Gambling has always appealed to the masses. The possibility of cashing in large sums of money through minimal efforts indeed sounds tempting, and history is witness to the fact that people would go to great lengths to check their ‘hands’ in gambling. With time and technology like everything around us, gambling has also changed its form and medium. With the introduction of the ‘World Wide Web’, enabling digitalization of almost everything in the world, online gambling has emerged as an opportunity for people to gamble on their devices with being anywhere in the world, with the development of online platforms like 먹튀.
History and Present Scenario
- Online gambling started back in the 90s with the introduction of the first online casino in 1994. The twin-island country of the Caribbean Antigua and Barbuda passed the Free Trade and Processing Act granting licenses to organizations for online casinos.
- Online gambling quickly rose in fame with the rapid introduction of gambling websites. With only 15 websites in 1996, the figure expanded to 200 in the following year, and the revenue for the entire industry shot up to a whopping $830 million in 1998 alone.
The industry only saw a steep rise with the introduction of Multiplayer online gambling, which enabled the players to chat and interact with each other while playing. The rising popularity continued in the second millennia as well with the worldwide revenue estimates crossing the $21 billion mark. A 2016 study suggested the revenues reach $56.05 billion by 2018 and a 2011 survey in the UK revealed that 11.2% people out of 5,000 had participated in some form of online gambling in the past month. Why to wait more , start gambling from today.