Microgaming and the History of Online Gambling

Microgaming and the History of Online Gambling

Howeverhowever there are others who claim that Microgaming’s Gaming Club was the first online in 1995.

Intertops was the first online sports-book to appear in 1996; however they have been in operation long before that by taking phone bets since 1983. Intertops is still going strong today and is satisfying over 180 countries with their service ceme .

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 handson. By 2008 Party Poker had lost the lead in the industry to Poker Stars and Full Tilt Poker, estimated by the number of players online.

The popularity of online gambling does not 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 casino software available today is not only advanced for the players utmost enjoyment but is completely secure.

In 2010 the online gambling industry grew by 12.5 percent with gross revenues of close to $29.95 billion, regardless of the perceived recession. The online casino sector grew an estimated 13.3 percent in 2010 and brought in an estimated $2.67 billion. The most money contributing to the gambling revenue online is generated by sports betting at about $ 1-2 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 USA players spend money in their establishments anymore due to 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 who were not. Many of the casinos revised their policies regarding USA play since that time and now the majority of online gambling establishments will again accept USA players.

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