Online gambling first appeared on the internet in the mid 1990s. In 1994 Microgaming software was founded and still has got the corner market today in most of the online casinos. Microgaming is chip software that runs the many machines found in land and online casinos. There’s some debate as to who was the initial casino to appear on the internet and most would say InterCasino first appeared in 1996. However; there are other people who claim that Microgaming’s Gaming Club was the initial online in 1995.
From the initial casino to go live on the internet, casinos continue to enhance their operations online and tweak the program, servers and connections that cater to the players on the World Wide Web. No matter slow bandwidth causing connection problems for the players, a still raked within an estimated $834 million in 1998.
Intertops was the initial online sports book to appear in 1996; nevertheless, they will be in operation long before that by taking phone bets since 1983. Intertops is still going strong today and is satisfying over 180 countries with their service.
Online poker first sprang up at the start of 1998 and was facilitated by Planet Poker. Following suit was Paradise Poker in 1999, Party Poker and Poker Stars in 2001. Planet Poker is still functioning; nevertheless they no more allow real cash to change hands. Asikqq By 2008 Party Poker had lost the lead on the market to Poker Stars and Full Tilt Poker, estimated by the number of players online.
The popularity of online gambling doesn’t appear to be decreasing since its birth. With state-of-the-art technology, online casinos have the ability of offering real-time play and instant spin capability, thus satisfying all sectors of the gambling industry and increasing revenue. The casino software available today is not only advanced for the players utmost enjoyment but is totally secure.
In 2010 the online gambling industry grew by 12.5% with gross revenues of close to $29.95 billion, regardless of the perceived recession. The web casino sector grew an estimated 13.3% in 2010 and earned an estimated $2.67 billion. The absolute most money adding to the gambling revenue online is generated by sports betting at about $12 billion.
Online bingo stole the lead in being the fastest growing sector for 2010, estimated at 28.4% growth and to the tune of $2.67 billion. Although poker is probably the most mentioned, it was deemed the slowest growing online gambling sector which generated about $5 million.
In 2006 most of the online gambling companies didn’t allow USA players spend profit their establishments anymore due to the uncertainty regarding laws of offshore gambling, after the passing of the Unlawful Internet Gambling Enforcement Act. There is a great debate regarding different states which were legally able to gamble and those who were not. Most of the casinos revised their policies regarding USA play after that and now the majority of online gambling establishments will again accept USA players.