It is palpable that there is a division in our world—the online world vs. the physical world. Gaming has been divided between these two worlds. In the past, friends had to meet at a chosen venue to play various games, but this isn’t so anymore. Distance is not a barrier in the online world, as long as you have a functional device and the internet you can be part of interactive gaming, popularly known as iGaming.
Most online casino games you love to enjoy physically with friends can be enjoyed without you leaving your home. This comfort presented to you by the online world also extends to gambling. Gambing online is termed “iGaming.” However, the lens through which many people across the globe view iGaming is different. It is commonly mentioned on most social media, but what is iGaming anyways? How does it work? Today’s casino news will give a brief and concise answer to the question –What is iGaming?
What is iGaming? A Historical Overview of iGaming
iGaming is any activity that involves wagering on the outcome of a specific event or game using the internet. Verticals such as sportsbooks services, online poker, online casinos like Slots Paradise, lotteries, sweepstakes, Keno, and bingo games are under iGaming. The industry is also broad, game software developers, regulators, operators, etc., are all parts of it.
The advancement in internet services and technology is at the core of the flourishing industry, thanks to the advancements in technology and the internet.
In 1994, the free trade and processing act kicked off in Antigua and Barbuda with the passing of a bill that granted a license to people or organizations who sought to start the operation of an online casino.
The first online casino that offered gambling was InterCasino, which Microgaming created. It is often referred to as the mother prototype for all other online platforms that followed.
In 1996, casino globe licensing was possible due to the Kahnawake Gaming Commission (KGC). This commission led to the creation of about 200 casinos at the end of that year.
The growth of iGaming caught the attention of US legislators, who passed a bill that prohibited Gambling. However, since iGaming was a huge people’s interest, the prohibition was lifted. Each state was given the power to make gambling legal or not. In the United Kingdom, gambling was enabled in 2005 after the Gambling Act was passed.