Online gambling first appeared on the net in the mid 1990s. In 1994 Microgaming software was founded and still gets the corner market today in many of the online casinos. Microgaming is chip software that runs the various machines found in land and online casinos. There is some debate as to who had been the initial casino to appear on the net and most would say InterCasino first appeared in 1996. However; you can find others who declare that Microgaming’s Gaming Club was the initial online in 1995.
From the initial casino to go live on the net, casinos continue to enhance their operations online and tweak the application, servers and connections that focus on the players on the World Wide Web. Regardless of slow bandwidth causing connection problems for the players, the still raked within an estimated $834 million in 1998.
Intertops was the initial online sports book to appear in 1996; however they will be in operation a long time before that by taking phone bets since 1983. Asikqq Intertops continues to be going strong today and is satisfying over 180 countries with their service.
Online poker first sprang up from the beginning of 1998 and was facilitated by Planet Poker. Following suit was Paradise Poker in 1999, Party Poker and Poker Stars in 2001. Planet Poker continues to be in operation; however they no more allow real cash to exchange hands. By 2008 Party Poker had lost the lead in the industry to Poker Stars and Full Tilt Poker, estimated by the number of players online.
The popularity of online gambling does not seem to be decreasing since its birth. With state of the art technology, online casinos have the ability of offering realtime play and instant spin capability, thus satisfying all sectors of the gambling industry and increasing revenue. The casino software available today is not merely advanced for the players utmost enjoyment but is wholly secure.
In 2010 the online gambling industry grew by 12.5% with gross revenues of near to $29.95 billion, regardless of perceived recession. The web casino sector grew an estimated 13.3% in 2010 and introduced an estimated $2.67 billion. The most money causing 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 the most discussed, it had been deemed the slowest growing online gambling sector which generated about $5 million.
In 2006 many of the online gambling companies do not allow USA players spend money in their establishments anymore due to the uncertainty regarding laws of offshore gambling, following passing of the Unlawful Internet Gambling Enforcement Act. There was a good debate regarding different states that were legally in a position to gamble and those that were not. Lots of the casinos revised their policies regarding USA play since that time and now many online gambling establishments will again accept USA players.