iGaming has undergone a remarkable transformation since its inception, evolving into a dynamic and thriving industry. Let’s take a journey through its key milestones and explore how this sector has grown into the global phenomenon we know today. If you already know everything, then immerse yourself in the fun of WildBet777 online casino and try your luck right now!
1994: the birth of iGaming
The 1990s transformed gambling with the rise of online casinos and sports betting. In 1994, Microgaming launched the first online casino software, and Antigua and Barbuda introduced the Free Trade and Processing Act, enabling online casino licensing. That year also saw the start of the Liechtenstein International Lottery, one of the first online lotteries. These milestones laid the foundation for the iGaming industry’s growth and innovation.
Late 1990s: the iGaming boom
The mid-to-late 1990s marked the rapid rise of iGaming, driven by advancements like Cryptologic’s secure payment systems in 1995 and the launch of platforms like InterCasino in 1996. Key milestones included the establishment of the Kahnawake Gaming Commission, the advent of online sports betting with Intertops, and the debut of online poker through PlanetPoker in 1998. The number of online casinos skyrocketed from 15 in 1996 to over 700 by the decade’s end, signaling the global expansion of digital gambling.
Early 2000s: growth and regulatory challenges
The early 2000s were a transformative period for iGaming, marked by major milestones like the launch of PartyPoker and 888.com. Chris Moneymaker’s 2003 WSOP win, after qualifying through an online satellite, boosted online poker’s credibility and popularity.
Mobile gaming emerged with platforms like Playtech, paving the way for future growth, while live casinos and online bingo brought social and interactive elements to digital gambling. Slots also became a dominant force, reimagined for the online space with exciting features and big jackpots.
Mid to late 2000s: the rise of poker and mobile gaming
The mid to late 2000s marked a transformative period for the iGaming industry, driven by technological advancements, regulatory changes, and market expansion. Innovations like HD streaming, live dealer games, and mobile apps revolutionized user experiences, while the rise of fantasy sports, virtual sports, and eSports diversified the industry’s appeal.
However, key regulatory shifts, such as the UK’s Gambling Act and the U.S.’s UIGEA, reshaped the legal landscape. With the emergence of smartphones and mobile gaming, iGaming entered a new era of accessibility and growth, laying the foundation for its continued evolution as a dominant force in digital entertainment.
2010s: a decade of global expansion and innovation
The 2010s were a pivotal decade for the iGaming industry, fueled by technological advancements and changing regulations. Mobile-first casinos set new standards, while live dealer games, VR casinos, and Bitcoin casinos gained popularity. Europe led the industry’s growth, with hubs like Malta and Gibraltar playing key roles, and the U.S. made progress with online gambling legalization in several states.
The economic impact of iGaming became evident as it boosted revenue, tourism, and job creation globally. Meanwhile, eSports betting emerged as a fast-growing market, and innovations like VR and AR transformed the gaming experience, highlighted by NetEnt’s Gonzo’s Quest VR.
2020s: the era of remote iGaming
The 2020s transformed iGaming, with the pandemic accelerating growth as users turned to online platforms. Innovations like VR casinos and blockchain brought immersive experiences and secure transactions, while mobile gaming surged thanks to 5G and optimized platforms. These advancements highlight the industry’s adaptability and promise an exciting future.