The online gambling has evolved in less than 20 years in a market it is 35 billion dollars a year. In this special we trace the main stages of the history of online casinos, the plebeian origins of the current sophisticated level, where social gambling, mobile access and multi millionaires awards have become the industry standard. www.jackpotbetonline.com
1994 Antigua and Barbados open to business frontiers. The Caribbean nation was the first country in the world to regulate the online gambling with the approval of a specific law.
1994 Microgaming, international giant of online gaming, developed the first software dedicated to gambling.
1995 Cryptologic just put the first communication protocol encrypted to secure transitions to finance the network.
1996 The first bet money on took place on Intercasino pages. This platform offered 18 online games and access to the National Indian Lottery.
1996 The Kahnawake Gaming Commission formulates a law to regulate online casinos.
1998 Microgaming launches the first progressive jackpot slot named Cash Splash. Progressive slots are different from other types because the jackpot is accumulated through the play of more devices connected to each other through a server.
1998 Planetpoker sends the first online poker room in history.
At the end of 1998, the number of online casinos has passed the wall of 700 units.
The boom of online betting
2000 The beginning of the new millennium marks the boom of online betting: the revenue of online casinos exceed $ 2.2 billion. The US players contribute with more than 2/3 of total revenue.
2001 The gambling becomes a global phenomenon thanks to the first licenses granted in British enclaves Isle of Man, Alderney and Gibraltar. In 2001 the number of online gamers is 8 million.
2005 The online gambling reaches its peak. PartyGaming, 888.com and Playtech, recorded the first public offerings. Also in 2005 the British government approves the Gambling Act, which represents the more liberal law on gambling in Europe
International regulation and dimming
2006 The gambling made in the USA receives a “hit” with the UIGEA, a law that defines illegal for banks and companies that issue credit cards to financial transactions via internet with gambling sites. Many international operators migrating from the United States.
2008 H2 Gambling Capital estimates that worldwide revenue related to online gambling have reached the quota of 21 billion dollars.
2010 There are more than 865 international online casino operators.
2010 PartyGaming merged with Bwin to form the largest public company linked to gambling.
2011 The US Government dark Pokerstars, Tilt Poker and Cereus for violating the UIGEA rules. Although they have been affected only to poker websites, the blackout is as a whole a bad signal to the entire world of online gambling.
New technology, new frontiers
2011 Record of wins. A Norwegian student wins of $ 11.7 million playing a progressive slot machine on Betsson.com site. This is the Mega Fortune machine produced by Net Entertainment’s.
2013 The gambling boom in mobile version. Juniper Research reveals that 10 billion dollars were brought into play through the mobile application.
2013 The social gambling is growing exponentially, reaching a fifth of the total value of dell’industri social gambling ($ 8 billion). The start up leaden alone contributes over $ 40 million to the overall budget of the social casino games.
Currently, online gambling is legalized in 85 countries, contributing to the 35 billion dollars of Industry value.