growing industry. Though online gambling is a recent phenomenon, it is important to know the major advancements that led to the development of internet casinos.
With the online gambling history, you will be able to possess the idea of how the internet casinos actually began. It will offer you an overview on all key personalities who played an imperative role in the growth of the online form of gambling. Apart from this, you get to trace the figures and facts that paved the path for the growth of online casino gambling.
It was the year 1996 when casino emerged in a new way before all gaming enthusiasts. Actually, the online gambling history started two years before in 1994. It was1994 when the governing body of the Antigua Barbuda had passed ‘The Free Trade and Processing Zone Act’. This was the act that allowed licensing of the online casino operations.
The inception of internet casino also led to the introduction software providers. The Micro gaming (MG), which is one of the popular software developers for the online casinos came into being around 1994. It was then when the online players started to enjoy the quality graphics and innovation. In the later years, many other gambling soft wares were also developed aiming better game play.
Starting in 1996, the online casinos experienced a great expansion in the later years. With more and more virtual casinos coming up in the following two years, concern over honesty and safety became apparent. With the growing needs, better software programs were initiated and Antigua became another country to offer licenses in these two years. It was 1998 when Micro gaming introduced its Cash Splash, which became the first progressive jackpot of all time.
Online gambling history also shows you different oppositions that took place from time to time. In 1998, the first opposition took place in the form of introduction of the bill by the United States Congress. This bill tried to crack down the reputation of the online casinos. The bill aimed to prohibit US citizens from participating in the online gaming activities. However, the concerned bill was not passed. It was around this time when the online casino business reached to a figure of $1 billion.
In the next year, John Kyl (R-Ariz) the US senator who introduced the Internet Gambling Prohibition Act in 1998 tried to pass the bill by bringing in a different version of the earlier one. This bill also failed to pass at the end. In 1999, the total number of the online casinos reached a huge figure of over 700-mark. In the same year, the first ever Australian online casino- Lasseters also started its new venture. Few months after the introduction of Lasseters, the Aussie government through a law banned the further growth of new online casino sites. Thus Lasseters remained the sole casino site of Australia.
With the dawn of the new millennium, the online casinos started with an entirely new era. In 2000, more new progressive jackpots were introduced and Isle of Man and Gibralter became the two newest jurisdictions that started offering casino licenses. Cryptologic became the first ever online gambling site to rank in stock market.
In 2001, through a poll it was estimated that around 8 million people has tried their hands in online gambling. Additionally, the accounts of most internet casinos averaged to more than 500,000 accounts. In the later years many far reaching improvements took place in spite of the oppositions from governments of many nations.
Thus, the history of online gambling will offer all the online gamblers the knowledge on the unknown truths of this enchanting gambling world.
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