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Online gambling first appeared over the internet within the mid 1990s. In 1994 Microgaming software was founded but still has the corner market today in lots of of the on-line casinos. Microgaming is chip software that runs the different machines found in land and online casinos. There is some debate as to who was the first casino to pop up via the internet and most would say InterCasino first appeared in 1996. However; you can find other people who claim that Microgaming’s Gaming Club was the first online in 1995.
From the very first casino to go live via the internet, casinos continue to improve their operations online and tweak the software, servers and connections that cater to the players on the Web. Irrespective of slow bandwidth causing connection problems for the players, the industry still raked in an estimated $834 million in 1998.
Intertops was the very first online sports-book to appear in 1996; however they are already in operation long before that by taking smart 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, 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 within the industry to Poker Stars and Full Tilt Poker, estimated by the number of players online.
The recognition of online gambling isn’t going to seem to be decreasing since its birth. With state of the art technology, online casinos have the ability of offering real time play and instant spin capability, thus satisfying all sectors of the gambling industry and increasing revenue. The trusted casino software available today is not only advanced for the players utmost enjoyment but is completely secure.
In 2010 the on-line gambling industry grew by 12.5% with gross revenues of close to $29.95 billion, in spite of the perceived recession. The online casino sector grew an estimated 13.3% in 2010 and brought in an estimated $2.67 billion. The most money adding 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 will be the most discussed, it was deemed the slowest growing online gambling sector which generated about $5 million.
In 2006 many of the on-line gambling companies decided not to allow United States players spend cash within their establishments anymore as a result 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 states that were legally able to gamble and those that were not. Many of the casinos revised their policies regarding United States of America play since that time and now the majority of online gambling establishments will again accept United States players.