The history of online casinos is a fascinating story. It began in the mid-1990s with technological advancements and legal changes. In 1994, Antigua and Barbuda passed the Free Trade and Processing Act, allowing companies to obtain licenses for internet gambling.
Microgaming was founded in 1994 and launched “The Gaming Club,” one of the first online casinos. Initially, it offered limited games without real money transactions until later years.
By 1995, CryptoLogic introduced secure real-money transactions for online casinos through InterCasino. This innovation allowed players to wager actual money safely over the internet.
As technology improved and internet speeds increased, more sophisticated platforms emerged. By 1998, about 700 online casinos were operational worldwide. Planet Poker became the first online poker site that same year.
Regulation became more stringent due to concerns over corruption and money laundering. The Unlawful Internet Gambling Enforcement Act (UIGEA), passed in October 2006, significantly impacted U.S.-based operations by restricting financial transactions related to betting activities across state lines or internationally without proper licensing.
Despite these challenges, innovation continued, with Playtech emerging as another major software provider in 1999. Live dealer games were introduced around 2006, enhancing player experiences by offering real-time interaction with dealers via video streaming.
From 2010 onwards, mobile gaming transformed how people access casino games on smartphones and tablets. Virtual reality (VR) technology has also started making its mark on immersive gaming experiences.
Cryptocurrencies like Bitcoin have become popular for deposits and withdrawals due to their security features today. Online casino platforms now offer diverse game offerings ranging from slots to live dealer tables with enhanced safety measures ensuring fair play across borders worldwide today!
