According to gambling experts, the global online gambling industry is not stopping in terms of its growth.
In fact, it is now worth $50-billion dollars in terms of bet which increased for five hundred percent since 2003. The online gambling industry has already come a very long way since it was first launched in the early 2000s.
Regardless if you are a veteran gambler or a newbie for online gambling, you will surely be in awe by its history and its fast-paced evolution that is geared towards global dominance which will soon eclipse the traditional way to gamble.
The birth of online gambling
It was not totally surprising at all that online gambling rises up near the dawn of the online era. According to experts, they still disagree over which online gambling site or operator was the first one to establish a market, while the longstanding debate has already stemmed from the fact that these experts are using different facts and standards which defines different online gambling sites.
There is no definitive evidence as to where online gambling originated and which online operator established its market first. Also, there is no evidence that real money was used in the first days of online gambling. Even the algorithms that the experts recovered were very archaic compared to what the present-day online gambling sites use.
However, years have passed and online gambling has become a very huge industry worth billions of dollars and continues to grow.
The regulation of online gambling
Because of its popularity and widespread influence around the world, online gambling has been regulated as gaming regulators both private and government-based were faced with several challenges after they were introduced with online gambling. There were jurisdictional boundaries which were utilized and implemented to put up a clear regulation and law as the current regulations that time was blurred as the internet continues to innovate and evolve to what it is now.
The regulators had to argue to whether or not the jurisdictional rules will be applied within the location of the player or the location of the servers where the sites are being hosted. Until the United States and the United Kingdom passed a law that declares some certain prohibitions and restriction for several forms of online gambling which turned out to be the parameter for regulators to base their regulations and laws according to the origin of the online casino sites’ base of operations while there are certain laws that were applied according to the online gambler’s current location as online gambling have turned into a worldwide phenomenon.
Innovation in online gambling
It is very certain that the online gambling industry continues to evolve every single day and a lot of gambling sites are now offering several sophisticated and innovative features that are geared to toward the improvement of player experiences and to add more, it also allows players to access online casino games through mobile devices like Poker Online.
Also, in terms of currency, there are many online gambling sites that accept cryptocurrencies to provide more convenience to their current market especially those who are very conscious with their own privacy.