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Taking a look at the history of iGaming through the years

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The iGaming world has changed over the years, but it is always nice to look back at something and see it grow and develop over the years. Over the years, mankind has developed its innovation in a way that helps us in our daily lives, and through the iGaming industry as well.

Before, gamblers had to go and play games directly at a gaming facility, but nowadays gamblers just have to switch on the computer and start playing.

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In this article, we will be taking a look at how innovation has further developed the iGaming industry over the years. Let’s go and take a look!

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  What does the term “iGaming” mean?

Let’s examine the meaning of the term “iGaming” before delving into the evolution of the igaming business over the course of the previous several decades. The term “iGaming” refers to the practice of playing  games online in which the outcomes are wholly and solely determined by random chance. In addition, if a participant were to prevail in a given round of an online gambling game, they would be awarded a prize.

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  Timeline of Online Gambling

  1.   The first iGaming Website

In 1994, Microgaming created the very first website dedicated to online gambling. It was the start of something completely new for casinos. Back in the late 90s, Microgaming was considered to be the biggest gaming developer in the industry. Quite frankly, it is not surprising to see since it was the very first company to ever develop an iGaming website.

  1.   The Kahnawake Gaming Commission

The Kahnawake Gaming Commission was founded back in 1996. It was launched in Canada, more specifically, in the Kahnawake Mohawk Territory. The main reason for the establishment of such a company was for them to be able to regulate all of the worldwide online gambling activity licences.

In addition, InterCasino was the very first gaming establishment to give its players the opportunity to gamble with real cash.

  1.   Microgaming and PlanetPoker 1998 Achievements

In only its fourth year in business, Microgaming released “Cash Splash,” a new addition to their suite of gambling technology. It was the first online pokie machine to offer a progressive jackpot, which can result in high payouts for lucky winners. That same year also marked the debut of PlanetPoker’s first internet poker room.

  1.   Before The Year 2000 Arrived

Before the millennium year struck, there were over 700 top online casinos operating worldwide. These gambling establishments were running games for real money. Furthermore, these same establishments have a multiplayer feature. This meant that players were able to have communication with one another whilst they were playing the very same game.

  1.   Several Countries Started to Accept iGaming

It should not come as a surprise to learn that a number of countries and areas within those nations have allowed online gaming to take place within their borders given the enormous boom that the online gaming industry witnessed throughout the 90s.

For instance, the Isle of Man and Gibraltar are both territories in the United Kingdom that opened their doors to the online gambling industry. More than 8 million gamblers were registered all around the world, indicating that the tsunami of online gambling continued to gain momentum.

That same year, internet gambling generated more than $2 billion in revenue for its operators.

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  1.   Mobile Devices Changed The Idea of Online Gambling

There is no denying that mobile phones have changed our lives completely in the past couple of decades, especially with the use of smartphones. In 2010, online casinos developed their games in a way that can be played through a player’s smartphone, making it even more accessible than it was before. With this development, players were able to play their favourite games any place, any time.

By the time smartphones were able to be used to gamble on, the iGaming industry had already surpassed bets that valued more than $10 billion. Mind you, this is only wagers that were placed on online betting websites.

  The Present Status of iGaming

As we have seen throughout the momentous moments of iGaming in the past couple of decades, we have seen it grow. In the present moment, many players seem to be extremely happy with what online casinos are offering them. With live casino games becoming popular in the past couple of years, it is not surprising to see that players are giving this sort of feedback.

The iGaming sector may be supported by factual data and numbers. In the year 2020, the worth of the iGaming sector was estimated to be somewhere in the neighbourhood of $64.13 billion, and according to the data, by the year 2025, it has the potential to increase up to around $112.09 billion. It should not come as a surprise to see data of this nature given the weekly growth of both the number of players and the number of online casinos.

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  The Australian Interactive Gambling Act

With this legislation, online casinos have to obey a set of rules to be able to operate on the Australian border. This is called the Interactive Gambling Act. Because of this act, online casinos have to obey and satisfy each and every rule as for them to be able to promote and operate for the Australian players. If they do not obey or satisfy any of the requirements, the gaming commission of Australia would immediately intervene and stop its operation.

  Conclusion

Overall, technology has had a massive impact on many aspects such as the film industry. For instance, if it wasn’t for technology, Avatar would not have even existed. The iGambling industry has had a massive impact on traditional casinos, with players being able to play from the comfort of their own home. In the 1990s, the igaming industry was created, due to Microgaming becoming the first ever company to create an igaming website, where players were able to play casino games for real money.

But, one of the most impactful moments ever recorded in the igaming industry was when companies developed a way in which players were able to play their favourite games through their smartphone. The ability for players to play whenever, wherever made it enticing for several players.

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The growth of the igaming industry hasn’t stopped for the past three decades, and with the way things are going, we expect it to stay that way.

Passionate news enthusiast with a flair for words. Our Editorial Team author brings you the latest updates, in-depth analysis, and engaging stories. Stay informed with their well-researched articles.

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