|
It is believed that gambling evolved with the birth of civilization. Human being’s nature to win big drives them to gamble. Gambling was practiced throughout history in many forms, whether it was bets on war or a battle or cock fights. Gradually with time, dice games and other forms of archaic games which allowed mankind its much needed outlet for risk taking came into picture. Later came into existence the cards game, roulette, sports bets, and all the other gambling options that we have today. These games had something in common – money and people.
Casinos were and are rich man’s place to gamble in. They offer a glitzy and classy atmosphere for people of high society to play with fellow gamblers and spend some gala time. With the advances of technology, especially internet, gambling has taken the form of Online Casinos changing the entire concept of traditional land-based casinos. It has become popular in a very short span of period. It is considered to be a leading source of earning as well as entertainment for many.
Online gambling caught on like fire and is today one of the biggest and most successful industries on the planet with billions of dollars in revenue each year, and the numbers just keep growing. Along with this came many technological advancements in software as well as increasingly efficient and user friendly systems. There are many advantages of online gambling compared to land-based casinos which drive the traffic to Online Casinos.
Online Casinos are nothing but better variant of traditional casinos providing an incessantly expanding range of games dragging plenty of people towards the glamour of Online Casinos. It has many advantages over traditional casinos – it can be played from the comfort of one’s home free of cost, without any traveling hurdle.
Sources provide several types of information about the evolvement of Online Casinos. What best can be understood is, around 10 to 15 years back traditional casinos took the form of Online Casinos providing plenty of options and advantages for people.
Online gambling first made its entry in mid 90’s, when the Caribbean Islands of Antigua and Barbara passed the Free Trade and Processing Zone Act that allowed the legal jurisdiction to issue gambling licenses. It acted as a catalyst in the growth of the internet gambling industry. Initially, the online gambling industry was set back by a major obstacle with the anti-gambling laws, but it survived and is never contained for long.
The first online casino came with 18 different games providing online access to the National Indian Lottery. The revenues for the year 1997 in online gambling industry were $1 billion, with $600 million from the U.S. alone. Every year the revenues were getting almost tripled and by the end of 2006, it reached around billions.
An organization called eCOGRA (ecommerce and online gaming regulation and assurance) established in the year 2003 in order to provide a safe environment for gambling. It regulates, monitors, and certifies online gambling sites and is a benchmark for the industry.
Today, online gambling industry has reached such a height that it is earning revenue in billions.
|