Online Gaming History

Although gambling has been a long time thing which spans thousands of years in different cultures, online gambling is more of a universal explosion. While the different aspects of gambling have taken ages to formulate in various regions of the world, online gambling was something which meshed all cultures an interweaving web of gambling enthusiasts with a savvy for computers and international networking capabilities. Since the unveiling of online gambling in the early 1990's, it has continued to emerge as one of the most viable online businesses and past times. Today, you will often see online gambling websites as common as daisies in a field. But it was not always that way. All great things had the most humble beginnings. And in the case of online gambling, it started in a very unlikely place of the world

The beginnings of online gambling can be rooted to the Caribbean region in 1994. In Antigua Barbuda, to be specific, The Free Trade and Processing Zone Act enabled the existence of this industry. The very first online gaming software, Microgaming, was given birth to at this year. A year after this, they also developed the software that is made to process transactions properly in the world of online gambling and it was named CyptoLogic. Eventually, this simple application of processing transactions became the financial organizing base of most online gambling applications you see in the market today.

Casino operations did not begin at the time though. It only started out in the year 1996. Cryptologic was eventually used to process transactions in the casino operations being tried at the time. Boss Media was the pioneer company which invested on the casino operations online at the time where it was all new and too risky for most people. However, the real money wager can be attributed to InterCasino, which led to full blast of online gambling. Since then, most of the online gambling technologies have been focused on the development of technologies of online casino purposes.

The Caribbean region or West Indies are the only region which acknowledges the viability of online gambling in the early parts of online gambling history. Though quite uncanny for a region which is better known for its offline vacation spots and a laidback lifestyle, they have been the ones who are most willing to try out the employment of technology in further harnessing the fulfillment and thrill of gambling. They were the ones who took the long aging history of gambling to a higher and more contemporary level.

In 1998, the Internet Gambling Prohibition Act was amended and approved with the leadership of Senator Jon Kyl. Still, it did not stop the flourishing appeal of online gambling. The hardcore offline casinos also decided to join the bandwagon at this period of time, and Lasseter's in Australia was launched and supported by its government.

More milestones were experienced from the year 2000. The first million dollar bet was won in May of 2002. More bills have been amended and submitted to prohibit gambling online but the industry persisted and made the owners of Cryptologic one of the richest people from online earnings. In 2003, the rules have been consolidated and eCOGRA was formed. eCOGRA stands for eCommerce and Online Gambling Regulation and Assurance.