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Online gambling first appeared on the net in the mid 1990s. In 1994 Microgaming software was founded and still has the corner market today in several of the internet casinos. Microgaming is chip software that runs the many machines found in land and online casinos. There is some debate as to who was the first casino to pop up on the net and most would say InterCasino first appeared in 1996. However; you’ll find individuals that claim that Microgaming’s Gaming Club was the first online in 1995.
From the first casino to go live on the net, casinos continue to improve their operations online and tweak the software, servers and connections that appeal to the players on the Web. Regardless of slow bandwidth causing connection problems for the players, the sector still raked in an estimated $834 million in 1998.
Intertops was the very first online sports-book to appear in 1996; however they happen to be in operation long before that by taking mobile phone bets since 1983. Intertops is still going strong today and is satisfying over 180 countries with their service.
Online poker first sprang up at the start of 1998 and was facilitated by Planet Poker. Following suit was Paradise Poker in 1999, Our Webpage Party Poker and Poker Stars in 2001. Planet Poker is still in operation; however they no longer allow real money to exchange hands. By 2008 Party Poker had lost the lead in the industry to Poker Stars and Full Tilt Poker, estimated through the number of players online.
The popularity of online gambling won’t appear to be decreasing since its birth. With state of the art technology, online casinos possess the ability of offering real time play and instant spin capability, thus satisfying all sectors of the gambling industry and increasing revenue. The casino software available today is just not only advanced for the players utmost enjoyment but is completely secure.
In 2010 the online gambling industry grew by 12.5% with gross revenues of close to $29.95 billion, whatever the perceived recession. The internet casino sector grew an estimated 13.3% in 2010 and brought in an estimated $2.67 billion. The most money contributing to the gambling revenue online is generated by sports betting from around $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 talked about, it was deemed the slowest growing online gambling sector which generated about $5 million.
In 2006 many of the online gambling companies decided not to allow United States of America players spend money within their establishments any more because of the uncertainty regarding laws of offshore gambling, following the passing of the Unlawful Internet Gambling Enforcement Act. There was a great debate regarding different explains that were legally able to gamble and people who were not. Many of the casinos revised their policies regarding United States play since that time and now nearly all of online gambling establishments will again accept USA players.