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A closer look at online gambling

2018-01-06 10:00:00

Online gambling, also referred to as Internet gambling has been around since the early 1990s and year on year, it is growing in popularity among Internet users all of the time. Believe it or not but it was in 1994, in Antigua and Barbuda that first allowed licenses to be granted for online casinos. It was thanks to an online security company called CryptoLogic that safe transactions became a reality and led the way to the opening of the first few online casinos. In 1996, the Kahnawake Gaming commission issued gaming licenses to many of the world’s online casinos and this ensured that these casinos were regulated and kept fair and transparent.

Gaining Popularity

Online gambling became more popular in the late 1990s as there were only 15 websites in 1996 and this jumped to over 200 websites in 1997! When 1998 came around, it was estimated that online gambling revenues had made over $830 million alone! In 1999, multiplayer online gambling was introduced and this enabled players to gamble, and chat with each other as they gambled online. Incredibly, by 2001, the number of people gambling online was estimated to be 8 million! This makes perfect sense when you consider multiplayer online gambling only be introduced and the advent of internet gaming had occurred at the same time. In 2008, it was estimated that worldwide online gambling revenue was over a staggering $21 Billion and it is estimated that by 2018 this figure will rise to over $56 Billion!