For those who love to gamble, there are several different categories that they can choose from. One of these is the land-based casino. But now, thanks to the use of modern technology on the internet, this goes a step further, with the ability to enjoy online casinos.
What Are Online Casinos?
Online casinos are just a virtual version of the bricks and mortar establishments. They have a lot of similarities, but some differences as well. Casino gambling has come a long way since 1845 when gambling was only allowed at racetracks.
The Introduction of Online Casinos
It was back in 1994 when Barbuda and Antigua began supplying licences to those who wished to operate a legal online casino. This came under the Free Trade and Processing Act. The enthusiasm was there for business owners, who wanted to enter into this industry of online gambling, with the first online casino being InterCasino. It is hard to imagine if anyone really knew, just how widespread this form of gambling would become.
The Power Behind the Casinos
Having a licence to operate legally was one requirement, but the other was the software needed to provide the games, which were going to draw in the players. Microgaming stepped forward to fill the need, which they, along with many others, still do today. It was not until November 1996 that the first wager with money was made at InterCasino. By 1997, over 200 online casinos were offering some great online gaming action.
It was, and still is, a money maker. By 1998, it is estimated that the money pulled in by the online casinos was $834 million. These casinos offered a large number of games, ranging from variations in poker to pokies, or as some countries call them, the slots.
These are a few of the steps that have led online casino players, to the exciting industry where it is today.