How the casinos you know and love today have come to be
This article explores how the world transformed from the very simple beginnings of online gambling right through to current society, where you can enjoy the convenience of taking your favourite casino out on the go with you via your mobile device.
- Online gambling offer players comfort and convenience, eliminating the need to visit a land-based betting infrastructure.
- Players have access to more games and betting options when gambling online.
The two major forms of online gambling are online casinos and online sports betting. While there are operators that offer both services on their website, it is also common to find those that focus on just one aspect. In this article, we will be discussing the history of online gambling in great detail, but with a focus on online casinos. |In addition to that, we will also explain the different phases of online gambling via the internet as well as the way it has grown over the years to what it is today. Without further ado, let's get started.
History of Online Casinos
Although it is difficult to say exactly when online gambling started, it is commonly believed that it was effectively born in 1994 when Antigua and Barbuda passed the Free and Processing Act. In this act, it was specified that any company that wants to provide internet services in the island nation over the internet must be granted a license before they can operate. In that same year, a software gaming company called Microgaming was established on the Isle of Man, and it was responsible for the creation of the first fully functioning online casino known as the Gaming Club.
In 1995, another company called CryptoLogic was established, and it specialised in real money transactions over the internet. CryptoLogic launched the first real-money online casino called InterCasino and revolutionised the way financial transactions worked online, thus making it faster and easier for players. These two brands, Microgaming and CryptoLogic, are the key players when talking about online gambling. Since then, more casino game developers and betting sites have entered the online gaming industry. In fact, there are now casinos without registration where you can play different kinds of games and claim bonuses without having to go through the stress of filling a registration form.
The Popularisation of Online Casinos
According to Statistica, the size of the online gambling market, as of 2020, is estimated at $66.7 billion and expected to hit $92.9 billion by 2023. The growth of online casinos can be linked to the flexibility and comfort that they offer. However, the online gambling market has become extremely competitive.
Each betting site strives to deliver the best services to players and also provide access to a variety of games such as video slots, instant win games, table games and so on. Besides that, they come up with various schemes to entice players in, and this is how welcome bonuses came to be.
- The online gambling industry is worth $66.7 billion in 2020.
- The use of bonuses by betting sites may have contributed to the growth of the industry.
The Emergence of Live Casinos
As time went by and technologies improved, players were able to enjoy better gaming experiences playing online. The graphics of the games were of high quality and different features were being added to make them even more realistic. Despite these advancements, the vast majority of players still preferred the sensation of playing at land-based casinos.
This lead to the creation of live casinos, where players can play against one another as well as human dealers on an actual gaming table right from their comfort zone. There are different kinds of live dealer games that top casino sites feature, and they include:
- Live Roulette
- Live Baccarat
- Live Blackjack
- Live Poker
- Live Monopoly
When online casinos first started, players could only access them through their desktop computers in order to play real-money games. But the invention of smart mobile devices such as smartphones and tablets gave people a chance to use the internet on the go. For this reason, many online casinos optimised their site with mobile users in mind.
Today, you can play and wager on almost any kind of game on your mobile devices. In fact, there are several online casinos and app developers that design downloadable apps that you can install on your mobile devices to access games.
Virtual Reality Casinos
While the concept of Virtual Reality (VR) can be traced back to the 1980s, it was only recently adopted into online gambling. VR Casinos give players a more realistic experience than regular online casinos. With the use of virtual reality technology, players can choose seats in 3D games and interact with other players as if they were in the same room. According to CNBC, the total amount of bets from VR gambling was $58.5 million in 2016, and it's expected to hit $520 million by 2021. However, considering the cost of devices that players need for VR gambling, this growth may be held back.
Online Casinos Without Registration
In 2015 shortly after the introduction of VR Casinos, Trustly launched its Pay N Play service, which allowed players to make deposits and play games at an online casino without going through the repetitive process of providing basic information.
The financial institution that partners with Trustly shares basic KYC information with Pay N Play online casinos during the deposit process, thus making it fast and easy for players to access games. The phases of online gambling that we have discussed so far in this article have contributed to making the gaming experience an awesome one, and we expect more innovations in the future.
SiGMA adds Hindi as its 7th language:
SiGMA Group is excited to announce the launch of a 7th language to its website. Users can find all content, including the SiGMA News website, in Hindi. The latest addition to SiGMA’s portfolio of languages will run alongside the recently launched French, Russian, Mandarin, Spanish, and Portuguese content, and aims to cater to SiGMA’s global vision.